Technology plays an important role in improving the economic and social condition of a country. With the establishment of the World Trade Organization (WTO) in 1995 a path was created for developed countries to transfer technologies to developing countries. But nothing much happened in this direction and reasons for it are easy to understand:
- Poor protection of IP in developing countries
- Not so supportive policies with respect to import of technologies and
- Economic, legal & social frameworks within these countries
The technology transfer scenario in India have not been consistent and have seen various ups and downs. After Independence, the government emphasized towards industrial development and thus imported technologies for its basic and heavy industries. This didn't last longer and in 1970s and 1980s the government shifted its focused towards self-reliance. This was the dark period where technology transfer was at its minimum. The Reforms of 1990s brought a paradigm shift in India's policies towards outside world. India opened its economy and became a part of globalization. Today it has got liberal policy towards technology transfer and there is free movement of technologies with minimum restrictions and more incentives to the mediators of the process. Due to this liberalized change of technology imports several sectors of Indian industry are getting benefited.
Anil Hooda-Technology Associate
Skyquest Technology Group