New Delhi: India targets to become a USD 10 trillion economy in the coming decade with the growth of sectors like infrastructure, semiconductor, electronics, electric vehicle ecosystem, and others. To hit this target a robust manufacturing sector is required which not only requires manpower but also a strengthened research and development (R&D) sector.
Ather Energy’s CEO, Tarun Mehta, recently through this twitter account highlighted the importance of good R&D in India. He emphasized the need for proper policy framework to promote R&D.
The manufacturing of products through several companies can happen when the OEMs feel their new product development (NPD) can happen, he said. For which a good number of engineers are required, thus countries like China are leading the way.
“Apparently BYD now has more people in R&D than the rest of the auto industry outside of China. The most important progress is technological progress and China. BYD is the largest EV company and that’s because they are all in,” he tweeted.
From the total amount of investment assigned for different sectors, 10%-15% should be utilized for R&D, along with that a million of engineers should be hired for technological development in the country, added Mehta.
