There is need to make continuous efforts, on the part of both Central and State Governments, so as to develop and promote various innovations and technologies in India as well as to spread these to the worldwide markets. The Central authority responsible for this in India is the 'Ministry of Science and Technology'. The Department of Science and Technology (DST) and Department of Scientific and Industrial Research (DSIR) are its two nodal agencies which are responsible for promoting science and technology (S&T) activities in the country as well as for supporting inventors/ entrepreneurs in their pursuits. National Innovation Foundation (NIF) has also been established to encourage Indian innovators by providing them adequate institutional support.
These central agencies, along with efforts of States/ Union Territories, have been undertaking many policy initiatives and measures as well as announcing many schemes and programmes with a view to promote innovation and S&T in the country. Some of the prominent ones are:- Technology Promotion, Development and Utilization (TDPU) Programme; Technology Development and Innovation Programme (TDIP); Science and Technology (S&T) Policy; National Innovation Act, 2008; etc. All such incentives aim to accelerate economic growth of Indian economy and improve the standard of living of the people.
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