From Editor's Desk

Mark Dutz , the editor and lead author of the new World Bank Report ”Unleasing India’s Innovation”, has discussed following very important issues in his article in The Economic Times of Dec. 10, 2007.

• In To-day’s technology-driven world where innovation is the recognised engine of growth, India is seen as a top global player.

• The Indian economy today comprises two distinct groups of enterprises. While the country’s leading enterprises are on par with some of the most advanced in the world, those at the lower end of the scale – mostly in the informal sector, which employs 90 % of the workforce – are left far behind. The gap between the two is extremely large – much more so in India than in China, Korea, Mexico or Russia.

Mr. D.L. Pandya

Editor

• Given the realities of India’s dual-track economy , the country today has more to gain from better diffusion and absorption of existing technologies across enterprises than from new inventions themselves.

• As The Economist echoed in its special report on technology in India and China (Nov. 10 –16, 2007), India’s technological fortunes rest as much, if not more, on its powers of diffusion and absorption as on its powers of invention.

• And the focus is not just on innovative goods and services, but also on innovative methods of production, as well as innovative organisational forms - such as new ways of interaction between enterprises, governments and people.

• An important area is building skills. Indian firms can capitalise on this valuable resource by investing more in worker training. It has been found that firms which provide in-service training are about 25 % more productive than those that do not.

As the readers are aware . through our publications and internet portals, we have been putting efforts for better diffusion and absorption of existing technologies across Indian Medical Device Industry and in continuation to that, a Conference On “Indian Medical Devices & Plastic Disposables Industry 2008” is planned on Feb 24 – 25, 2008 at Ahmedabad. Our vision is “Technology which connects is successful Technology”.

The conference will appeal to anyone directly involved or associated with the Medical Device Industry. It will be extremely useful for businesses involved with design and manufacturing, raw materials supply, machine & equipment supply, processing, injection molding, extrusions and manufacturing & marketing of finished medical devices.

We are happy to confirm that we have already received confirmation of most knowledgeable speakers of the Indian Medical Device Industry who will share their knowledge, experience and vision with the participants.

This issue also highlights another important issue related to the Medical Device Regulation. We would like to appeal all to contribute by way of opinions and suggestions on “The Draft Medical Device Regulation Bill”.

D.L. Pandya