Joined: 16 Mar 2004
|Posted: Fri Oct 05, 2007 2:07 pm Post subject: Nanotechnology brings United Kingdom and India together
|To accelerate the development of nanotechnology and register its presence globally, the UK has teamed up with India and formed a joint entity called NWG (Nanotechnology Working Group).
The UK and India have joined hands to form a joint NWG (Nanotechnology Working Group) to push the development and expansion of advanced technologies. The NWG will be formally launched in the coming months as a part of the British government’s move to improve the UK's nanotechnology sector performance in the international arena.
Nanotechnology is a branch of science that has the capability to speed up development in many industries. Nanotechnology can break the existing silicon limits and make computers much faster by creating smaller and more competent microchips.
Bob Driver, Director, High-tech sectors, UK Trade and Investment (UKTI), a government body, which helps companies operating overseas, says the working group will take nanotechnology higher and bring India and the UK together technologically.
Driver, in news published by Computing, says, “The nanotechnology initiative between India and the UK will help create an environment that sparks co-operation”. He added that the onus is on UKTI to attract investment in the UK’s R&D work. He stressed the growing interest in nanotechnology and said, “We have a coherent network of nanotechnology centres of excellence and a healthy number of companies which have been successfully invested in”.
David Sharp, nanotechnology expert, UKTI, says the nanotechnology expertise of UK ranks in the top 5 countries of the world.
He states, “The UK is up there along with the US, Japan, Germany and Korea, but there is a lot of co-operation between countries. The science is pushing forward and has an impact on every sector”.
The nanotechnology sector adds around £23 billion annually to the UK economy and this market share is expected to double by 2015. As per UK Trade and Investment, the number of companies operating in the nanotechnology sector in the UK doubled between fiscal 2003-04 and 2004-05.
According to a Research & Consultancy Outsourcing Services (RCNOS) report “The World Nanotechnology Market (2006)”, like other developed nations, the UK too has recognized nanotechnology as one of the important fields through which to develop a knowledge-based economy. The UK government has identified Advanced Materials, Energy, Communication, Healthcare, and Manufacturing as the potential sectors where nanotechnology will significantly influence the British economy.
The research report also discusses the global outlook of the nanotechnology market, market analysis by products and applications, updates on recent developments in the market, and R&D funding agencies and nanotechnology research centres in the UK.
Story posted: 14th March 2007.