GOVT SPENDS MERE 47 MN ON NANO-TECH RESEARCH: ASSOCHAM

New Delhi
The Economic TimesGovernment funding for the research and development in the nano technology sector is mere 7 million dollars even while smaller countries such South Korea is spending around 233.5 million dollars, a study by industry body Assocham said.

According to a study, South Korea spends 233.5 million dollars and Taiwan spends 102.4 million dollars in caring out research work in nano technology.

The figures appear dismal as compared to that of the developed countries such as Germany that spends 395.5 million dollars, France 301.1 million dollars and UK 180 million dollars on nano-technology.

"India is also lagging behind in the global nanotech based scientific publications, despite the growth it is witnessing in its nano-technology sector", Assocham President Sajjan Jindal said in a statement.