Innovate, C.N.R. Rao tells industrialists

By Our Special Correspondent

BANGALORE, SEPT. 22. Prof. C. N. R. Rao, distinguished scientist and President of Jawaharlal Nehru Centre for Advanced Scientific Research, has called upon industrialists to give top priority to innovation.

Delivering the `Sir M. Visvesvaraya Memorial Address' on the founder's day of the Federation of Karnataka Chambers of Commerce and Industry here on Saturday, Prof. Rao said innovation should be the watchword for not only industry but also trade and commerce. He appealed to scientific bodies, academies, trade and commerce organisations to work together for the progress of the country.

Prof. Rao said information technology had thrown up enormous opportunities; industry and trade should make use of them. There was need to adopt a futuristic outlook. There was also an urgent need for quality improvement as the new economic policy would increase the competition. He flayed the bureaucracy and said its attitude would hamper progress of the country.

Prof. Rao presented the FKCCI's `Sir M. Visvesvaraya Memorial Award 2001' to the industrialist, Dr. Vijay Mallya.

A citation presented to Mr. Mallya by Mr. Tallam Venkatesh, former President of FKCCI, said he (Mr. Mallya) was a philanthropist and his contribution to the society was immense which included the establishment of the Mallya Hospital and the Mallya Aditi International School. It also referred to his contribution to the development of sports.

Dr. Vijay Mallya, who is the Chairman of the UB Group, concurred with Prof. Rao, and said there was need for innovation in all fields of activity particularly in the fields of industry and commerce.

It was the spirit of innovation and entrepreneurship, and the determination to achieve goals that had brought success to his vast business empire, he said and called upon the industrialists to `resist' bureaucracy `which is not only in the Government but in trade, industry and commerce also.'

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Section  : Southern States
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