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- A cargo ship carrying 14 crew members sunk in waters off Bali coast in Indonesia, rescuers said they were searching for seven crew members on Sunday.
- Constable's gun fired 'accidentally' at Bengal Secretariat, none hurt
- Manmohan Singh welcomes Modi govt's decision to build Kartarpur corridor
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- But existing dealers are opposed to such massive expansion as they don’t see economic sense behind this.
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- But existing dealers are opposed to such massive expansion as they donât see economic sense behind this.
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- To get ahead, India must confront many more challenges. At a macro level, it must quickly improve both qualitatively (output efficiency of its research outfits) and quantitatively (R&D spend). On both counts India lags far behind other countries. Private sector must play a critical role.There are other issues that bureaucrats and scientists talk off the record. âWe donât have tolerance for failure. The audit question â" why has a startup we funded failed â" weighs on our minds,â says a senior bureaucrat in the DST. Many of the incubators are headed by professors and scientists who have no knowledge of how a startup ecosystem works.While labs like those of CSIR are being pushed to set up incubators, nurture startups and focus on commercial applications, there is an undercurrent of resistance. âYou are asking someone used to driving a bus to drive a Ferrari. Objectives have changed but the people havenât,â says the head of a DST-funded lab. Some have concerns about the over-emphasis on counting patents and commercial applications. âNot everything should be seen through that lens. Deep science, blue sky research, take time to show results,â says another director of a CSIR lab. The government has given generous funding to set up well-equipped labs, but not for its upkeep. âWe have many such labs with fancy equipment but due to poor upkeep these are now museums of sorts,â says the director of a premier engineering college. Finally, while proactive states are getting ahead, the BIMARU states are lagging far behind.Nimble startups and bureaucratic governments are like chalk and cheese. But for India to build an innovation-driven economy, the two worlds must collide and collaborate. Thatâs the way the world does it. India is just getting started.Atal Innovation Mission (AIM)With a Rs 500 crore corpus, AIM, under NITI Aayog, is headed by a nonbureaucrat CEO; funding is open to private and government outfits and programmes are monitored real time on a digital dashboard.Atal Tinkering Lab (ATL) in schools: To instil innovation, 2,200 ATLs (each costing `20 lakh) have been set up; to cross 30,000 by 2021; It organises boot camps, challenges and tech fests.Atal Incubator Centres: 101 incubators are selected, with Rs 10 crore grant for each; of these, 30 are operational; headed by a CEO, each incubator will nurture over 25 startups every 18-24 months.Atal New India Challenge: Conducts challenges for ministries to find solutions to problems; in six months, it did 24 challenges for five ministries; winners â" three for every challenge â" gets Rs 1 crore to each to build a prototype.Government's push to R&D: Four way drive:Department of Science & Technology In five years, DST-funded incubators have doubled from 70 to 140 with 3,000 startups today.Funding for incubators up fivefold to `10 crore, and for startups has quadrupled to Rs 1 crore; under PRAYAS scheme, entrepreneurs now get Rs 10 lakh to convert idea into prototype.BIRACBiotech Industry Research Assistance Council or BIRAC was created in 2012 to support Indiaâs biotech startups and boost industry-academia ties.31 bioscience incubators set up, and 10 are added annually; plans to have 50 incubators with 2,000 startups by 2020.In 2012, it rolled out BIG Fellows programme offering Rs 50 lakh to help convert great ideas into prototypes; 330 BIG fellows so far, adding 100 every year now.Proactively built a pool of 20 VCs and angels for biosciences startups; 60 BIRAC-funded startups have raised over $125 million funding from outside India.Statesâ ActionProactive states: Many states like Telangana, Karnataka, Maharashtra, Kerala, Goa, Chhattisgarh are setting up innovation cells to bring focus and thrust.Politically insulated: Smart states are creating independent outfits like Hyderabadâs T-Hub or Raipurâs 36Inc to build innovation ecosystem.Helpful hand: Policy sops include recasting tendering process and making government an easy and eager customer for startups.Niche focus: Each state is identifying a few key verticals to nurture its innovation ecosystem; Maharashtra is looking at auto, fintech, blockchain, etc.Stronger impact: While utilising central government schemes for startups, most states are topping it up with their own funds to amplify impact.
- If the scale of the planned expansion at one shot raises question over the viability of new pumps, government officials and company executives say past experience has shown that not all the advertised pumps finally see the light of the day.âSeveral issues come up during the award of dealerships. Sometimes it is related to land, at other times it could be one or several of many other factors. So in effect, one can say 15,000-20,000 out of the total number advertised will come up at first,â a senior official told TOI.But even then it could mean investments of thousands of crores in the fuel retailing business and jobs for tens of thousands of people. New pumps also mean more business for equipment suppliers, transporters and tanker manufacturers.But existing dealers are opposed to such massive expansion as they donât see much economic sense behind the move. âThe average sale of existing outlets has dropped from 170 Kl (kilolitre) to 140, while costs rising and margins shrinking. Besides, what is the sense of adding petrol pumps when the government is talking of alternative fuels,â All India Petroleum Dealers Association president Ajay Bansal told TOI.He said it would have made sense if pumps were being added along the new highways. Other market watchers said such large-scale expansion by government fuel retailers would increase their market dominance, which is almost 90% now, and could force private companies to rethink expansion plan at a time when the government is trying to attract investments in the sector.According to government data, India has 62,585 petrol pumps, only 6,000 of which are run by private companies. The countryâs fuel demand grew by over 5% to 205 million tonnes in 2017-18.Government retailers were not allowed to expand their network in the last four years as the government first planned to rework the official guideline and then decided to make way for new guidelines by the companies. The new guidelines follow the government reservation norms for disadvantaged sections of the society but give operational flexibility to companies in appointments.The new eligibility guidelines have scrapped the applicantsâ fund requirements and relax rules on land ownership. Under the new rule, people with no land or a firm tie-up with landowner will also be allowed to apply for the dealership. Earlier applicants were required to possess Rs 25 lakh in bank deposits or other financial instruments for regular outlets and Rs 12 lakh for rural outlets, according to the previous policy.The winner among applicants will be picked by online draw of lots, after which the credentials will be verified subject to the candidate depositing 10% of the security deposit. Previously, the verification process was undertaken for all applicants and only eligible candidates participated in the draw of lots. The entire selection process will be done online.
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