Indian Diaspora and Technology Transfer
Author Name
Nirmal Kundu, Chandan Bhar and Visvesvaran Pandur
Author Address
Teerthanker Mahaveer University, Bagadpur
Chandan Bhar and Visvesvaran Pandurangan
Indian School of Mines, Dhanbad
Keywords
Knowledge Transgfer
Abstract
Contribution of Diaspora in economic growth is well recognized but there are now increased evidences of their contribution in human resources, knowledge, skills and professionalism. The massive brain drain” in technologically advanced countries which often viewed as curse is now acting as boon in terms of “brain gain” towards technology resources. The objective of this paper is to establish present and potential contribution of Indian Diaspora in building technological capability and technology transfer in India. The research methodology used is a combination of literature review, case study and key informant interviews. The literature review includes published and unpublished literatures. Case studies are taken mostly from Ministry of Overseas Indian Affairs (MOIA). In case of key informant interviews, informal telephonic discussions are carried out with key government officials and Diaspora now settled in India.
Indian Diaspora has been doing wonder for developed countries. Vinod Khosla (Sun Micro system), Sabeer Bhatia (Hotmail), Vinod Dham (Pentium Chip) are icons of Indian Diaspora. MOIA is networking with 21 million of Indian Diaspora spread across 200 countries, In a survey of MOIA of 1106 returnee professionals, there are 185 computer professionals, 173 management professionals, 152 academician, 142 engineers and 118 nurses/ technicians - together they constitute 70 percent and are skilled professionals contributing to technological capability building and technology transfer in India. There are ample examples of success stories in KNIT programme (Knowledge Circle, New Product Sourcing, Investments, Technology Transfer) like Sri City project by Mr. Ravindra Sanna Reddy ( Rs. 3,600 cr.. investment in 2014-15) and RKSV Securities ( Rs. 40 billion of daily turnover) by a group of returnee overseas Indians . It is high time now to act on brain gain and attract Indian Diaspora. They have already done it and now they should do it for India.
Conference
International Conference on "Global Migration: Rethinking Skills, Knowledge and Culture"