Hyderabad: Vice President of India Jagdeep Dhankhar today underscored the pivotal role of Research and Development (R&D) as the spine of the economy and the nation.
Emphasizing the significance of innovation in medicine development, he asserted that R&D efforts transcend mere execution and embody the highest form of contribution to humanity. “Temporary failures should not hamper our pursuit to serve humanity by science and research,” he added.
He further highlighted India’s contribution to international vaccine efforts, including the donation of Covaxin through the Vacvine Matri initiative, reflecting India’s longstanding contribution to the principle of “Vasudhaiva Kutumbakam.”
Dhankhar further emphasized the need for corporate leaders to handhold institutions to promote research and development to foster innovation, with a focus on disruptive technologies.
Addressing the gathering at the Bharat Biotech facility in Hyderabad, Dhankhar lauded the heightened credibility of the Padma Awards in recent times. The Vice President asserted that the Padma Awards are now very authentic and given to deserving persons. “They are no longer driven by patronage or reputations built by event management,” he added.
Addressing the economic concerns at Bharat Biotech, Dhankhar highlighted the significant drain of foreign exchange due to unnecessary imports. Criticizing this practice as contradictory to the ethos of promoting local products and societal commitment, he warned people of three serious consequences: the avoidable depletion of foreign exchange reserves, the hindrance to domestic manufacturing by importing goods available locally, and the suppression of entrepreneurial opportunities.
Underlining that many of the world’s top institutions draw their strength from their large alumni base, Dhankhar urged the alumni to come forward and form a strong alumni network through think tanks, contributing to the growth and development of the nation.
Advocating for the channelization of disruptive technologies, the Vice President underscored their transformative potential, cautioning against their unregulated proliferation.
He further stated that India’s unwavering dedication to biotechnology and Pharmaceutical research has helped build its reputation as the pharmacy of the world.The Vice-President declared Bharat’s ascent a superpower, citing the nation’s rapid progression and dynamic momentum. With confidence in Bharat’s future, he emphasizes the transformative shift from a sleeping giant to a fast-moving force. (INN)