BANGALORE: India has a long way to go in innovation as far as academic research is concerned but fared better in terms of business and industrial research, Infosys CEO S Gopalakrishnan said today.
"India has a long way to go partly because we need to increase the number of PhDs being produced in academic institutions. It will take some time", Gopalakrishan, also Chairman of CII Southern Region, told reporters announcing the two-day Sixth Innovation Summit beginning here from June 17.
"Industrial research is not that bad as many MNCs have their R and D centres here", he said. For some India was among their largest R and D centres outside North America, he said.
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