Abstract
People describe India in many different ways. Many say, India is a rich country where poor people live. The Indian challenge is simply that rather than being described as a rich country where poor people live⁄ some day someone will have to describe us as a rich country where rich people live. This can happen only when we realize the wealth creation potential of knowledge. Creating wealth out of knowledge is a crucial challenge for us. Among other things⁄ mastery of manufacturing technology assumes a key role in this entire process of wealth creation. In this paper⁄ Ramesh Mashelkar discusses the new challenges that India will face in manufacturing technology as we enter the twenty-first century.
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