Pakistan Council for Science and Technology (PCST) is going to conduct ‘First National Industrial Innovation Survey’. Rs. 45.041 million has been allocated for the project.
It is the first ever survey of its kind and will help to design appropriate innovation policies and strategies leading towards the improvement of quality of Pakistani products to boost their demand in international market.
The project was approved with the efforts of the PCST, has been designed for a time duration of 24 months and will motivate firms to initiate innovative activities, said Dr. Anwar ul Hassan Gilani, Chairman PCST.
The study would provide insight into the innovation process in the industrial sector of Pakistan which would be useful for future planning and management of our industrial production.
“This survey will have long term effects to boost our economy as well as earning of foreign exchange”, he stated.
It would also be a land mark step to achieve the target set under vision 2025 to increase export from US $25 billion to US $ 150 billion annually and become a part of 25 largest economies of the world leading to upper middle income counties status and creating at-least five global Pakistani brands, he added.
Chairman PCST said the survey would also suggest policy measures and road map for nurturing new ideas in manufacturing sector to enhance its competitiveness in national and international market.