Technology includes not only knowledge or methods that are necessary to carry on or to improve the existing production and

distribution of goods & Services, but also entrepreneurial expertise and professional know-how

Customer needs/ Expectations

Demand conditions

Suppliers Offerings

Innovative Dynamics of the Company

Subsitutes

Competitive Dynamics

Innovations by Research Organizations

Government Policy


Nature of Limits

Technology Performanc e Parameter

New Invention Period

Mature Technology Improvement technology Period Period

Time Lags in Technology Introduction/ Absorption

Process by which commercial technology is disseminated Levels of TT Operational Level Duplicate Level Adaptive Level Innovative Level

Foreign Investment Technology License Agreements and Joint Ventures

1. 2. 3. 4.

Training or Employment of Technical Expert Contracts for supply of Machinery and Equipment Licensing Agreements Turnkey Contracts

High Prices Socio-economic conditions Technological dependence Transferring outdated technology

The extent and terms of Equity Participation Phasing of Domestic Manufacturing Appropriateness of the technology Payment terms and foreign Exchange outflow Restrictive terms in agreement

Providing Advisory Services to Indian Entrepreneurs in respect of Foreign Technology Dissemination of information in foreign countries regarding foreign investment potentials and scope for technical collaboration in domestic economy Assessing Technological requirements of various sectors and identifying areas where froeign technology is required.