It is now well realised that in any industrial society or country, economic growth is essential to improve the quality of life. For a country like India striving to achieve economic prosperity and sustainable development, all individuals and organisations, who have the ability to do so, should help the cause of promoting research. The above multi-purpose industrial research promoting centre was founded to contribute towards this end and strengthen the efforts being made in the field of industrial research in India.

Objectives & Scope of VASVIK Awards

We have instituted nine annual VASVIK Industrial Research Awards, each of Rs. 50,000/-, and a citation to be awarded to an individual or group of individuals, who, in the opinion of our Board of Advisors, have made outstanding contribution to the advancement of science and technology or provided leadership leading directly to national prosperity in India.

Consideration will be given to achievements in design or any production techniques or methods, particularly with regard to their impact on industrial and economic growth, import substitution, saving of foreign exchange, cost reduction, etc. Achievements within the past 10 years will be given priority.