Released on = March 14, 2007, 10:45 pm

Press Release Author = Shushmul Maheshwari

Industry = Healthcare

Press Release Summary = To accelerate the development nanotechnology and register
its presence globally, UK has team up with India and formed a joint entity called
NWG (Nanotechnology Working Group).

Press Release Body = UK and India has joined hands to form a joint NWG
(Nanotechnology Working Group) to thrust the development and expansion of advanced
technologies. The NWG will be formally launched in coming 2 months as a part of
British government's move to prop up the nanotechnology sector of UK in the
international arena.

Nanotechnology is a branch of science that has the capability to speed up the
development in many industries. Nanotechnology can break the existing silicon limits
and make computers much faster by creating smaller and more competent microchips.

Bob Driver, Director, High-tech sectors, UK Trade and Investment (UKTI), a govt.
body, which helps companies operating overseas, says the working group will take the
nanotechnology higher and bridge the India and UK technologically together.

Driver, in news published by Computing, says, "The nanotechnology initiative between
India and the UK will help create an environment that sparks co-operation". He added
that the onus of attracting investments in the UK's R&D (Research & Development)
work is on UKTI. He stressed on the growing interest in nanotechnology and says, "We
have a coherent network of nanotechnology centers of excellence and a healthy number
of companies which have been successfully invested in".

David Sharp, nanotechnology expert, UKTI, says the nanotechnology expertise of UK
ranks in the top 5 countries of the world.

He states, "The UK is up there along with the US, Japan, Germany and Korea, but
there is a lot of co-operation between countries. The science is pushing forward and
has an impact on every sector".

Nanotechnology sector make the UK economy richer by adding around £23 Billion
annually to it and this market share is expected to grow two-fold by 2015. As per UK
Trade and Investment, number of companies operating in nanotechnology sector in UK
doubled between fiscal 2003-04 and 2004-05.

According to RNCOS report "The World Nanotechnology Market (2006)", like other
developed nations, UK too has recognized nanotechnology as one of the important
fields to develop a knowledge-based economy. The UK govt. has identified Advanced
Materials, Energy, Communication, Healthcare, and Manufacturing as the potential
sectors where nanotechnology will significantly influence the British economy.

The research report also discusses global outlook of the nanotechnology market,
market analysis by products and applications, update on recent developments in the
market, and R&D funding agencies and nanotechnology research centers in UK.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM060.htm
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