ABSTRACT
India’s strategy of development enunciated under the various Five Year Plans laid emphasis on technology. As developing countries wish to achieve rapid development, their obvious choice is to rely on horizontal transfer of technology. An effective transfer of technology depends on developing the policies for encouraging indigenous development of the technology. The mechanism for technology transfer depends on the needs and motives of the seller or donor and those of the buyer or recipient of the technology. The UNCTAD guidelines for the import of technology clearly prefer licensing to foreign private investment. The experience of developing countries indicates that they are placing undue emphasis on the control of the transfer of technology and very little is being done to improve the capability for managing the technology. The approach of the Indian Government is towards selective inflow of technology through detailed screening at various levels.
