Imperatives For Indigenous Technology Development In India The strength and sustainability of the collaborative innovation eco-system will largely depend upon goals set and availability of and the criteria for accessing government funds and benefits. India celebrates 11th May every year as the National Technology Day to commemorate success of the Pokhran nuclear test that was carried out this day in 1998. The success of the nuclear tests established India’s leadership position in the world in its ability to develop new technology at scale, generate skilled and knowledgeable human resource and garner a whole eco-system around atomic energy. This day has come to signify India’s resolve to be world leader in chosen fields of Science & Technology with commensurate development of human resource, knowledge value chain and supply eco-system inclusive of small and medium-scale enterprises. This day is also marker to motivate young minds to adopt science and technology as career option.