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In the new R&D regime, Nanotechnology has emerged as a veritable El Dorado. It is likely to usher in an entire range of novel technologies in almost all areas of human endeavour. In the technology focus of this issue we present both an introduction to the subject and to the gamut of related research now underway at our institute.

In continuation with the last issue of this magazine, we explore the likely impacts of globalization on two more areas: urban planning and corporate R&D. In both cases our country may stand to gain and lose at the same time, which calls for understanding the subtle implications of the processes unfolding, and evolving effective strategies. Globalization has also entailed a lowered role of government in national economies. Reduced public spending in higher education is one of its many effects. Today, the academia has to increasingly rely on self-generated funds through mechanisms that in some ways mimic business. In Commentary we explore the conflicts this is causing within the academia.

The science of Organic Synthesis (i.e. mimesis) of natural molecules is a potent route for manufacture of a host of pharmaceuticals and new materials. Some of the research programmes in this field at IIT Bombay have received much acclaim. A multi-disciplinary team of faculty has been developing software tools for efficient management of railway operations. The work has the potential for securing substantial benefits for the country's railway network, one of the largest of its kind in the world. We review both these R&D activities.

Over the recent years the emphasis on developmental work has been deepening at IITB. We present an array of such successful ventures in this issue.
 

Sandip Roy
Editor

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