India’s Science, Technology & Innovation Policy 2013 will be released at the five-day centenary session of the Indian Science Congress that begins here this Thursday. It focuses on faster sustainable and inclusive development. The policy document was approved by the Union Cabinet on December 26, said Union Minister of Science & Technology S. Jaipal Reddy here on Wednesday. Explaining the inclusion of the term “innovation” which was not present in previous policies drafted by the Centre, Science & Technology Secretary T. Ramasami said that generally we talk about converting money into knowledge but there is also a need to convert knowledge into money. “It [the policy] also takes into account the affordability and accessibility of innovation… bringing in more focused, people-centric processes,” Dr. Ramasami said. The new policy stresses on promoting scientific thinking across all sections of society and making careers in science, research and innovation more attractive. It also aims to establish world-class science and technology infrastructure to position India among global science leaders by 2020. The policy calls for attracting private investment in research and development as well as increasing investment in the sector. Italso aims at serving the nation’s agenda in agriculture, manufacturing and services sectors. Dr. Ramasami said the document was formulated about a year ago with inputs from over 4,500 people as well as chambers of commerce and experts.