Specialty Fabrics Review April 2022 - 47

developed economy-and politically
complicated place-such as Taiwan,
rather than flourishing in the U.S.
COVID-19 has been a rude awakening
for all of us that advanced economies
cannot afford to neglect designing,
research and development, and
manufacturing of essential products.
There is a need to have some
percentage of domestic manufacturing
for products such as industrial and
advanced textiles used in environmental
and medical fields. This is clear from
the fact that India was able to produce
vaccines for its huge population as it has
a good production base for medicines
with the world's largest vaccine
manufacturer, Serum Institute, based in
Pune. Investments must also be longterm
and based on strategic planning
and identifying areas that will have
a broader impact while focusing on
immediate and urgent requirements.
The U.S. Dept. of Defense has
been a pioneer in strategic planning
while prioritizing immediate and
urgent needs. Such investments have
enabled the growth of academic
research laboratories and small- and
medium-scale enterprises. Research
developed in these entities is often
licensed to larger corporations to take
them to the marketplace, as budgets
for research in big corporations have
been shrinking. This innovation
ecosystem is productive.
Innovation is a mindto-market
game
achieved through an
amalgamation of diverse
knowledge stakeholders.
Ganesh Srinivasan
Resil Chemicals
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Specialty Fabrics Review April 2022

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