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Technology Stocks : NanoTechnology

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From: RikRichter	12/15/2005 1:45:39 PM
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Russia's Zhukov calls for nanotechnology development MOSCOW, Dec 15 (Prime-Tass) -- The Russian government should launch a program aimed at boosting nanotechnology development in Russia and make it "a national priority" project, Deputy Prime Minister Alexander Zhukov said at a regular government meeting Thursday. Nanotechnology development would be as important for the 21st century as the invention of the nuclear bomb was for the mid-20th century and as important as information technologies were for the late 20th century, Zhukov said. The world’s nanotechnology market is expected to be worth "trillions of U.S. dollars by 2015," Zhukov said. Russia should follow the U.S., Japan and the European Union, which have all launched nanotechnology programs and invested “huge funds” in them, Zhukov said. “In this respect we’re not far behind the world’s leading countries but a special national program should be launched. Otherwise we will lag behind,” Zhukov said. It is important to avoid dispersing funds by investing in different projects linked to nanotechnology, Zhukov said, adding that a single program should exist. Prime Minister Mikhail Fradkov also called for developing nanotechnology at the government meeting. End 15.12.2005 14:54

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