Monday, December 6, 2010

INDEVCO CEO Presents at 10th Annual LIRA Program Conference

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Neemat Frem presented at the Lebanese Industrial Research Achievements Program (LIRA 2010) conference and exhibition.

LIRA Program 2010 conference brought together industry specialists and officials from 1 - 3 December 2010 at the Dbayeh Convention Center in Dbayeh, Lebanon. The event took place under the patronage of Lebanese President Michel Sleiman, while Lebanese Minister of Industry, Abraham Dedeyan, inaugurated the event.

LIRA Program seeks to develop effective links and cooperation among research centers, academic bodies, and industry players to boost growth by meeting crucial research and development needs, increasing productivity, and improving competitiveness.[1]

INDEVCO Group awarded for its accomplishments at LIRA 2010

Neemat Frem, INDEVCO President & CEO and President of the Association of Lebanese Industrialists (ALI), gave a visual presentation during the opening session.

The presentation discussed the imperative for innovation to spur higher productivity and growth in GDP and to avoid obsoleteness in a world of ever-changing technology. Globalization is facilitating innovation and industrial research.

Lebanese Competitiveness

Frem shed light on Lebanon’s low competitiveness ranking. Although the country has had breakthroughs in health care and education, industry research continues to lag due to public institutions and infrastructure.

Lebanon, however, has maintained a healthy growth ratio (8.7% in 2009) despite the world economic crisis. Frem explained the importance of maintaining this growth and raising this ratio to cover national debt.

Frem’s recommended action plan would stimulate industrial research covering public sector, universities, banking, industrialists and financial institutions and called for a research law.

A vital link between industry and universities is necessary, as well as the need for tax incentives and banks to provide supportive funds.

Furthermore, he requested to rely on the National Council for Scientific Research (CNRS), Industrial Research Institute, the Association of Lebanese Industrialists and universities to stimulate and develop research programs.

LIRA Program 2010 was organized by the Lebanese Ministry of Industry and National Council for Scientific Research (CNRS).


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