To promote, develop, and commercialize the technologies, know-how, inventions, patents, and processes originating from various national R&D institutions and universities, the Government of India established the National Research Development Corporation (NRDC) in 1953. At the moment, the NRDC operates under the administrative control of the Dept. of Scientific & Industrial Research, Ministry of Science & Technology. In pursuit of its corporate objectives over the past six decades, NRDC has developed strong relationships with the scientific and industrial communities in India and abroad, built a broad network of research institutions, academia, and industry, and formalized agreements with them for the commercialization of know-how created in their laboratories. As a result, NRDC is now regarded as a significant repository of a wide variety of technologies covering almost all industries which include agriculture and agro-processing, chemicals, such as pesticides, pharmaceuticals, drugs, and biotechnology, metallurgy, electronics, and instrumentation, building materials, mechanical, electrical, and electronics, etc.