Prime Minister Dr. Manmohan Singh will release the first report of the National Innovation Council – NIC on Tuesday. NIC has been set up to promote new ideas for inclusive development.

An official release said that NIC was established to recognise the potential of innovation to bridge unmet needs and access gaps in vital sectors like agriculture, education and energy.

It was established in the wake of the Government declaring 2010-2020 as the Decade of Innovation.

In a bid to spur innovation in key sectors of the economy, Dr. Singh had given his nod to set up the NIC headed by telecom czar Sam Pitroda, with special focus on micro, small and medium enterprises for 2010-20, last year in August.