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MNCs suggest measures to enhance R&D investments in India

Press Trust of India  |  New Delhi 

Multinational companies (MNCs) have suggested steps, including single-window support to industries, to lessen the operational challenges in enhancing their R&D investments, the commerce and industry ministry said Friday.

This measures were suggested by MNCs in a meeting with Principal Scientific Advisor to the Government K Vijay Raghavan on July 16 here.

The interaction, the ministry said, was focused on suggestions from nearly 35 multinational industry leaders from various sectors to address issues and challenges in establishing research and development (R&D) operations and investments in India.

"The key recommendations from the MNC perspective was to provide a single-window support to industries to lessen the operational challenges in enhancing their R&D investments, inter-ministerial policy and programme to enable closer engagement of MNCs in national research and innovation eco-system, regular interaction platform between government and MNCs for scaling up of research and innovation partnerships," it said in a statement.

It said global best practices were shared to facilitate closer integration with the Indian research and innovation ecosystem.

Representatives from Department of Science and Technology, Niti Aayog, Ministry of Human Resource Development, Ministry of Electronics and Information Technology, and MSMEs were among the 70 participants.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 19 2019. 17:15 IST