India's R&d Spending

IdeaForge to increase R&D spending this fiscal to boost UAV innovation

City-based drone maker ideaForge is planning higher R&D spend this fiscal year, as it develops technology and product platforms in the unmanned aerial vehicle (UAV) space. With the government committed to fostering domestic drone research, development, and manufacturing, continuous innovation through product and market research is essential for sustained growth in the UAV sector, the company said. "The R&D (research and development) spend last year was 22 per cent of our revenues. This year, depending on the revenue, the base may shift, but it will be on the higher side as compared to FY24," Ankit Mehta, co-founder and chief executive officer at ideaForge Technologies Ltd said. The company's consolidated revenue from operations in fiscal year ended March 31, 2024 stood at Rs 314-crore, while the Profit After Tax was at Rs 45.27 crore. For the latest December quarter, it reported a consolidated loss of Rs 24.02 crore. It had posted a PAT of Rs 14.7 crore in Q3FY24, while the ...

Govt launches 3 SRTMI initiatives to promote in R&D in steel making

The schemes were launched at the 'Catalysing R&D in the Indian Steel Sector' sector event, organised by the Ministry of Steel in the national capital

India's CRDMO sector looks to expand, looks to touch $25 bn by 2035: Report

This surge is also being driven by India's cost advantages compared to Western countries, 90 per cent faster project startup times, and global supply chain realignments

US firm Alkomex expands R&D ops in India; ropes in expert Sanjay Agrawal

Global pharma company Alkomex GBN looks to expand its research and development footprint in India and has roped in nutraceuticals expert Sanjay Agrawal to spearhead its strategic initiatives in the country, a statement said on Monday. Alkomex GBN has formed a partnership with Dr Sanjay Agrawal, a renowned Indian expert in health management and nutraceuticals, and has appointed him as the Scientific Advisor for Alkomex GBN, the statement said. "His leadership will be instrumental in driving our growth as we continue to expand our footprint in the nutraceutical and functional food sectors," Alkomex CEO Alex Meneses Vega said. Agrawal will be based in Ahmedabad and will spearhead the US firm's research and strategic initiatives, it said, adding that he will guide the company's R&D efforts and integrate Indian research into Alkomex's global operations. The partnership is expected to significantly strengthen Alkomex GBN's capabilities in developing scientifically-backed nutraceuticals .

Innovation, competition, ambition: Why Indian firms must invest more in R&D

The success story of a few dozen firms could fire Indian industry to build proprietary technology and deploy it worldwide

Innovation is key: Why does India's private sector not spend more on R&D?

The one most important reason on why firms may or may not undertake R&D is not government incentives but the absence of competitive forces

FDI, R&D, manufacturing key to achieve $5 bn defence export: Study

The survey, conducted across 15 cities in India, saw participation from over 130 national and international arms, ammunition, and security equipment manufacturers, exporters, and startups

India's chip industry to face shortage of 300,000 professionals by 2027

A report by TeamLease Degree Apprenticeship showed the semiconductor industry is expected to face a shortage of 250,000-300,000 professionals by 2027 in verticals such as design, and manufacturing

FY16-23: Indian companies grew 1.2x in R&D compared to global peers

Indian firms consistently score higher on R&D disclosures as compared to global firms, said the study

67% of Indian healthcare companies form ESG boards: EY-CII report

According to the report, 21 per cent of these companies' spending in R&D was dedicated towards environmental and social activities

IPR laws facilitator, not barrier in process of research & development: FM

Intellectual property rights (IPR) laws, the policy are all being given a certain push as research and development are happening in very big scale in India now because the environment is being made conducive for that purpose, Finance Minister Nirmala Sitharaman said on Saturday. "So, we are trying to make them (IPR laws) as a facilitator, booster, and not certainly a barrier in the process of R&D. We've taken quite a few steps and I singularly thank the prime minister for this particular policy, which after a lot of consultation has come up in 2016," she said. The law is a balance of protection for those who innovate, and the commercial propositions with which patents can be of use for the society, she said at the book launch event of Justice Prathiba M Singh on Patent Law. Sharing details of the law, Sitharaman said, eight different items which have something to do with intellectual property have all been brought together under one umbrella. Everything to do with the policy ...

Aluminium makers race to cut costs through green power, captive mining

Ramp up in captive coal production could also help National Aluminium Company, known to be one of the lowest-cost producers of alumina, to register further reduction in costs

Leveraging research

India needs to push R&D expenditure

India Inc seeks tax reforms, R&D incentives in upcoming interim Budget: EY

EY said that no major tax amendments or reforms are expected in the upcoming Budget as evidenced from the previous Interim Budgets of 2009, 2014 and 2019

USOF may be enlarged and used to boost telecom equipment manufacturing

Live since October 2022, the TTDF aims to fund R&D in rural-specific communications technology applications and develop the telecom ecosystem

French major Valeo lines up expansion in Tamil Nadu, plans to hire 3,000

Valeo is committed to manufacturing excellence, setting benchmarks for quality, reliability, and technological advancement within the automotive sector

Year on year, Indian companies squeeze spending on research and development

The little money they have invested in a decade went into recurring expenses

Zen Technologies, govt of Goa sign MoU for setting up R&D facility in state

The new facility will be established at a cost of Rs 50 crore, and is expected to create employment opportunities for 800 individuals

India's research riddle

It has the highest public sector budget for research in the world as a share of GDP, but the private sector lags way behind

GenAI allows us to reimagine human experience: SAS's Bryan Harris

BRYAN HARRIS, executive vice president and chief technology officer of SAS, conversed with Ayushman Baruah about the company's plans