Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
Brocade, a US based software company, and one of the leading providers of networked storage solution has opened a world class research and development facility here.
According to the report, on the MNC R&D ecosystem titled 'attrition, hiring and salary increase 2013' India currently hosts 1,031 MNC R&D centers, growing at around 4 per cent year or year, with an overall employment base of 2,44,000 growing at about 11 per cent year on year.
'With Trump, the relationship was very transactional, whereas with President Biden it is very structured.'
Notwithstanding persistent claims by the multinational chemical company that it has no plans to convert the R&D center into a manufacturing unit across the 100 acres of land it has acquired through Maharashtra Industrial Development Corporation at village Shinde, the protest by locals and activists continues.
Huawei Technologies to invest $170 million in India.
Jim Voelker, Chairman and CEO, InfoSpace, Inc said, "India's high growth and depth of technology talent make it an exciting location to expand our global research capabilities." The Bangalore centre which has close to 20 people now, will ramp up in size in due course, according to company sources. It will focus on enhancing the development and delivery of InfoSpace's consumer products and business solutions.
Patanjali Ayurved is also looking at entering the highly competitive dairy segment this year.
For existing technologies, unless appropriate financing is available, deployment at scale is difficult.
Siva Sankar looks at S P Balasubrahmanyam's fantastic repertoire.
The testing facility at Rohtak would have more than 30 different tracks covering a length of about 30 km to check the various operational aspects of a vehicle.
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