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New Delhi: Foreign Direct Investment (FDI) in India surged by 73 per cent last year, bringing in USD 47 billion, according to UNCTAD. The increase was “mainly due to large investments in services — including finance, IT (information technology), and R&D (Research and Development) — as well as manufacturing, supported by policies aimed at integrating…
New Delhi: The recently launched Rs 1 lakh crore Research Development and Innovation (RDI) fund, particularly focused on India’s private sector, aims to support the private research and innovation mindset among players and mitigate the financial risks associated with it. Speaking at a workshop organised by the Department of Science and Technology (DST) and…
NITI Aayog member Dr. V.K. Saraswat on Wednesday emphasised the critical need to transform India’s government-funded Research and Development (R&D) institutions into dynamic, autonomous, and mission-driven ecosystems Addressing the inaugural session of the two-day consultative meeting on reforming India’s R&D ecosystem in Dehradun, Saraswat stressed that scientific research must be unshackled from bureaucratic delays and…
New Delhi: There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies. Outlining the sector’s wish list for the upcoming Union Budget, Organisation of Pharmaceutical Producers of India (OPPI) Director…