The document provides information on innovation and patents in India. Some key points:
- India's R&D spending reached an estimated USD 71.5 billion in 2016, making it the 6th largest R&D investor globally. The pharmaceutical sector is a major driver of R&D growth.
- Advantages for R&D and innovation in India include a large domestic market, policy support for sectors like biotech and pharmaceuticals, and high ratings for intellectual property protection.
- Intellectual property applications in India are trending upward, with trademarks making up the majority (over 80%) of applications. Patent and design applications are also growing steadily.
- India is emerging as a global R&
India is emerging as a major global R&D hub, with the number of MNC R&D centers in the country growing at a CAGR of 8.98% from 721 in 2010 to an estimated 1208 in 2016. R&D spending in India has also increased significantly, reaching an estimated USD71.48 billion in 2016, up from USD66.49 billion in 2015. The information technology, pharmaceuticals, and automotive sectors are major drivers of R&D growth in India. The government has also implemented supportive policies around intellectual property, education, and public-private partnerships to encourage innovation.
This document provides an overview of innovation and patents in India. It discusses India's growing investments in research and development, which increased to USD 66.49 billion in 2015 from USD 61.85 billion in 2014, making India the sixth largest R&D investor globally. The pharmaceutical sector is a major driver of R&D growth. It also outlines government policies supporting innovation and opportunities in the Indian market. Multinational corporations are increasingly establishing R&D centers in India, taking advantage of the available talent and lower costs.
The document provides an overview of innovation and patents in India. Some key points:
- India's R&D spending reached an estimated USD 71.5 billion in 2016, making it the 6th largest R&D investor globally. The pharmaceutical sector is a major driver of R&D growth.
- Advantages for R&D and innovation in India include a large and growing domestic market, supportive government policies, and increasing private sector investments in R&D.
- Intellectual property rights filings in India have grown significantly in recent years, with trademarks making up the majority of applications.
India has emerged as one of the top investors in research and development globally. R&D spending in India grew from USD61.85 billion in 2014 to USD66.49 billion in 2015, and is estimated to reach USD71.48 billion in 2016. The pharmaceutical sector is a major driver of R&D growth in India. Policy support from the government and rising demand from the growing Indian market provide advantages for innovation in India. While patents, trademarks and designs make up the majority of intellectual property applications, trademark applications account for the largest share at over 80%. Intellectual property applications in India have grown significantly in recent years.
India is emerging as a global research and development hub. In 2015, India became the sixth largest R&D investor in the world, accounting for 3.53% of global expenditure. R&D spending in India grew from USD61.85 billion in 2014 to USD66.49 billion in 2015 and is estimated to reach USD71.48 billion in 2016. The number of R&D centers operated by multinational corporations in India grew from 721 in 2010 to 928 in 2015, demonstrating the country's increasing importance as an R&D destination. Several factors contribute to India's advantage in innovation and R&D, including a large skilled workforce, strong policy support, and a growing domestic market.
India is emerging as a major player in innovation and research and development (R&D). Some key points:
- India's R&D expenditure increased to $66.49 billion in 2015, making it the sixth largest R&D investor globally. R&D spending is expected to grow significantly in coming years.
- The pharmaceutical sector is a major driver of R&D growth. Government policies support innovation through initiatives like public-private partnerships and strengthening educational infrastructure.
- Intellectual property rights applications in India are growing rapidly, with trademarks being the largest category. Private sector R&D investment is also increasing alongside various government measures to promote innovation.
The document provides an overview of the science and technology sector in India. It discusses India's large talent pool with the third largest technical manpower globally. It also outlines the country's growing investments in research and development, with R&D expenditures forecasted to increase. The policy framework and initiatives by the government to promote innovation are also summarized.
The document provides an overview of science and technology in India. Some key points:
- India has a large talent pool, with the third largest technical manpower in the world and 162 universities awarding over 4,000 doctorates annually.
- Government policies aim to promote both public and private sector involvement in research and development.
- Investments in research and development have been growing steadily, with India among the top 10 countries in the world for R&D spending.
- India is emerging as a global research and development hub, with the number of multinational company R&D centers growing significantly in recent years.
India is emerging as a major global R&D hub, with the number of MNC R&D centers in the country growing at a CAGR of 8.98% from 721 in 2010 to an estimated 1208 in 2016. R&D spending in India has also increased significantly, reaching an estimated USD71.48 billion in 2016, up from USD66.49 billion in 2015. The information technology, pharmaceuticals, and automotive sectors are major drivers of R&D growth in India. The government has also implemented supportive policies around intellectual property, education, and public-private partnerships to encourage innovation.
This document provides an overview of innovation and patents in India. It discusses India's growing investments in research and development, which increased to USD 66.49 billion in 2015 from USD 61.85 billion in 2014, making India the sixth largest R&D investor globally. The pharmaceutical sector is a major driver of R&D growth. It also outlines government policies supporting innovation and opportunities in the Indian market. Multinational corporations are increasingly establishing R&D centers in India, taking advantage of the available talent and lower costs.
The document provides an overview of innovation and patents in India. Some key points:
- India's R&D spending reached an estimated USD 71.5 billion in 2016, making it the 6th largest R&D investor globally. The pharmaceutical sector is a major driver of R&D growth.
- Advantages for R&D and innovation in India include a large and growing domestic market, supportive government policies, and increasing private sector investments in R&D.
- Intellectual property rights filings in India have grown significantly in recent years, with trademarks making up the majority of applications.
India has emerged as one of the top investors in research and development globally. R&D spending in India grew from USD61.85 billion in 2014 to USD66.49 billion in 2015, and is estimated to reach USD71.48 billion in 2016. The pharmaceutical sector is a major driver of R&D growth in India. Policy support from the government and rising demand from the growing Indian market provide advantages for innovation in India. While patents, trademarks and designs make up the majority of intellectual property applications, trademark applications account for the largest share at over 80%. Intellectual property applications in India have grown significantly in recent years.
India is emerging as a global research and development hub. In 2015, India became the sixth largest R&D investor in the world, accounting for 3.53% of global expenditure. R&D spending in India grew from USD61.85 billion in 2014 to USD66.49 billion in 2015 and is estimated to reach USD71.48 billion in 2016. The number of R&D centers operated by multinational corporations in India grew from 721 in 2010 to 928 in 2015, demonstrating the country's increasing importance as an R&D destination. Several factors contribute to India's advantage in innovation and R&D, including a large skilled workforce, strong policy support, and a growing domestic market.
India is emerging as a major player in innovation and research and development (R&D). Some key points:
- India's R&D expenditure increased to $66.49 billion in 2015, making it the sixth largest R&D investor globally. R&D spending is expected to grow significantly in coming years.
- The pharmaceutical sector is a major driver of R&D growth. Government policies support innovation through initiatives like public-private partnerships and strengthening educational infrastructure.
- Intellectual property rights applications in India are growing rapidly, with trademarks being the largest category. Private sector R&D investment is also increasing alongside various government measures to promote innovation.
The document provides an overview of the science and technology sector in India. It discusses India's large talent pool with the third largest technical manpower globally. It also outlines the country's growing investments in research and development, with R&D expenditures forecasted to increase. The policy framework and initiatives by the government to promote innovation are also summarized.
The document provides an overview of science and technology in India. Some key points:
- India has a large talent pool, with the third largest technical manpower in the world and 162 universities awarding over 4,000 doctorates annually.
- Government policies aim to promote both public and private sector involvement in research and development.
- Investments in research and development have been growing steadily, with India among the top 10 countries in the world for R&D spending.
- India is emerging as a global research and development hub, with the number of multinational company R&D centers growing significantly in recent years.
The document provides an overview of the biotechnology industry in India. It discusses key milestones in the development of the industry, current market trends, growth drivers and opportunities. Some of the major strategies adopted by the industry include partnerships between Indian and global players to expand product portfolios and reach, as well as public-private partnerships to promote innovation and research. The biopharma segment currently accounts for the largest share of the industry, and the market is expected to continue growing significantly in the coming years.
- India has a large consumer base and talent pool that is driving growth in its science and technology sector. It has the third largest scientific and technical manpower in the world.
- Policy support from the government and rising investments are helping to position India as a major player in science and technology. R&D spending and investments have been growing rapidly.
- Key sectors like pharmaceuticals are driving R&D growth in India. The country is now the sixth largest investor in R&D globally.
The document provides an overview of science and technology in India. It notes that India has the third largest technical manpower pool globally and 162 universities awarding over 4,000 doctorates and 35,000 postgraduate degrees annually. Government policies aim to promote both public and private sector involvement in research and development. India's share of global scientific publications is rising at 12% annually and R&D investments have been growing steadily, positioning the country as a key global hub for research.
The document provides an overview of the IT & ITeS sector in India. Some key points:
- The size of the Indian IT-BPM sector grew from US$ 74 billion in FY10 to US$ 167 billion in FY18 and is estimated to reach US$ 350 billion by 2025.
- India has emerged as a preferred destination for outsourcing, with over 55% of the global services sourcing market share in FY18. It also accounts for 38% of the global BPM sourcing market.
- The computer software and hardware sector attracted $32.23 billion in FDI between April 2000-June 2018, making it one of the most lucrative sectors for investment in
India's spending on research and development is growing rapidly and helping the country emerge as a global innovation hub. R&D spending in India grew from US$62 billion in 2014 to an estimated US$77 billion in 2017, making India one of the top 10 countries in terms of R&D investment. India also has a large talent pool for R&D, with over 3 million science and engineering graduates annually and 162 universities awarding over 35,000 postgraduate degrees each year. The government is also supporting R&D growth through various policies and initiatives such as setting up of innovation centers and increasing funding for research. With rising investments from multinational companies and growing domestic spending, India's R&D sector is expected to
The document discusses recent trends in India's IT & ITeS sector. It notes that India has a large global delivery model with over 670 global delivery centers across 78 countries. India has a 56% market share in global services sourcing and a 38% share of the BPM sourcing market, making it a leading sourcing destination worldwide. The IT & ITeS sector also attracts significant foreign investment, ranking 4th in India's total FDI and accounting for 37% of private equity investments in the country.
The IT & ITeS sector in India has grown significantly over the past decade. Some key points:
- The size of the Indian IT & ITeS sector was estimated to be US$ 155 billion in FY17, growing at a CAGR of 11.14% from 2009-10.
- India has emerged as a global sourcing leader, accounting for 55% of the global services sourcing market in 2016-17.
- The IT & ITeS sector contributes around 7.7% to India's GDP and employs nearly 3.9 million people.
The IT & ITeS sector in India is growing rapidly and is expected to reach $350 billion by 2025. India has become a global leader in IT & ITes exports, accounting for approximately 55% of the global sourcing market. The country has a large talent pool of technical graduates and is a preferred destination for outsourcing. The IT & ITeS industry contributes significantly to India's GDP and is one of the largest job creators in the country.
The IT & ITeS sector in India has grown significantly over the past decade. Some key points:
- The size of the Indian IT-BPM industry was estimated at US$ 154 billion in FY17 and is projected to reach US$ 350 billion by 2025.
- India has a large talent pool that allows it to be one of the leading destinations for outsourcing. The sector employs around 3.9 million people.
- Exports are a major part of the industry, estimated at US$ 117 billion in FY17. The key export segments are IT services and BPM.
- The IT-BPM sector in India has expanded at a CAGR of 11.14% from 2010-2017, reaching US$ 155 billion in FY2017. It is estimated to reach US$ 350 billion by 2025.
- India has approximately 55% of the global sourcing market share and 38% of the overall BPM sourcing market, making it a leading destination for outsourcing.
- The IT sector contributes around 7.7% to India's GDP and employs nearly 3.9 million people. It is one of the largest sectors for FDI and fuels growth of startups in India.
The document provides an overview of India's IT & ITeS sector. Some key points:
- India's IT industry grew at a CAGR of 10.71% from 2010-2018 and is estimated to reach $350 billion by 2025, making it a strong growth opportunity.
- India is the leading global sourcing destination, accounting for 55% of the $185-190 billion global services market in 2017-18.
- The sector employs nearly 4 million people in India and added over 105,000 jobs in 2018.
The IT & ITeS sector in India has grown significantly over the past decade. It expanded at a CAGR of 10.71% from $74 billion in FY10 to $167 billion in FY18. India has emerged as the leading destination for outsourcing, accounting for 55% of the global services sourcing market. The country's large talent pool of technical graduates supports the growth of the sector. The IT industry employs nearly 4 million people and contributes around 7.7% to India's GDP. Exports from the sector have also grown substantially, increasing at a CAGR of 12.26% between FY09-18.
The IT & ITeS industry in India has seen strong growth and is poised for further expansion. Some of the key points from the document are:
- The Indian IT-BPM sector expanded at a CAGR of 10.71% from 2010-2018 to reach US$ 167 billion, and is estimated to reach US$ 350 billion by 2025.
- India has a 55% share of the global services sourcing market and 38% share of the overall BPM sourcing market, making it the leading destination for outsourcing.
- The sector contributes around 7.7% to India's GDP and employs nearly 4 million people. Exports are projected to grow 7-8%
The IT-BPM sector in India has grown significantly over the past decade. It expanded at a CAGR of 10.71% between FY10-FY18 to reach a size of US$ 167 billion. India has become the leading destination for IT and BPM services globally, accounting for 55% of the global sourcing market. Some key factors that have driven this growth include India's large talent pool in technical skills, low costs compared to other countries, and strong focus on exports. The IT industry is expected to continue growing and contribute significantly to India's GDP, employing millions of professionals.
The document provides an overview of India's IT & ITeS sector. It highlights that the sector has grown at a CAGR of 13.7% over 2010-2016, outpacing global growth. India is a leading sourcing destination globally, accounting for 56% of the global services outsourcing market. The sector contributes significantly to India's GDP and exports. It is also the largest private sector employer and most attractive sector for foreign investment. Emerging technologies are further driving growth opportunities in the industry.
The document discusses key trends in India's IT & ITeS sector:
1. India maintains a leading position as a global sourcing hub with 56% of the market share and 670 global delivery centers across 78 countries.
2. Large players are gaining an advantage by expanding from simple maintenance to full service offerings including infrastructure and consulting.
3. New technologies like cloud, analytics, and social media are providing new growth avenues for IT companies, with the SMAC market expected to reach $225 billion by 2020.
The document summarizes India's science and technology sector. It notes that India has a large consumer base and talent pool that support R&D growth. India's R&D spending has increased significantly in recent years, making it one of the largest R&D investors globally. The pharmaceutical industry is a major driver of R&D growth. Government policies aim to promote public and private sector involvement in research.
The document provides an overview of India's science and technology sector. It notes that India has a large consumer base and talent pool that is driving demand for innovative products and R&D investments. Some key points:
- India has the 3rd largest scientific workforce globally and is emerging as a top R&D investor.
- R&D spending in India is growing rapidly and was estimated at $77 billion in 2017.
- The pharmaceutical sector is a major driver of R&D growth and global companies are establishing numerous R&D centers in India.
- Government policies aim to promote India as an S&T leader and encourage both public and private sector R&D.
The document summarizes India's science, technology and research landscape. It notes that India has a large consumer base and talent pool that support its growing investments in research and development (R&D). India's R&D spending has increased significantly in recent years and it now ranks among the top six countries globally in annual R&D spending. The pharmaceutical industry is a major driver of R&D growth in India. Government policies aim to further promote public and private sector involvement in research.
The document discusses innovation and patents in India. It notes that India's R&D spending is estimated to reach USD 71.5 billion by 2016, making India the 6th largest R&D investor globally. The pharmaceutical sector is a major driver of R&D growth. Policy support from the government and rising domestic demand are advantages for innovation in India. There has been strong growth in R&D investments and intellectual property applications over the years.
India is emerging as a major player in innovation and research and development (R&D). Some key points:
- India's R&D expenditure increased to $66.49 billion in 2015, making it the sixth largest R&D investor globally. R&D spending is expected to grow to $71.48 billion by 2016.
- The pharmaceutical sector is a major driver of R&D growth. India also has vast opportunities for R&D in sectors like IT, biotechnology, automobiles and agriculture.
- Government policies support innovation through initiatives like public-private partnerships, strengthening education infrastructure, and making patent laws compliant with international standards. Private sector R&D investment is growing rapidly.
- India has a large consumer base and talent pool that is driving growth in its science and technology sector. It has the third largest scientific and technical manpower in the world.
- Policy support from the government and rising investments are helping to position India as a major player in science and technology. R&D spending and investments have been growing rapidly.
- Key sectors like pharmaceuticals are driving R&D growth in India. The country is now the sixth largest investor in R&D globally.
The document provides an overview of the biotechnology industry in India. It discusses key milestones in the development of the industry, current market trends, growth drivers and opportunities. Some of the major strategies adopted by the industry include partnerships between Indian and global players to expand product portfolios and reach, as well as public-private partnerships to promote innovation and research. The biopharma segment currently accounts for the largest share of the industry, and the market is expected to continue growing significantly in the coming years.
- India has a large consumer base and talent pool that is driving growth in its science and technology sector. It has the third largest scientific and technical manpower in the world.
- Policy support from the government and rising investments are helping to position India as a major player in science and technology. R&D spending and investments have been growing rapidly.
- Key sectors like pharmaceuticals are driving R&D growth in India. The country is now the sixth largest investor in R&D globally.
The document provides an overview of science and technology in India. It notes that India has the third largest technical manpower pool globally and 162 universities awarding over 4,000 doctorates and 35,000 postgraduate degrees annually. Government policies aim to promote both public and private sector involvement in research and development. India's share of global scientific publications is rising at 12% annually and R&D investments have been growing steadily, positioning the country as a key global hub for research.
The document provides an overview of the IT & ITeS sector in India. Some key points:
- The size of the Indian IT-BPM sector grew from US$ 74 billion in FY10 to US$ 167 billion in FY18 and is estimated to reach US$ 350 billion by 2025.
- India has emerged as a preferred destination for outsourcing, with over 55% of the global services sourcing market share in FY18. It also accounts for 38% of the global BPM sourcing market.
- The computer software and hardware sector attracted $32.23 billion in FDI between April 2000-June 2018, making it one of the most lucrative sectors for investment in
India's spending on research and development is growing rapidly and helping the country emerge as a global innovation hub. R&D spending in India grew from US$62 billion in 2014 to an estimated US$77 billion in 2017, making India one of the top 10 countries in terms of R&D investment. India also has a large talent pool for R&D, with over 3 million science and engineering graduates annually and 162 universities awarding over 35,000 postgraduate degrees each year. The government is also supporting R&D growth through various policies and initiatives such as setting up of innovation centers and increasing funding for research. With rising investments from multinational companies and growing domestic spending, India's R&D sector is expected to
The document discusses recent trends in India's IT & ITeS sector. It notes that India has a large global delivery model with over 670 global delivery centers across 78 countries. India has a 56% market share in global services sourcing and a 38% share of the BPM sourcing market, making it a leading sourcing destination worldwide. The IT & ITeS sector also attracts significant foreign investment, ranking 4th in India's total FDI and accounting for 37% of private equity investments in the country.
The IT & ITeS sector in India has grown significantly over the past decade. Some key points:
- The size of the Indian IT & ITeS sector was estimated to be US$ 155 billion in FY17, growing at a CAGR of 11.14% from 2009-10.
- India has emerged as a global sourcing leader, accounting for 55% of the global services sourcing market in 2016-17.
- The IT & ITeS sector contributes around 7.7% to India's GDP and employs nearly 3.9 million people.
The IT & ITeS sector in India is growing rapidly and is expected to reach $350 billion by 2025. India has become a global leader in IT & ITes exports, accounting for approximately 55% of the global sourcing market. The country has a large talent pool of technical graduates and is a preferred destination for outsourcing. The IT & ITeS industry contributes significantly to India's GDP and is one of the largest job creators in the country.
The IT & ITeS sector in India has grown significantly over the past decade. Some key points:
- The size of the Indian IT-BPM industry was estimated at US$ 154 billion in FY17 and is projected to reach US$ 350 billion by 2025.
- India has a large talent pool that allows it to be one of the leading destinations for outsourcing. The sector employs around 3.9 million people.
- Exports are a major part of the industry, estimated at US$ 117 billion in FY17. The key export segments are IT services and BPM.
- The IT-BPM sector in India has expanded at a CAGR of 11.14% from 2010-2017, reaching US$ 155 billion in FY2017. It is estimated to reach US$ 350 billion by 2025.
- India has approximately 55% of the global sourcing market share and 38% of the overall BPM sourcing market, making it a leading destination for outsourcing.
- The IT sector contributes around 7.7% to India's GDP and employs nearly 3.9 million people. It is one of the largest sectors for FDI and fuels growth of startups in India.
The document provides an overview of India's IT & ITeS sector. Some key points:
- India's IT industry grew at a CAGR of 10.71% from 2010-2018 and is estimated to reach $350 billion by 2025, making it a strong growth opportunity.
- India is the leading global sourcing destination, accounting for 55% of the $185-190 billion global services market in 2017-18.
- The sector employs nearly 4 million people in India and added over 105,000 jobs in 2018.
The IT & ITeS sector in India has grown significantly over the past decade. It expanded at a CAGR of 10.71% from $74 billion in FY10 to $167 billion in FY18. India has emerged as the leading destination for outsourcing, accounting for 55% of the global services sourcing market. The country's large talent pool of technical graduates supports the growth of the sector. The IT industry employs nearly 4 million people and contributes around 7.7% to India's GDP. Exports from the sector have also grown substantially, increasing at a CAGR of 12.26% between FY09-18.
The IT & ITeS industry in India has seen strong growth and is poised for further expansion. Some of the key points from the document are:
- The Indian IT-BPM sector expanded at a CAGR of 10.71% from 2010-2018 to reach US$ 167 billion, and is estimated to reach US$ 350 billion by 2025.
- India has a 55% share of the global services sourcing market and 38% share of the overall BPM sourcing market, making it the leading destination for outsourcing.
- The sector contributes around 7.7% to India's GDP and employs nearly 4 million people. Exports are projected to grow 7-8%
The IT-BPM sector in India has grown significantly over the past decade. It expanded at a CAGR of 10.71% between FY10-FY18 to reach a size of US$ 167 billion. India has become the leading destination for IT and BPM services globally, accounting for 55% of the global sourcing market. Some key factors that have driven this growth include India's large talent pool in technical skills, low costs compared to other countries, and strong focus on exports. The IT industry is expected to continue growing and contribute significantly to India's GDP, employing millions of professionals.
The document provides an overview of India's IT & ITeS sector. It highlights that the sector has grown at a CAGR of 13.7% over 2010-2016, outpacing global growth. India is a leading sourcing destination globally, accounting for 56% of the global services outsourcing market. The sector contributes significantly to India's GDP and exports. It is also the largest private sector employer and most attractive sector for foreign investment. Emerging technologies are further driving growth opportunities in the industry.
The document discusses key trends in India's IT & ITeS sector:
1. India maintains a leading position as a global sourcing hub with 56% of the market share and 670 global delivery centers across 78 countries.
2. Large players are gaining an advantage by expanding from simple maintenance to full service offerings including infrastructure and consulting.
3. New technologies like cloud, analytics, and social media are providing new growth avenues for IT companies, with the SMAC market expected to reach $225 billion by 2020.
The document summarizes India's science and technology sector. It notes that India has a large consumer base and talent pool that support R&D growth. India's R&D spending has increased significantly in recent years, making it one of the largest R&D investors globally. The pharmaceutical industry is a major driver of R&D growth. Government policies aim to promote public and private sector involvement in research.
The document provides an overview of India's science and technology sector. It notes that India has a large consumer base and talent pool that is driving demand for innovative products and R&D investments. Some key points:
- India has the 3rd largest scientific workforce globally and is emerging as a top R&D investor.
- R&D spending in India is growing rapidly and was estimated at $77 billion in 2017.
- The pharmaceutical sector is a major driver of R&D growth and global companies are establishing numerous R&D centers in India.
- Government policies aim to promote India as an S&T leader and encourage both public and private sector R&D.
The document summarizes India's science, technology and research landscape. It notes that India has a large consumer base and talent pool that support its growing investments in research and development (R&D). India's R&D spending has increased significantly in recent years and it now ranks among the top six countries globally in annual R&D spending. The pharmaceutical industry is a major driver of R&D growth in India. Government policies aim to further promote public and private sector involvement in research.
The document discusses innovation and patents in India. It notes that India's R&D spending is estimated to reach USD 71.5 billion by 2016, making India the 6th largest R&D investor globally. The pharmaceutical sector is a major driver of R&D growth. Policy support from the government and rising domestic demand are advantages for innovation in India. There has been strong growth in R&D investments and intellectual property applications over the years.
India is emerging as a major player in innovation and research and development (R&D). Some key points:
- India's R&D expenditure increased to $66.49 billion in 2015, making it the sixth largest R&D investor globally. R&D spending is expected to grow to $71.48 billion by 2016.
- The pharmaceutical sector is a major driver of R&D growth. India also has vast opportunities for R&D in sectors like IT, biotechnology, automobiles and agriculture.
- Government policies support innovation through initiatives like public-private partnerships, strengthening education infrastructure, and making patent laws compliant with international standards. Private sector R&D investment is growing rapidly.
- India has a large consumer base and talent pool that is driving growth in its science and technology sector. It has the third largest scientific and technical manpower in the world.
- Policy support from the government and rising investments are helping to position India as a major player in science and technology. R&D spending and investments have been growing rapidly.
- Key sectors like pharmaceuticals are driving R&D growth in India. The country is now the sixth largest investor in R&D globally.
The document provides an overview of science and technology in India. It notes that India has the 3rd largest technical manpower in the world and awards over 4,000 doctorates and 35,000 postgraduate degrees annually. Government policies aim to promote India as an S&T leader through public and private sector involvement in research. Rising investments from multinational companies establishing R&D centers in India are driving growth in the sector. The large consumer base and demand for innovative products also presents opportunities for companies.
The document provides an overview of the science and technology sector in India. Some key points:
- India has the third largest technical workforce globally and ranks 8th in the world for graduating students in science and engineering.
- Government policies aim to promote public and private sector R&D. Budget 2017-18 allocated USD597.46 million to the Department of Science and Technology.
- India presents opportunities for companies due to its large consumer base and demand for innovative products that meet local needs. Investments in India's science and technology sector have been growing.
- India has a large talent pool in science and technology, with the 3rd largest technical manpower in the world and 162 universities awarding thousands of doctorates and postgraduate degrees annually.
- R&D investments in India have grown substantially in recent years, reaching over US$72 billion in 2016, and are estimated to reach US$77 billion by 2017.
- The Indian government has implemented various policies and initiatives to promote science, technology and innovation through public and private sector investments and partnerships.
- India has a large consumer base and talent pool that is driving growth in its science and technology sector. The government is also supporting this sector through various policies and initiatives.
- R&D investments and spending in India have grown significantly in recent years and India is now among the top countries globally in terms of R&D investments. It has the third largest pool of scientific talent in the world.
- Emerging areas such as pharmaceuticals are major growth drivers for R&D in India. The country is also attracting more overseas investments and multinational companies are setting up R&D centers in India, positioning it as a global R&D hub.
The document provides an overview of the science and technology sector in India. Some key points:
- India has a large talent pool in science and technology with the third largest technical manpower globally and many universities awarding advanced degrees.
- Government policies aim to promote public and private sector involvement in research and development.
- The sector has seen rising investments in recent years as more multinational companies set up R&D centers in India.
- Under the 2018-19 budget, the Department of Space was allocated over $1.6 billion, including $1.02 billion for R&D in spacecraft and launch vehicles.
The document provides an overview of the science and technology sector in India. Some key points:
- India has a large talent pool in science and technology with the third largest technical manpower in the world. It also has many universities awarding advanced degrees.
- Government policies aim to promote both public and private sector involvement in research and development. Investments in R&D from both domestic and multinational companies have been growing.
- The large consumer base and demand for innovative products provides opportunities for the science and technology sector in India.
The document provides an overview of the science and technology sector in India. Some key points:
- India has a large talent pool in science and technology with 162 universities awarding over 4,000 doctorates and 35,000 postgraduate degrees annually.
- R&D investments in India have been growing steadily, forecasted to reach $83.27 billion in 2018. Many multinational companies are establishing R&D centers in India.
- Government policies aim to promote both public and private sector involvement in research and development. Recent initiatives include programs to support startups and encourage innovation.
The document provides an overview of the science and technology sector in India. Some key points:
- India has a large talent pool in science and technology with 162 universities awarding over 4,000 doctorates and 35,000 postgraduate degrees annually.
- R&D investments in India have been growing steadily, forecasted to reach $83.27 billion in 2018. Many multinational companies are establishing R&D centers in India.
- Policy initiatives like the Science, Technology and Innovation Policy 2013 aim to promote synergies between science, technology and innovation in both public and private sectors.
- Emerging areas like biotechnology, engineering services, software and telecom are attracting significant R&
India is emerging as a major player in science, research and development:
- India ranks among the top 6 countries globally in terms of R&D investments, which are expected to reach US$77 billion in 2017.
- India has a large talent pool with the 3rd largest scientific workforce globally and 162 universities awarding over 39,000 postgraduate degrees annually.
- Patent filings in India have grown significantly, increasing by over 50% between 2006-07 and 2015-16, demonstrating increasing innovation.
The document provides an overview of the biotechnology industry in India. It discusses key milestones in the development of the industry, current market trends, growth drivers and opportunities. Some of the major strategies adopted by the industry include partnerships between Indian and global players to expand product portfolios and reach, as well as public-private partnerships to promote research and development. The biopharma segment currently accounts for the largest share of the industry, and the market is expected to continue growing significantly in the coming years.
The document provides an overview of India's IT & ITeS sector. Some key points:
- The sector is growing rapidly, with revenues estimated to reach $160 billion in FY2016 and projected to reach $350 billion by FY2025.
- India has become a leading global sourcing destination, accounting for around 56% of the global services sourcing market.
- The IT & ITeS sector employs over 3 million people directly and over 10 million indirectly and supports thousands of startups.
- Key segments of the sector include IT services, business process management, software products & engineering services, and hardware. IT services account for the largest share.
- Exports are the major driver of
The document provides an overview of the science and technology sector in India. It discusses India's large talent pool with the third largest technical manpower in the world. It also highlights the country's growing investments in research and development, with R&D expenditures forecasted to increase. Additionally, the document outlines key organizations supporting science and technology in India like the Council of Scientific and Industrial Research and Defence Research and Development Organisation.
The document provides an overview of the science and technology sector in India. It discusses India's large talent pool with the third largest technical manpower globally and 162 universities awarding thousands of doctorates and postgraduate degrees annually. It also outlines the country's growing investments in research and development, with R&D spending forecasted to increase. Additionally, the document highlights India's evolving policy framework and initiatives to promote innovation and position the country as a global science and technology leader.
Patent Portfolio of Major Indian IT Companies 2010 - ReportInnomantra
The purpose of the study was to analyze the importance given by selected major Indian IT
firms to innovation based on their Patent portfolio as a measure. Analysis of the Patenting
activity provides an insight into current trends in intellectual property generation apart
from providing an account of innovation and technological development taking place in the
Information Technology sector. The study summarizes results of the research that was
conducted on HCL Technologies Limited, Infosys Technologies Limited, Mahindra Satyam ,
Tata Consultancy Services Limited and Wipro Limited.
This report covers filing trends of the above mentioned companies along with status of
Patents, International Patent Classification and Priority Date. The study also provides the
filing trends and status with the field of engineering to which they belong, along with details
of all Patents filed by these companies since their inception.
Our research suggests that after a moderate retrenchment in the years 2008-2009, the IT
industry in India is recommitted to pursue innovation. The fact that the said companies
consider innovation to be one of their key assets and are committed to boost their spending
on Research & Development and innovation is evident from the increase in number of Patents
that have been filed by these companies in US Patent Office, European Patent Office and
Intellectual Property Office India. The study details the challenges associated with software
Patenting in India and postulates that despite the restrictions of obtaining a software Patent
per se in India, the IT industry is taking a prominent stand on generating and protecting
Intellectual Property in India and abroad.
Since the year 2000, awareness about Innovation and Intellectual Property Management
has been on the rise in the IT industry. It is evident from the Patent filing statistics of the
Intellectual Property Office India that the number of Patent filings in the field of computer
science has been on the rise since 2004. Across the world, a large number of organizations
are considering innovation as top priority, and consequently raising the investment on
innovation. In this study, the trends indicate that innovation has been geared towards minor
improvements to existing products and services as against innovation targeting newer
products. However, the companies are broadening types of innovation functions they are
targeting. The emphasis on product development and idea generation is increasing.
The document provides an overview of science and technology in India. Some key points:
- India has a large talent pool, with the 3rd largest technical workforce globally. Government policies aim to promote public and private sector R&D.
- Investments in R&D have been growing, with the government allocating over $597 million USD in the 2017-18 budget for the Department of Science and Technology.
- India presents opportunities for companies due to its large consumer base and demand for technologically advanced products. The growing middle class is driving demand.
This document provides an overview of science and technology in India. It discusses India's advantages in the sector including a large talent pool, growing demand, rising investments, and policy support. The document outlines India's strong network of science and technology institutions and trained manpower. It also discusses the country's increasing investments in research and development, rising patent applications, and policies aimed at promoting India as an S&T leader. Local demand from India's growing economy and middle class is attracting more investments from multinational companies to set up R&D centers in India.
The document provides an overview of the science and technology sector in India. It discusses India's large talent pool with the third largest technical manpower globally. It also outlines the country's growing investments in research and development, with India emerging as a top destination for global R&D. Further, it highlights the role of various government organizations and initiatives in promoting innovation and strengthening India's position in science and technology.
Similar to Innovation and Patents Sector Report June 2017 (20)
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. 11JUNE 2017
INNOVATION AND PATENTS
For updated information, please visit www.ibef.orgJUNE 2017 (As of 9 June 2017)
2. 22JUNE 2017 For updated information, please visit www.ibef.org
❖ Executive Summary………….…….………….3
❖ Advantage India…………………….…………4
❖ Market Overview and Trends……….………..6
❖ Porter’s Five Forces Analysis …………...…27
❖ Strategies Adopted…………………….…….30
❖ Growth Drivers………………………………..33
❖ Opportunities………………………………….41
❖ Success Stories………………………………45
❖ Useful Information……………………..…….51
INNOVATION AND PATENTS
JUNE 2017
3. 33JUNE 2017 For updated information, please visit www.ibef.org
EXECUTIVE SUMMARY
Source: Reserve Bank of India, R&D Magazine, International Monetary Fund, World Bank,
CIA Fact Book, OECD, TechSci Research
Note: R&D - Research and Development;
Figures mentioned are as per latest data available
INNOVATION AND PATENTS
Sixth-largest R&D
investor
• India's R&D spend is estimated to reach USD71.5 billion by 2016 from USD66.49 billion in
2015.
• In 2015, India became the world’s 6th largest annual R&D spending country, accounting for
3.53 per cent of global R&D expenditure
• R&D spending in India is anticipated to grow from 0.9 per cent to 2.4 per cent of the
country’s GDP from 2014 to 2034 respectively
Pharma sector driving
R&D growth
• India’s pharmaceutical industry, which accounts for about 1.4 per cent of the global
pharmaceutical industry in value terms & 10 per cent in volume terms, is expected to remain
a major R&D growth driver
Rapidly growing
overseas investment
• Cumulative overseas direct investments by India grew at a CAGR of 38.78 per cent, during
FY08-16, reaching USD289 billion during FY16 from USD21 billion in FY08, global car
makers are also looking to move their R&D investments in India
5. 55JUNE 2017
Growing demand
For updated information, please visit www.ibef.org
ADVANTAGE INDIA
Source: R&D spending estimate by Battelle and R&D Magazine, TechSci Research
Notes: F - Forecast, E – Estimated, IPR - Intellectual Property Rights, CoE - Center of Excellence, PPP - Public Private Partnership, TRIPS - Trade Related Aspects
of Intellectual Property Rights, NMITLI - New Millennium Indian Technology Leadership Initiative, NIC - National Innovation Council;
Figures mentioned are as per latest data available
Robust demand
• Indian companies’ investments in
R&D is not surprising given the
importance of innovation to
sustain competition
• Indian players are set to benefit
from expiration of patents
Attractive opportunities
• Apple has submitted 5 applications
with the Indian Patent Office in 2016,
for innovations related to digital
payments. Facebook is also looking
to tap into the mobile wallet market of
the country.
• India is the top exporter of IT products
& has the 3rd largest pharma sector &
a fast growing contract research
segment
Policy support
• PPP for promoting exchange of
scientific knowledge & R&D
• Strengthening educational
infrastructure
• Amendments to the Patents Act
(1970) to make it TRIPS-compliant
• Setting up of NIC in 2010
• Adoption of Science, Technology
& Innovation Policy 2013
High ratings
• Establishment of CoEs in various
areas; NMITLI initiative on PPP basis
• During 2015-16, increase in
Intellectual Property Rights (IPR)
applications witnessed at a CAGR of
26.9 per cent, with the number
increasing from 262638 to 340000
2015E
R&D
spending:
USD66.49
billion
2016F
R&D
spending:
USD71.48
billion
Advantage
India
INNOVATION AND PATENTS
7. 77JUNE 2017 For updated information, please visit www.ibef.org
EVOLUTION OF INNOVATION AND R&D IN INDIA
Source: Zinnov, Korn/Ferry International, Asia-Pacific Research Center, Stanford University, TechSci Research
Notes: TRIPS - Trade Related Aspects of Intellectual Property Rights, WTO - World Trade Organisation
INNOVATION AND PATENTS
• Indian Patents & Designs
Act (1911)
• Dependence on bulk
imports
• Establishment of CSIR,
DRDO, ICAR, ISRO &
IITs
• Patents Act (1970)
• Recognition of
process patents
only
• Restricted foreign
ownership in Indian
companies
• Focus on ‘reverse
engineering’ among
pharmaceutical
companies
• TRIPS under WTO
(1995)
• Amendments to the
Patents Act (1970) to
make it TRIPS compliant
• Reintroduction of product
patents
• Reduction in tariff & non-
tariff measures
• Easing FDI norms
• Shifting focus in pharma
towards clinical research
& new drug development
Before 1970
Introductory Stage
1970 to early 1990s
Indigenization
Stage
Early 1990s to 2005
liberalisation &
Transition Era
2005 onwards
Growth Era
• Augmentation of network of centrally-funded
institutions and universities
• Increase in R&D & exports in sectors such
as IT, pharma, electronics & automobiles
• Innovations in automobiles such as Nano,
the world’s least expensive car
• Numerous innovations from rural India
• Setting up of National Innovation Council
• Adoption of Science, Technology &
Innovation Policy 2013
• In FY16, 46,904 patents were filed in the
country, of which 6,326 were granted
• During April 2000 to March 2017, total
cumulative FDI inflows in the country stood
at USD332.11 billion
8. 88JUNE 2017 For updated information, please visit www.ibef.org
FORMS OF INTELLECTUAL PROPERTY
Source: Department of Industrial Policy
and Promotion, TechSci Research
INNOVATION AND PATENTS
Intellectual
Property (IP)
Patents
Trademarks
Geographical
Indications
Industrial
Designs
Layout
Designs
Plant Variety
Protection
Copyright
9. 99JUNE 2017
37
51
46
60
71
77
109
167
396
514
Brazil
Russia
United Kingdom
France
India
Souht Korea
Germany
Japan
China
United States
For updated information, please visit www.ibef.org
INDIA AMONG THE WORLD’S LEADING R&D INVESTORS
INNOVATION AND PATENTS
Source: Nature Magazine, Battelle, TechSci Research
Notes: GERD - Gross Domestic Expenditure on R&D,
R&D - Research and Development; 1 - Data is for May 2015;
Expected expenditure of world’s leading R&D
investors in 2016 (USD billion)India’s R&D investments increased to USD71.48
billion in 2016 from USD66.49 billion in 2015.
R&D investments has helped Indian companies to
overcome tight competition with affordable products
internationally
10. 1010JUNE 2017
61.85
66.49
71.48
2014 2015E 2016F
For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
Source: R&D Magazine, International Monetary Fund, World Bank, CIA Fact Book,
OECD, Department of Science and Technology, TechSci Research
Notes: CAGR - Compound Annual Growth Rate, PPP - Purchasing Power Parity,
R&D – Research & Development, E – Expected, F – Forecast
R&D spending in India (USD Billion)India’s share of global R&D spending rose to 3.53 per cent in
2015 from 3.43 per cent in 2014 & is forecast to be at 3.67 per
cent in 2016
As of March 2017, World Intellectual Property Organization
(WIPO) stated that India is emerging as a leader in frugal &
demand driven innovation among various countries across the
globe.
In May 2017, the central government introduced various
startup intellectual property protection schemes to ease patent
filing for startups & promote awareness & adoption of IP
rights. Moreover, under these schemes, the central
government bears the fees of the facilitators for patents,
trademarks or designs that a startup may file. Startups only
have to bear the cost of the statutory fees.
STRONG GROWTH IN R&D INVESTMENTS IN INDIA OVER THE YEARS
11. 1111JUNE 2017 For updated information, please visit www.ibef.org
INDIA HAS BEEN EXPANDING ITS INVESTMENT HORIZON ABROAD
INNOVATION AND PATENTS
Source: Reserve Bank of India, Department Of Industrial Policy &
Promotion (DIPP), TechSci Research
Cumulative overseas direct investment
(USD billion)
Cumulative overseas direct investments increased to
USD332.11 billion in FY17 from USD21 billion in FY08,
leading to significant amount of technology transfer through
industrial acquisitions
For instance, Lupin’s total number of patent filing reached
2,525 in FY16 up from 600 in FY08. In FY16, the company
filed 57 formulation patents, 75 API (Active Pharmaceutical
Ingredient) & 33 in the field of biotech.
Indian inventors contributed 658 patents to IBM, to help
global software giant top the list for US patent recipients in
2016. IBM filed a total of 8,088 US patents, followed by
Samsung Electronics in the 2nd position, with 5,518 patents. 21
38
56
100
125
146
183
249
289
332
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17
12. 1212JUNE 2017 For updated information, please visit www.ibef.org
TRADEMARK APPLICATION ACCOUNT FOR MAJOR SHARE OF IPR APPLICATIONS
INNOVATION AND PATENTS
Source: Department of Industrial Policy and Promotion, Intellectual Property India
Report 2015-16, (up to
Dec., 2015) TechSci Research
Note: Figures mentioned are as per latest data available
Break-up of Intellectual Property Rights (IPR)
applications (FY16)
During FY2015-16, the total number of Intellectual Property
Rights (IPR) stood at 251,420
Trademark applications accounted for the largest share of
82.70 per cent, with the total number of applications
standing at 285000 in FY16
Patent & design applications accounted for 14.10 per cent
(35,447 applications) & 3.20 per cent (8035) share,
respectively.
The twin states of Telangana & Andhra Pradesh topped the
list of Indian states for filing patents. According to
Intellectual Property India Report, 2015, Andhra Pradesh
recorded 532 patents while, Telangana recorded 459 patent
applications, witnessing an increase of 25 per cent over the
previous year.
82.70%
14.10%
3.20%
0.01% Trade Mark
Patent
Design
Geographical
Indications
13. 1313JUNE 2017 For updated information, please visit www.ibef.org
IPR APPLICATIONS TRENDING NORTH
Source: Department of Industrial Policy and Promotion, Intellectual Property India Annual Report 2015-16, TechSci Research
Note: Figures mentioned are as per latest data available* (up to Dec., 2015)
Intellectual Property (IP) applications (‘000)
During FY08–16, increase in Intellectual Property Rights (IPR) applications was witnessed at a CAGR of 9.49 per cent, with the
number of applications increasing from 262590 in FY08 to 341087 in FY16.
During FY08-16, the total number of trademark applications increased at a CAGR of 10.92 per cent & reached to 283,060 by the
end of FY16
Patent & design applications rose at a CAGR of 3.65 per cent & 7.13 per cent respectively, during the same period
Growing IP application activity indicates increased in-house R&D & innovation in India
INNOVATION AND PATENTS35.218
36.812
34.287
39.4
43.197
43.674
42.95
42.763
46.904
6.402
6.557
6.092
7.589
8.373
8.337
8.533
9.327
11.108
123.514
130.172
141.943
179.317
183.588
194.216
200.005
210.501
283.06
0.037
0.044
0.04
0.027
0.148
0.024
0.075
0.047
0.015
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Patents Designs Trade Marks Geographical Indications
14. 1414JUNE 2017 For updated information, please visit www.ibef.org
INDIA IS FAST EMERGING AS A GLOBAL R&D HUB … (1/2)
Source: Zinnov Consulting - Crossing the value chasm, TechSci Research
Notes: CAGR - Compound Annual Growth Rate,
MNC – Multinational Corporations
R&D - Research and Development, E – Estimate, F – Forecast
MNC with R&D centers in India
INNOVATION AND PATENTS
CAGR: 4.57%
MNC R&D centers workforce in India
(in 000’)
CAGR: 10.08%
The number of MNC with R&D centers in India has grown
at a CAGR of 4.57 per cent from 721 in 2010 to 943 in
2016.
During 2010-16, the workforce in MNC R&D centers
increased at a CAGR of 10.08 per cent & reached 363,000,
which is estimated to further increase to 387,000 by 2017 in
India.
721
776
835
872
913 928 943
988
1033
1085
1139
2010 2011 2012 2013 2014 2015 2016 2017E 2018E 2019E 2020E
204 220
244
268
295
323
363
387
424
464
508
2010 2011 2012 2013 2014 2015 2016 2017E 2018E 2019E 2020E
15. 1515JUNE 2017 For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
INDIA IS FAST EMERGING AS A GLOBAL R&D HUB … (2/2)
Source: Zinnov Consulting Report 2015, TechSci Research
Notes: CAGR - Compound Annual Growth Rate,
R&D - Research and Development
YoY- Year on Year
1 – Source from Capegemini
Vertical-wise distribution of R&D centers in India
(2016)
Until 2005, Tier-1 cities were the favourite destination for
MNCs due to availability of rich talent, favourable policies &
better quality of life
However, post-2005, MNCs have started expanding to Tier-
2 cities, as they offer benefits such as higher catchment
area, lower attrition & cost arbitrage
R&D related investments & processes attain easier
approval from regulatory authorities, globally. This has also
increased focus on new generics
India’s R&D ecosystem has grown at a phenomenal pace in
the last 10 years. 42 per cent of the Global 500 R&D
Spenders have centers in India, with the figure expected to
reach 49 per cent by 2020
India has emerged as the most preferred destinations for
innovation in Asia & the 3rd biggest, globally, with 'Silicon
Valley' of East Bengaluru1 leading the charge.
13
62
7
39
11
90
18
21
22
57
9
20
4
25
68
302
76
4
0 50 100 150 200 250 300 350
Aerospace & Defence
Automotive
Biotechnology
Chemicals & Materials
Diversified
Electrical & Electronics
Energy
Engineering Services
FMCG
Industrial
Media & Entertainment
Medical Devices
Others
Pharmaceuticals
Semiconductors
Software/ Internet
Telecom & Networking
Travel & Transportation
16. 1616JUNE 2017 For updated information, please visit www.ibef.org
INDIA IS ALSO GARNERING THE BENEFITS OF R&D OUTSOURCING
Source: Financial Express, Value Notes, TechSci Research
Notes: R&D - Research and Development,
IT - Information Technology; CAGR - Compound Annual Growth Rate;
Figures mentioned are as per latest data available
Engineering R&D outsourcing in India
(USD Billion)
Companies across sectors (such as IT, consumer electronics,
personal devices, medical electronics, telecom & automobiles) are
now offshoring complete product responsibility
India has become one of the most preferred location for engineering
offshoring
The outsourcing R&D services market in India is expected to reach
USD38 billion by 2030 from USD22.8 billion in 2016.
Newer capabilities such as supply chain, regulatory compliances &
manufacturing engineering are being developed by Engineering
R&D Service providers
Service providers in Europe are increasingly looking at scaling up &
setting offshore operations in India to access cost effective large
talent pool
In April 2017, India & Russia signed a joint declaration to build an
innovation ecosystem between the two countries. The declaration,
which was signed between the Science & Technology (S&T)
Department of India and the Ministry of Economic Development of
the Russian Federation, is expected to promote innovation &
technology entrepreneurship in the country.
INNOVATION AND PATENTS
CAGR: 3.71%
22.8
38
2016 2030E
17. 1717JUNE 2017 For updated information, please visit www.ibef.org
GLOBAL 500 COMPANIES PRESENCE IN INDIA
Source: Zinnov – Crossing the value chasm, TechSci Research
Notes: R&D - Research and Development
The top 500 R&D spenders contribute over USD614 billion with
the top 100 R&D spenders alone contributing 66 per cent to the
global R&D spend
In India, TVS Motors, Bosch, Tata Motors, and Mahindra &
Mahindra have topped the list of R&D innovators in the
automobile industry.
Samsung R&D Institute India files the maximum number of
patent applications in the country’s IT sector in 2015-16,
followed by TCS & Wipro
In May 2017, Tata Group announced that the group has
displayed more than 3,300 implemented innovations in its
annual innovation program over the last two years.
INNOVATION AND PATENTS
R&D spending by top six pharma giant FY16
(USD million)
352
272.44
244
158.16
104.03 102
71.79
Sun
Pharma
Dr Reddy Lupin Cipla Cadila Wockhardt Aurobindo
18. 1818JUNE 2017 For updated information, please visit www.ibef.org
Encouraging the private
sector
• The benefit of section 10 (23 G) of the IT Act has been extended to financial institutions that provide
long-term capital to hospitals with 100 beds or more
• Government is encouraging the PPP model to improve availability of healthcare services & provide
healthcare financing
Encouraging
investments in rural
areas
• The benefit of section 80-IB has been extended to new hospitals with 100 beds or more that are set
up in rural areas; such hospitals are entitled to 100 per cent deduction on profits for 5 years
• Under Union Budget 2017-18, government allocated USD5.94 billion for NABARD fund
• In Union Budget 2017-18, Irrigation corpus increased from USD2.97 billion to USD5.94 billion
Source: Union Budget 2014-15, Union Budget 2015-16,
Union Budget 2016-17, Health Ministry, TechSci Research
STRONG POLICY SUPPORT CRUCIAL IN DEVELOPING THE SECTOR
INNOVATION AND PATENTS
Tax incentives
• Import duty on medical equipment has been reduced to 7.5 per cent
• As per Union Budget 2016-17, services provided by National Centre for Cold Chain Development
(NCCD) would be exempted from service tax
• Incentives & tax holidays are being offered to hospitals & dispensaries providing health travel
facilities
Policy Landscape
• India released a new national Intellectual Property Rights Policy, which seeks to enhance Prime
Minister Narendra Modi’s - Make in India scheme, by boosting innovation.
• On the occasion of 9th National Intellectual Property Awards Ceremony held in April 2017, the
Commerce & Industry Ministry conveyed that it is focusing on making the Intellectual Property
Rights policy faster & efficient. Government’s focus on increasing IPR awareness in schools pan
India by launching IPR awareness campaigns was also highlighted.
19. 1919JUNE 2017 For updated information, please visit www.ibef.org
Source: Intellectual Property India Annual Report 2014-15
Note: Figures mentioned are as per latest data available
INNOVATION AND PATENTS
Top 5 Indian Applicants For Patents from Top Institutes and
Research & Development Organizations
S.No. Name of the Company
Application
Filled
1 CSIR 288
2 IIT Mumbai 87
3 IIT Chennai 69
4 Fraunhofer Ges Forschung 59
5 National Insititute of Design 58
Top 5 Foreign Applicants
S.No. Name of the Company Application Filled
1 Qualcomm incorporated 1065
2 Ericsson Telephone 723
3 Robert Bosch 505
4 Samsung Electronics Co. Ltd 480
5 Siemens AG 412
INCREASING IN THE PATENT APPLICATION FILING (FY15-16)…..(1/2)
Top 5 Bio Pharma Applicants
S.No. Name of the Company Application Filled
1 Novartis AG 100
2 Wockhardt Ltd. 68
3 Cadila Healthcare 51
4 Bristol Myers Soubb Co. 45
5 Boehringer Sohn Ingelh. 40
Top 5 Foreign Applicants
S.No. Name of the Company Application Filled
1 Honda Motor Co. Ltd. 127
2 Suzuki Motor Corp. 95
3 Robert Bosch GMBH 65
4 Toyota Motor Corp. 52
5 Michelin & Cie-51 51
20. 2020JUNE 2017 For updated information, please visit www.ibef.org
INCREASING IN THE PATENT APPLICATION FILING (FY15-16)…..(2/2)
INNOVATION AND PATENTS
Top 5 Indian Patentees
S.No. Name of the Company
Application
Filled
1
Council of Scientific & Industrial
Research
113
2
Samsung R&D Institute India-
Bangalore Pvt. Ltd.
55
3 Bharat Heavy Electricals Ltd. 45
4
Indian Institute of Technology
(Collective)
40
5
Defence Research & Development
Organisation
32
Top 5 Foreign Resident Patentees
S.No. Name of the Company
Application
Filled
1
GM Global Technology Operations
Inc.
252
2 Qualcomm Incorporated 212
3 LG Electronics Inc. 89
4 Koninklijke Philips Electronics N.V. 68
5 Honda Motor Co. Ltd. 65
Source: Intellectual Property India Annual Report 2014-15
Note: Figures mentioned are as per latest data available
• In April 2017, a website has been launched by numerous colleges in association with the Institute of Electrical & Electronics
Engineers (IEEE). The website will encourage the students to patent the innovations. The colleges that particpated are namely
Thakur College of Engineering & Technology, Sardar Patel Institute of Technology & Alamuri Ratnamala Institute of Engineering &
Technology.
21. 2121JUNE 2017 For updated information, please visit www.ibef.org
KEY PLAYERS IN R&D - SCIENTIFIC AND R&D ORGANISATIONS1 … (1/2)
Source: Organisational Websites, IP India, TechSci Research
Notes: R&D - Research and Development; IP – Intellectual Property, 1 - This list is indicative
INNOVATION AND PATENTS
Organisation Business description
Council of Scientific and Industrial Research (CSIR)
• CSIR is India’s largest R&D organisation, with 38 national laboratories, 39 outreach centers, 3 Innovation
Complexes, 5 units, 4600 active scientists supported by about 8000 scientific & technical personnel. On an
average CSIR files about 200 Indian patents & 250 foreign patents per year. About 13.86 per cent of CSIR patents
are licensed, a number which is above the global average. It is engaged in scientific industrial R&D for economic,
environmental & societal benefits for the country
• Its research areas span across aerospace, biotechnology, chemicals, energy, foods, information dissemination,
leather, metals, minerals & manufacturing etc. CSIR filed 323 patent application in FY16.
Defence Research and Development Organisation (DRDO)
• DRDO is engaged in design & development of weapon systems & equipment in accordance with the requirements
of the military services
• DRDO had a network of 50 labs & establishments to carry out research. It has over 5,000 scientists & about 25,000
other scientific, technical & supporting personnel. DRDO has filed 85 patent application in FY16.
• Its research areas include aeronautics, armaments, combat vehicles, electronics, instrumentation engineering
systems, missiles, materials, naval systems, advanced computing, simulation & life sciences
Indian Council of Agricultural Research (ICAR)
• ICAR is one of the largest national agricultural organisations in the world. It consisted of 99 institutes & 53
agricultural universities across India. ICAR has filed 63 patent application in FY16.
• It is the apex body for coordinating, guiding & managing research & education in agriculture, including horticulture,
fisheries & animal sciences in India.
22. 2222JUNE 2017
INNOVATION AND PATENTS
KEY PLAYERS IN R&D - SCIENTIFIC AND R&D ORGANISATIONS1 … (2/2)
Organisation Business description
India Space Research Organisation (ISRO)
• ISRO is engaged in development of space technology & its application to various national tasks, launched
Mangalyan successfully in its very 1
st
attempt
2
. In FY16, ISRO filed 25 patent application
• The organisation has 19 centers across India to pursue R&D activities & ISRO currently has a constellation of 9
communication satellites, 1 meteorological satellite, 10 earth observation satellites & 1 scientific satellite
• Its research areas include communication satellites for television broadcast & remote sensing satellites for
management of natural resources
• On June 22, 2016, ISROs Polar Satellite Launch Vehicle, PSLV-C34, successfully launched 20 satellites in a single
flight
Indian Council of Medical Research (ICMR)
• ICMR is the apex body in India for the formulation, coordination & promotion of biomedical research & one of the
oldest medical research bodies in the world. ICMR has filed 10 patent applications in 2016.
• The council has a fleet of 21 institutes (mission oriented national institute), 6 regional medical research centers & 5
units engaged in medical research
• The council’s research priorities encompass the areas of communicable diseases, maternal & child health,
nutritional disorders & non-communicable diseases such as cancer, cardio-vascular diseases, blindness &
diabetes
Centre for Development of Advanced Computing (C-DAC)
• C-DAC is a premier R&D organisation of the Department of Information Technology (DIT)
• It is engaged in research in the areas of supercomputers, applied electronics, technology, applications & health
informatics. C-DAC filed 20 patent applications in FY16
Source: Organisational websites, TechSci Research
Notes: R&D - Research and Development,
For updated information, please visit www.ibef.org
23. 2323JUNE 2017 For updated information, please visit www.ibef.org
KEY PLAYERS IN R&D - INSTITUTES AND UNIVERSITIES1 … (1/2)
INNOVATION AND PATENTS
Organisation Business description
Indian Institutes of Technology (IITs)
• It is a group of autonomous engineering & technology oriented institutes of higher education
• Indian Institutes of Technology (IITs) is planning to monetise intellectual properties (IPs) by exploring tie-ups with
firms that invest in "inventions". In FY16, IITs filed 453 patent application.
National Dairy Research Institute (NDRI)
• NDRI is engaged in research, teaching & extension activities in areas of dairy production, processing, management
& human resource development
• Its research activities focus on improving dairy productivity, innovating milk processing technologies &
disseminating information to the various stakeholders in dairy business to make dairying a self-sustaining business
• In 2015, R&D activities comprised 72 in-house & 78 externally funded research projects. In 2014, R&D activities
comprised 19 NAIP projects in consortium model with financial outlay of USD21.95 million. In FY16 NDRI filed 4
patents.
Indian Institute of Science (IISc)
• IISc is one of the earliest instances of PPP for a research institute in India
• It is engaged in research in various departments of science such as biological, chemical, electrical, mathematical,
physical & mechanical sciences. A new center for Brain Research is expected to contribute to future growth
• The number of filed patents increased to 44 during FY16.
Source: Organisational websites, IP India, TechSci Research
Notes: R&D - Research and Development, IP - Intellectual Property,1 - This list is indicative
24. 2424JUNE 2017 For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
KEY PLAYERS IN R&D - INSTITUTES AND UNIVERSITIES1 … (2/2)
Organisation Business description
The Energy and Resources Institute (TERI)
• TERI is engaged in developing solutions to global problems in fields of energy, environment & sustainable
development, has also established research centers in Bengaluru, Goa, Guwahati, Himalayas, Mumbai
• The important research areas include biotechnology, earth science, climate change, technology development,
social transformation & modelling & economic analysis
• Deals in various sector projects such as Agriculture, Coal, Energy, Environment, Industry, Renewable Energy,
Information & Communication Technology, Rural Development, Climate Change, Economy, Forestry & Biodiversity
& etc.
Institute of Life Sciences (ILS)
• ILS undertakes basic & translational research in frontier areas of life sciences
• The institute’s research interests are in the areas of infectious disease biology, gene function & regulation &
translation research & technology development
Indian Institute for Advanced Studies (IIAS)
• IIAS is a residential centre for advanced research in humanities, social sciences & natural sciences
• Its major research areas include social, political & economic philosophy; comparative studies in philosophy &
religion; education, culture & arts; natural & life sciences; & national integration & nation building
Source: Organisational websites, TechSci Research
Notes: R&D - Research and Development, 1 - This list is indicative
25. 2525JUNE 2017 For updated information, please visit www.ibef.org
KEY PLAYERS IN R&D - PRIVATE SECTOR COMPANIES1
INNOVATION AND PATENTS
Organisation Business description
Hindustan Unilever Limited
• HUL is credited with innovations in product areas such as structured bar soap, fairness cream, zero alcohol soap,
poly-coated scouring bar for dishwashing, fortified salt, instant tea, critical components for a water purifying device,
& value-added (nature care) tea
• Worldwide, HUL has over 20,000 registered patents & patent applications
• HUL expenditure on scientific R & D is around USD6.05 million in FY16, where the total revenue expenditure is
USD5.67 million & USD0.38 million expenditure made as a capital expenditure
Tata Steel Limited
• Tata Steel undertakes research in areas such as raw materials & coke, iron & ferro alloys, steel making, coated
products, materials characterisation & joining, materials modelling & product design & refractory technology
• The total value of the patent is around USD16.65 million till FY16.
• The total patents filed was 71 and 32 patents were granted as on FY16.
Cipla Limited
• Cipla’s R&D division focuses on new product development & new drug delivery systems across a range of
therapies
• The company’s total R&D spending increased & reached USD158.16 million in FY16
• In 2016, Cipla filed more than 200 formulation development projects underway of which the top 50 projects address
a market size of US$30 billion based on innovator sales.
• It is among the top companies domestically in R&D spending
Source: Organisational websites, TechSci Research
Notes: R&D - Research and Development, Growth, 1 - This list is indicative
26. 2626JUNE 2017 For updated information, please visit www.ibef.org
Source: Times of India, Economic Times, The Hindu, Defence Now
Notes: ICBM - Inter-Continental Ballistic Missile, DRDO - Defence Research & Development Organisation,
HSL - Hindustan Shipyard Limited, LCA – Light Combat Aircraft
INNOVATION HAS BEEN A CORNERSTONE OF THE COUNTRY’S DEFENCE SECTOR
INNOVATION AND PATENTS
INS Vikrant
• India Indigenous
Aircraft Carrier (IAC)
• Total displacement of
over 40,000 tonnes
• Being built by Cochin
Shipyard Ltd.
• Expected to be
Commissioned in
2017
Agni-V missile
• Successfully test fired in
April 2012
• India joined an elite
group of nations having
ICBM technology
• Indigenously developed
by DRDO
• Nag has been
developed in 2016,
being a fire & forget,
lockon-before-launch
(LOBL), anti-tank
guided missile.
Arihant Class
Submarines
• With its launch in
2009, India joined an
elite group of nations
having nuclear-
powered submarines
• Developed by HSL
• In 2016, the 1st
indigenous Sonar
dome has been
developed to scan
the submarines threat
& is attached at the
bottom of the ship
Tejas
• 2nd supersonic aircraft
to be developed
indigenously by
Hindustan
Aeronautics Ltd.
(HAL)
• In July 2016, LCA
Tejas aircraft was
inducted into the
Indian Air Force
27. PORTERS FIVE FORCES ANALYSIS –
HEALTHCARE & BIOTECHNOLOGY
INNOVATION AND PATENTS
28. 2828JUNE 2017 For updated information, please visit www.ibef.org
PORTERS FIVE FORCES ANALYSIS – HEALTHCARE
Source: TechSci Research
Note: R&D – Research and Development
INNOVATION AND PATENTS
Competitive Rivalry
• In a bid to discover the next block buster drug, competition between
the pharma companies are intense
• In addition, expiry of patents will also lead to further competition from
generic drug manufacturers
Threat of New Entrants Substitute Products
Bargaining Power of Suppliers Bargaining Power of Customers
• Huge R&D expenditure
requirement reduces threat of
new entrant
• Government regulation is strict
for this industry
• Bargaining power of suppliers
in this industry is high because
quality of products & timely
delivery matter & there is less
number of quality suppliers in
this industry
• Bargaining power of customers
is low due to undifferentiated
products
• Cheaper generic formulations
pose a threat to healthcare
companies
Competitive
Rivalry
(High)
Threat of New
Entrants
(Low)
Threat of
Substitute
Products
(Low)
Bargaining
Power of
Customers
(Low)
Bargaining
Power of
Suppliers
(High)
29. 2929JUNE 2017 For updated information, please visit www.ibef.org
PORTERS FIVE FORCES ANALYSIS – BIOTECHNOLOGY
Source: TechSci Research
Note: R&D – Research and Development
INNOVATION AND PATENTS
Competitive Rivalry
• High entry barriers due to the capital-intensive nature of the industry
has reduced competitive rivalry
• Entry of new players in the market has led to increased competition.
However, given the low success rate, rivalry is low
Threat of New Entrants Substitute Products
Bargaining Power of Suppliers Bargaining Power of Customers
• Capital intensive nature of
industry reduces the threat of
new entrants
• Strict government regulation
• Suppliers’ power is low
because the raw materials are
largely undifferentiated
• Individual buyers do not have
influence on pricing
• However, government price
control enhances buyer’s
power
• Patent protection stops the
threat of alternative drugs &
chemicals for a period of time
Competitive
Rivalry
(Moderate)
Threat of New
Entrants
(Low)
Substitute
Products
(Low)
Bargaining
Power of
Customers
(Low-Moderate)
Bargaining
Power of
Suppliers
(Low)
31. 3131JUNE 2017 For updated information, please visit www.ibef.org
STRATEGIES ADOPTED – HEALTHCARE
Source: Company website, TechSci Research
Note: R&D – Research and Development
• Private players in the industry are making their supply chain efficient & leveraging economies of scope
to reduce cost. One such example is Narayan Hrudayalaya (NH) where health care is provided at
affordable cost. NH reduces cost by
• High procurement of medical supplies
• High-volume by high capacity utilisation and staff productivity
• Good human capital management (i.e. training)
• Leveraging the benefit of Information Technology to reduce cost & improve healthcare delivery
• Developing new & innovative healthcare services will help players in differentiating themselves from
others
• Healthcare providers are also trying to provide better services to differentiate themselves
• Players in Healthcare sector are heavily spending on R&D.
• Sun Pharma is focusing on specialty & chronic therapies such as neurology, oncology, dermatology,
rather than competing in anti infective & gastrointestinal therapies markets. Sun Pharma attained
volume & value leadership in many of these therapies
• Certain players in industry focus only on providing one kind of health care service to its customers &
gain expertise through research in the area. This also helps them to be the leader in that service. One
such example is Tata Memorial Hospital which is focused on treatment of cancer & provides leading
cancer treatment in India
Cost leadership
Differentiation
Focus
INNOVATION AND PATENTS
32. 3232JUNE 2017 For updated information, please visit www.ibef.org
STRATEGIES ADOPTED – BIOTECHNOLOGY
Source: Company website, TechSci Research
Notes: R&D – Research and Development
• Higher emphasis on technological innovations that will improve efficiency & help in achieving cost
leadership. For example, Serum Institute of India is the leader in manufacturing vaccines against
Rubella, Tetanus, Measles, Diphtheria & it supplies vaccines to more than 100 countries across
the globe. Due to high volume sales the company has relatively low manufacturing cost
• Investing heavily on R&D to create new & innovative products. Biocon has subsidiaries, Syngene
International Ltd. & Clinigene International Ltd., these companies have been set up to focus on
clinical trials, drug discovery & development.
• Companies are creating barriers by applying for patents to curb replication of the drug by other
manufacturer. For example, until March 2016, Panacea filed over 1,500 patent applications,
including 230 in India
Cost leadership
Differentiation
Creating barriers
INNOVATION AND PATENTS
34. 3434JUNE 2017 For updated information, please visit www.ibef.org
STRONG DEMAND AND POLICY SUPPORT DRIVING INVESTMENTS
Source: Battelle, Electronics for You, Organisational websites, TechSci Research
Notes: PPP - Public Private Partnership, R&D - Research and Development,
NMITLI - New Millennium Indian Technology Leadership Initiative,
CoE - Centre of Excellence, NIC - National Innovation Council
INNOVATION AND PATENTS
Policy support
PPP in R&D
Strengthening
educational
infrastructure
Amendments to the
Patents Act &
Setting up of NIC
Inviting Resulting
in
Growing demand
Evolving consumer
lifestyles
Liberalisation &
increasing competition
Proximity to future
growth markets
Increasing investments
Establishment of CoEs,
NMITLI initiative
Providing support to
global projects from
India
Increasing corporate
R&D investments
35. 3535JUNE 2017 For updated information, please visit www.ibef.org
PHARMACEUTICAL SECTOR DRIVING R&D GROWTH
INNOVATION AND PATENTS
Source: TechSci Research
R&D spending by top six Pharma giants in FY16
(USD million)
India’s pharmaceutical market is highly fragmented, with
300 large & 18,000 mid-sized & small companies
The country’s pharma industry accounts for about 1.4 per
cent of the global pharma industry in value terms & 10 per
cent in volume terms
Indian healthcare sector, one of the fastest growing
industry, is expected to advance at a CAGR of 17 per cent
during 2011–20 to reach USD280 billion
This would help drive R&D growth in India; the average
R&D expenditure by Indian pharma companies is close to 6
per cent of total revenues
In January 2017, “Innovate in India” a strong intellectual
property framework to encourage innovation & to promote
development in India for new products & processes to make
India a pharmacy hub.
352
272.44
244
158.16
104.03 102
71.79
36. 3636JUNE 2017 For updated information, please visit www.ibef.org
POLICY SUPPORT AIDING GROWTH IN THE SECTOR … (1/2)
INNOVATION AND PATENTS
PPP in R&D
• Exchange of scientific knowledge between research centers, national laboratories, institutes of higher
learning & the industry
• The Indian Government plans to involve the private sector in R&D mainly for sectors like vaccines,
drugs & pharmaceuticals, super computing, solar energy & electronic hardware. The govt. has
announced to create a USD16 million fund for setting up R&D units with the help of industries
• The government has created a USD1.1 billion public-private partnership fund to support R&D in India
Funded institutions and
foreign universities
• Government has announced to set up 5 new All India Institute of Medical Sciences in Jammu &
Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Assam & set up of IIT in Karnataka & Dhanbad
• Foreign universities permitted to enter the higher education system in India by establishing their own
campuses or joint ventures with existing universities
• Atal Innovation Mission with USD24.84 million will boost the academicians, Entrepreneurs &
researchers to work towards innovation
Science & Technology
• In Union Budget 2016-17, Government of India has announced its plans to make 10 public & 10
private institutions as world class teaching & research institutes
• Under Union Budget 2017-18, Central Government is planning to establish 100 India International
Skills Centres, across the country
Source: Battelle, Electronics for You, Union Budget 2015-16,
Organisational websites, TechSci Research
Note: PPP - Public Private Partnership
37. 3737JUNE 2017 For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
POLICY SUPPORT AIDING GROWTH IN THE SECTOR … (2/2)
National Innovation
Council (NIC)
• In 2010, NIC was set up to implement strategies for inclusive innovation in India & prepare a roadmap for
innovation over 2010-20, idea is to build a domestic model to cater to Indian needs
• Tasks of NIC include creating a framework to encourage innovation by central & state governments,
universities, R&D institutions & SMEs
• NIC build digital database of innovations across sectors & at grassroot. In addition NIC has also set up
sectorial Innovation council in Maharashtra
• NIC & the Ministry of Micro, Small & Medium Enterprises (MSME) jointly created India Inclusive
Innovation Fund (IIIF), currently IIIF investment limit is restricted to USD82 million & it invests in sectors
like healthcare, water, energy & agriculture.
Source: Battelle, TechSci Research
Note: SMEs - Small and Medium Enterprises
Atal Innovation
Mission
• Atal Innovation Mission (AIM) established in NITI Aayog with initial funding worth USD24.56 million for
promotion of R&D sector. The mission aims at providing innovation promotion platform to academicians,
entrepreneurs & researchers.
• Atal Innovation Mission would provide the framework to government for encouraging & promoting self
employment in Indian youth
Patents
(Amendment) Rules,
2016
• The time limit for filing response to 1st Examination Report (FER) has been reduced to 6 months.
• With a maximum of 2 adjournments hearings can now be conducted through video conferencing as well
as audio visual communication devices.
• Maximum fees for sequence listings would be USD1850, wherein, cost per page would be almost USD12.
38. 3838JUNE 2017 For updated information, please visit www.ibef.org
SCIENCE TECHNOLOGY AND INNOVATION (STI) POLICY 2013
Source: TechSci Research
INNOVATION AND PATENTS
Introduction of STI
Policy 2013
• In January 2013, the Government of India introduced the Science, Technology & Innovation
(STI) policy 2013 at the centenary sessions of the Indian Science Congress held at Kolkata
Vision of STI Policy
• The STI policy is aimed at helping India become one of the top 5 global scientific powers by
2020, by taking advantage of large demographic pool of engineers & science graduates
Rising involvement of
the private sector
• STI aims to boost innovation through R&D led by the Public-Private Partnership (PPP)
mode thereby increase the investments on R&D to 2 per cent of GDP by 2017 from current
1 per cent
Increase in human
resources
• The policy seeks to increase the number of full-time R&D personnel by 66 per cent over
2013–17 & expand the number of publications from the current 3.5 per cent of global share
to around 7 per cent by 2020
39. 3939JUNE 2017 For updated information, please visit www.ibef.org
RECENT INVESTMENTS IN R&D BY KEY PLAYERS
INNOVATION AND PATENTS
Source: India Electronic News, Moneycontrol, CNBC, Economic Times, Appliancemagazine.com,
Business Standard, The Hindu, Company websites, TechSci Research
Note: R&D - Research and Development
2013
• Jan 13: DuPont has double
their R&D activities in India
• April 13: Yamaha
announced the
establishment of a R&D
centre in India
• Jun 13: Huawei has set up
a new R&D centre in
Bengaluru with an
investment of USD150
million
• Jul 13: OneOcean
Corporation has set up
ClipCard Technology
(R&D) centre in India
• Oct 13: Carraro India has
set up a new R&D centre in
India
• Jan 22: Intel India to invest
over USD120 million to
expand its Bengaluru R&D
center
• Mar 07: BASF opens
global R&D center in
Mumbai
• Sep 10: Valvoline
Communications Ltd (VCL)
a JV between Ashland Inc
& Cummins India Ltd will
open its R&D centers in
Ambernath near Mumbai
in Maharashtra
20142015
• August 2015: Foxconn
announced to invest USD5
billion in India over next 5
years to set up R&D
centers & manufacturing
plants
• May 2015: Ford Motor
company have announced
to invest around
USD829.46 million in R & D
center Chennai
• July 2015: Lupin, has
decided to invest
USD185.63 million in the
pharma sector.
2016
• May 2016: Royal Enfield
announced its plans to
invest USD91.7 million in
setting up 2 new R&D
centers, one of which would
be setup in Chennai, in
FY17
• Mar 2016: Daikin, under
Make in India initiative, is
planning to invest around
USD91 billion to establish
R&D centre & a
manufacturing unit in
Rajasthan
• 2015-16: In FY16, the
following have been spent
in R&D: Sun Pharma:
US$342.56 billion, Dr
Reddy's Laboratories
US$266.25 billion, Lupin
US$257.62 billion, Cipla
US$153.95 billion, Alembic
Pharma US$37.93 & Ajanta
Pharma US$22.16 billion.
40. 4040JUNE 2017 For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
RECENT INVESTMENTS IN R&D BY GOVERNMENT
Source: India Electronic News, Moneycontrol, CNBC, Economic Times, Union Budget,
Appliancemagazine.com, Business Standard, The Hindu, Company websites, TechSci Research
Note: R&D - Research and Development
NMITLI-New Millennium Indian Technology Leadership Initiative
Centers of Excellence
(CoEs)
• In 2015, National
Association of Software &
Services Companies
(NASSCOM), Department
of Electronics &
Information Technology
(DeitY) & Education &
Research Network
(ERNET) jointly has
formed Center of
Excellence with the seed
funding done by
government.
• COEs are generally run on
PPP model
• CoEs have been set up in
the areas of telecom,
wireless technology, bio-
informatics, lasers,
optoelectronic devices &
nano-electronics
NMITLI
• The programme identifies
areas for development
based on national
consultation & invites best
partners from institutions,
academia & private sector
to play a role in the
process
• NMITLI have received a
budgetary allocation of
USD4.91 million under the
Union Budget 2015-16. It
has initiated 60 largely
networked projects in
diverse areas involving 85
industry partners & 280
R&D groups from different
institutions with investment
outlay of USD114 million
Centrally funded institutes
Central and foreign
universities
• New universities in 16
uncovered states
• The remaining 14 new
Central Universities will be
set up as world class
centers of excellence at
different locations
• Foreign universities can
enter higher education
system in India by having
their own campuses or joint
ventures with existing
universities
• 12 teacher education
courses & 3 new
programmes have been
upgraded
• These institutes together
account for over 80 per cent
of the total PhDs in
engineering in India
• In Union Budget 2016-17,
government has announced
to make 10 public & 10
private institutions as world
class institutes
• Budget 2017: One national
testing agency, UGC
reforms, autonomy for
universities proposed.
Students to be free of
‘burden’ of preparing for
multiple exams.
42. 4242JUNE 2017 For updated information, please visit www.ibef.org
Source: ARAI, Business Standard, India Law Office, Deloitte, TechSci Research
Notes: IT - Information Technology, ARAI - Automotive Research Association of India,
NVH - Noise, Vibration and Harshness, ANDA – Abbreviated New Drug Application,
US FDA – United States Food and Drug Administration
INNOVATION AND PATENTS
Pharma and healthcare
• Indian healthcare sector, one of the fastest growing industry, is expected to advance at a CAGR of
22.87 per cent during 2015–20 to reach USD280 billion
• Contract research is one of the fastest growing segment in the Indian healthcare industry. CRAMS
industry is estimated to reach USD18 billion in 2018 and expected to witness a strong growth at a
CAGR of 18-20 per cent during 2015-18
• Indian pharmaceuticals market is estimated to reach around USD30 billion in 2015. The country’s
pharmaceutical industry is expected to expand at a CAGR of 12.89 per cent over 2015–20 to
reach USD55 billion
• The number of ANDA approvals granted by US FDA increased from 109 in FY15 to 201 in FY16 to
the Indian companies
Information Technology
(IT)
• India is seen as a product development destination
• Companies are offshoring their product responsibilities including complex services like product
management
• NASSCOM of India signed IoT Innovation Agreement with Georgia Tech.
Automobiles
• Research is being carried out by individual companies as well as industry associations such as
ARAI in various areas such as structural dynamics, safety, NVH & electronics
• India is the 6th largest auto market in the world & is poised to become the 3rd largest by 2020
OPPORTUNITIES (1/2)
43. 4343JUNE 2017 For updated information, please visit www.ibef.org
Source: ARAI, Business Standard, Planning Commission,
India Law Office, TechSci Research
Notes: IT - Information Technology, ARAI - Automotive Research Association of India,
NVH - Noise, Vibration and Harshness, DBT – Department of Biotechnology
INNOVATION AND PATENTS
Biotechnology
• By FY25, India’s biotech industry is estimated to increase to USD100 billion from USD27.58 billion in 2016
• Protein & antibody production & fabrication of diagnostic protein chips are promising areas for investment
• Stem cell research, cell engineering & cell-based therapeutics are other areas, wherein India will cash in its
expertise
Agriculture
• India has the potential to become a major producer of transgenic rice & several Genetically Modified (GM)
or engineered vegetables
• Hybrid seeds, including GM seeds, represent new business opportunities in India based on yield
improvement
• According to International Service for the Acquisition of Agri-Biotech Applications, India has the fourth
largest area covered under genetically modified crops
• In India, 11.57 million hectares of area is covered under genetically modified crops which is majorly
dominated by Bt cotton.
• In 12th Five-Year Plan, DBT has proposed to support 10 agricultural universities through R&D grants to
promote R&D on agriculture
• In Union Budget FY17, the government, under the Accelerated Irrigation Benefit Programme (AIBP), would
ensure to complete 23 irrigation projects, before March 2017
OPPORTUNITIES(2/2)
44. 4444JUNE 2017 For updated information, please visit www.ibef.org
Source: Zinnov - Crossing the value chasm
Notes G500 – Global 500 companies
INNOVATION AND PATENTS
OPPORTUNITIES OF JOB CREATION BY GLOBAL 500 COMPANIES
There is a potential to create 200,000 R&D jobs by global
500 companies in the next 5 years
During 2013-18, R&D headcount is expected to increase at
a CAGR of 15.8 per cent
Around 50 per cent of the global 500 companies present
have more than 10 per cent of the global headcount in India
Talent pool for R&D in the country is expected to grow at a
CAGR of 10.9 per cent from present 0.6 million to 1 million
by 2020.
928 MNCs & 1165 R&D centers together employ 55 per
cent of India’s total R&D installed talent base. The
workforce is expected to increase to 0.52 million by 2020
Software/Internet domain account for over 37 per cent of the
total MNC R&D installed workforce
176
366
313
229
489
595
2013 2018
R&D headcount Remaining addressable population
R&D headcount by G500 (‘000)
R&D Talent Distribution
6,10,000
10,20,000
2015 2020
CAGR: 11%
46. 4646JUNE 2017
38
26
75
42
60
108
45
57
26
84
42
12
41
39
58
75
5
14
17
43
47
232
314
41
FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
Formulation Patents API/Process Patents NCE Patents
For updated information, please visit www.ibef.org
Source: Lupin website, Lupin Reports
Notes: API - Active Pharmaceutical Ingredient, CNS - Central Nervous
System, NSAIDS - Non-Steroidal Anti-Inflammatory Drugs,
TB - Tuberculosis, NCE - New Chemical Entity
Patents filed by LupinLupin is a renowned pharma player having a wide range of
quality, affordable generic & branded formulations & APIs
Lupin has emerged as the 5th largest & among the top 5
fastest-growing companies in the US
It is one of the world’s largest manufacturers of TB drugs &
has significant market share in the cardiovascular,
diabetology, asthma, paediatrics, CNS, Anti-infectives &
NSAIDs therapy segments
By FY16, Lupin’s total patent filing reached 2,525 up from
600 in FY08
The company is amongst the fastest growing in top 10
generic pharmaceutical players in Japan & South Africa
INNOVATION AND PATENTS
LUPIN: ON A HIGH GROWTH PATH … (1/2)
47. 4747JUNE 2017
822.5
1006.7
1250.9
1484.6
1742.1
1839.2
2090.2 2093.1
FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
LUPIN: ON A HIGH GROWTH PATH … (2/2)
Source: Lupin website
Notes: CAGR - Compound Annual Growth Rate
Lupin net sales (USD million)Its revenues increased from USD822.5 million in FY09 to
USD2.09 billion in FY16, at a CAGR of 14.3 per cent
Lupin’s domestic formulations business grew by 6.6 per
cent recording revenues of USD518.1 million for FY16 in
comparison with USD486.1 million for FY15
CAGR: 14.3%
48. 4848JUNE 2017 For updated information, please visit www.ibef.org
INFOSYS: NURTURING INNOVATION IN IT … (1/2)
INNOVATION AND PATENTS
Indian IT patent applications ( FY16)Infosys has 3rd highest number of patents applications in India
Research activity for different areas is allocated amongst
dedicated labs such as Software Engineering lab, Convergence
lab, Security & Privacy lab, Distributed Computing lab & E-Com
lab
During FY11-17, the company’s revenues increased at a CAGR
of 9.24 per cent to USD10.2 billion in FY17 from USD6.0 billion
in FY11
During the same period, net profit expanded at a CAGR of 6.01
per cent to USD2.13 billion in FY17 from USD1.5 billion in FY11
Infosys spent USD52.2 million in R&D expenses during FY17
As of November 2016, Infosys through its innovation fund
invested USD 2.17 million in UNSILO, a Danish-based artificial
intelligence start up
Source: Office of the Controller General of Patents,
Designs and Trademarks Annual Report, Intellectual Property India Annual
Report 2014-15, Company Annual Reports, TechSci Research
Income and net profit (USD billion)
HCL
Indian Institute of Technology
(Collective)
Wipro Limited
TCS
Samsung R&D Institute India
6
6.9
7.4
8.2
8.7
9.5
10.2
1.5
1.7 1.7 1.8
2 2.05 2.13
0
0.5
1
1.5
2
2.5
0
2
4
6
8
10
12
FY11 FY12 FY13 FY14 FY15 FY16 FY17
Sales Net Profit
49. 4949JUNE 2017 For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
TCS: NURTURING INNOVATION IN IT… (2/2)
Source: Company Annual Reports, TechSci Research:
Note: CAGR - Compound Annual Growth Rate
Sales and net profit (USD billion)
During FY09–17, the company’s revenues increased
at a CAGR of 14.31 per cent, reaching USD17.5
billion in FY17 from USD6 billion in FY09
During the same period, net profit expanded at a
CAGR of 17.14 per cent to USD3.9 billion from
USD1.1 billion
TCS spent USD171.3 million in R&D & innovation
expenses during FY16, out of which total sum spent
on R&D was USD36.2 million in the same year
6
6.3
8.2
10.4
11.6
13.6
15.7
16.6
17.5
1.1
1.5
2
2.2
2.6
3.2 3.3
3.7
3.9
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
0
2
4
6
8
10
12
14
16
18
20
FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17
Sales Net Profit
50. 5050JUNE 2017 For updated information, please visit www.ibef.org
HUL: A LEADING INNOVATOR IN FMCG
INNOVATION AND PATENTS
Source: Economic Times, Company Annual Reports,
Company website, TechSci Research
Notes: CAGR: Compound Annual Growth Rate,
Strong research and development (USD million)
Incorporated in 1933, HUL is India’s leading company
by sales in the Fast-Moving Consumer Goods (FMCG)
sector in India. British-Dutch company Unilever owns a
majority stake of 52 per cent in HUL
HUL has won the top FMCG award at the Dun &
Bradstreet Corporate Awards 2015
Hindustan Unilever Ltd. (HUL) has been ranked No. 31
in India on the Forbes list of Most Innovative
Companies across the globe for 2016.
The company has over 20,000 registered patents &
patent applications worldwide
HUL is also driving innovation in various categories
such as oral care, personal products & soaps &
detergents etc.
19
22
34.4
20.7
15.1
10.2
8.8
4.4
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17
52. 5252JUNE 2017
INDUSTRY ASSOCIATIONS
Automotive Research Association of India (ARAI)
Survey No 102, Vetal Hill, Off Paud Road, Kothrud,
Pune - 411 038
Tel: 91-020 30231111
Fax: 91-020 25434190
E-mail: info@araiindia.com
Website: www.araiindia.com
Indian Society for Clinical Research (ISCR)
c/o Pfizer center, 5, Patel Estate, S.V.Road, Jogeshwari(West),
Mumbai-400 102
Tel: 91-022 26774140, 66932028
E-mail: info@iscr.org
Website: www.iscr.org
The South India Textile Research Association (SITRA)
13/37, Avanashi Road, Coimbatore - 641 014
Tel: 91-422 2574367, 6544188
Fax: 91-422 2571896
Email: sitraindia@dataone.in
Website: www.sitra.org.in
For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
53. 5353JUNE 2017
GLOSSARY … (1/2)
API: Active Pharmaceutical Ingredient
ARAI: Automotive Research Association of India
CAGR: Compound Annual Growth Rate
CoE: Center of Excellence
DRDO: Defence Research and Development Organisation
FDI: Foreign Direct Investment
FY: Indian Financial year (April to March)
So FY10 implies April 2009 to March 2010
GDP: Gross Domestic Product
GERD: Gross Domestic Expenditure on Research and Development
HAL: Hindustan Aeronautics Limited
HSL: Hindustan Shipyard Limited
For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
54. 5454JUNE 2017
GLOSSARY … (2/2)
IAC: Indigenous Aircraft Carrier
ICBM: Intercontinental Ballistic Missile
IT: Information Technology
NMITLI: New Millennium Indian Technology Leadership Initiative
NVH: Noise Vibration and Harshness
PPP: Public Private Partnership
PPP: Purchasing Power Parity
R&D: Research and Development
TRIPS: Trade Related Aspects of Intellectual Property Rights
USD: US Dollar
WTO: World Trade Organisation
Wherever applicable, numbers have been rounded off to the nearest whole number
For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
55. 5555JUNE 2017
Year INR equivalent of one USD
2004–05 44.81
2005–06 44.14
2006–07 45.14
2007–08 40.27
2008–09 46.14
2009–10 47.42
2010–11 45.62
2011–12 46.88
2012–13 54.31
2013–14 60.28
2014-15 61.06
2015-16 65.46
2016-17 (E) 66.95
Year INR equivalent of one USD
2005 43.98
2006 45.18
2007 41.34
2008 43.62
2009 48.42
2010 45.72
2011 46.85
2012 53.46
2013 58.44
2014 61.03
2015 64.15
2016 (Expected) 67.22
Exchange rates (Fiscal Year)
For updated information, please visit www.ibef.org
EXCHANGE RATES
Exchange rates (Calendar Year)
Source: Reserve bank of India,
Average for the year
INNOVATION AND PATENTS
56. 5656JUNE 2017
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INNOVATION AND PATENTS