- 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.
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.
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 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 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.
- 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 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.
- 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.
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.
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 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 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.
- 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 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&
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 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 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 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 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 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.
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.
The document provides an overview of science and technology in India. Some key points:
- India has a large talent pool in science and technology, with 162 universities awarding over 4,000 doctorates annually.
- Government policies aim to promote public and private sector R&D. Recent budgets have allocated over $500 million to the Department of Science and Technology.
- Growing demand, rising investments, strong talent base, and supportive policies give India advantages in the science and technology sector. Foreign companies are increasingly setting up R&D centers in India.
- The number of patent applications from India has risen over 50% in recent years, though grants have declined slightly due to faster application processing.
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.
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. 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.
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 IT & ITeS industry in India has grown significantly in recent years. It expanded at a CAGR of 10.71% from FY10 to FY18 to reach US$ 167 billion. India is the leading sourcing destination globally, accounting for 55% of the global IT services market. The industry is expected to continue growing rapidly and reach US$ 350 billion by 2025. It contributes around 7.7% to India's GDP currently.
- India has a large talent pool of over 162 universities that award over 4,000 doctorates and 35,000 postgraduate degrees annually, making it the third largest technical manpower pool globally.
- Government policies aim to promote public and private sector involvement in research and development. The 2016-2017 budget allocated $597 million to the Department of Science and Technology.
- Investments in research and development have been growing, attracting more multinational companies to set up research centers in India due to low costs and access to talent. National expenditure on R&D has increased threefold over the past decade.
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.
The document provides an overview of the insurance industry in India. Some key points:
- The insurance industry in India is expected to reach $280 billion by 2020, with life insurance growing 12-15% annually for the next 3-5 years.
- Gross premiums written reached Rs. 5.53 trillion (US$ 94.48 billion) in FY18, with Rs. 4.58 trillion from life insurance and Rs. 1.51 trillion from non-life insurance.
- Private sector companies have increased their market share in both life and non-life insurance segments over the years, contributing to growth.
India continues to witness strong economic growth that is aided by major economic reforms and transformation that country has witnessed in the past years. It is a well-accepted fact that major long-term and sustainable economic growth happens on the back of robust human resources capabilities that requires a strong education system. The Indian Higher Education sector is expected to play an even more important role to meet the growth aspirations of the country. The Indian education sector with around 800 universities will play a pivotal role in providing workforce and developing our leaders of the future.
- 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.
- India has a large talent pool, strong policy support, and a growing consumer base demanding advanced technology products, which provides advantages for the science and technology sector.
- The government has implemented various policies and initiatives over the years to promote R&D and strengthen human and institutional capacities. This has resulted in rising investments from multinational companies seeking to tap opportunities.
- Factors like lower costs, a strong talent pool, and growing local demand are attracting more foreign R&D centers to set up in India, benefiting the overall science and technology landscape.
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&
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 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 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 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 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 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.
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.
The document provides an overview of science and technology in India. Some key points:
- India has a large talent pool in science and technology, with 162 universities awarding over 4,000 doctorates annually.
- Government policies aim to promote public and private sector R&D. Recent budgets have allocated over $500 million to the Department of Science and Technology.
- Growing demand, rising investments, strong talent base, and supportive policies give India advantages in the science and technology sector. Foreign companies are increasingly setting up R&D centers in India.
- The number of patent applications from India has risen over 50% in recent years, though grants have declined slightly due to faster application processing.
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.
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. 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.
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 IT & ITeS industry in India has grown significantly in recent years. It expanded at a CAGR of 10.71% from FY10 to FY18 to reach US$ 167 billion. India is the leading sourcing destination globally, accounting for 55% of the global IT services market. The industry is expected to continue growing rapidly and reach US$ 350 billion by 2025. It contributes around 7.7% to India's GDP currently.
- India has a large talent pool of over 162 universities that award over 4,000 doctorates and 35,000 postgraduate degrees annually, making it the third largest technical manpower pool globally.
- Government policies aim to promote public and private sector involvement in research and development. The 2016-2017 budget allocated $597 million to the Department of Science and Technology.
- Investments in research and development have been growing, attracting more multinational companies to set up research centers in India due to low costs and access to talent. National expenditure on R&D has increased threefold over the past decade.
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.
The document provides an overview of the insurance industry in India. Some key points:
- The insurance industry in India is expected to reach $280 billion by 2020, with life insurance growing 12-15% annually for the next 3-5 years.
- Gross premiums written reached Rs. 5.53 trillion (US$ 94.48 billion) in FY18, with Rs. 4.58 trillion from life insurance and Rs. 1.51 trillion from non-life insurance.
- Private sector companies have increased their market share in both life and non-life insurance segments over the years, contributing to growth.
India continues to witness strong economic growth that is aided by major economic reforms and transformation that country has witnessed in the past years. It is a well-accepted fact that major long-term and sustainable economic growth happens on the back of robust human resources capabilities that requires a strong education system. The Indian Higher Education sector is expected to play an even more important role to meet the growth aspirations of the country. The Indian education sector with around 800 universities will play a pivotal role in providing workforce and developing our leaders of the future.
- 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.
- India has a large talent pool, strong policy support, and a growing consumer base demanding advanced technology products, which provides advantages for the science and technology sector.
- The government has implemented various policies and initiatives over the years to promote R&D and strengthen human and institutional capacities. This has resulted in rising investments from multinational companies seeking to tap opportunities.
- Factors like lower costs, a strong talent pool, and growing local demand are attracting more foreign R&D centers to set up in India, benefiting the overall science and technology landscape.
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. It awards thousands of doctorates and postgraduate degrees annually.
- Government policies aim to promote India as an S&T powerhouse and encourage public and private sector R&D. The budget allocated to the Department of Science and Technology has increased.
- Growing demand, a large consumer base, and lower costs have attracted increased investment in Indian R&D from multinational companies. Over 50% of global top 500 companies have R&D centers in India.
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 globally. Government policies aim to promote India as an S&T leader.
- Investments in R&D are growing, with many multinational companies establishing R&D centers in India, attracted by the large consumer base and talent.
- Government funding for science and technology has increased, with the 2016-17 budget allocating $597 million to the Department of Science and Technology.
- India has a strong network of science and technology institutions and produces thousands of graduates and doctorates annually.
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.
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 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.
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&
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 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.
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.
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 the healthcare sector in India. Some key points:
- The Indian healthcare sector is expected to grow at a CAGR of 22% until 2022 to reach $372 billion, up from $110 billion in 2016.
- Rising incomes, greater health awareness, lifestyle diseases, and insurance coverage are driving growth in the sector. The government aims to increase healthcare spending.
- Private equity and foreign investments are increasing due to growth opportunities and a favorable policy environment with tax benefits and reforms. The sector attracted $679 million in investments in the first half of 2018.
- Infrastructure is also expanding with more medical colleges and registered doctors. Telemedicine is emerging and the sector is
Similar to Science and Technology Sector Report December 2017 (15)
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 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.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
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.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
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Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"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.
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.
2. Table of Content
Advantage India…………………..….……..5
Market Overview and Trends………..…….7
Growth Drivers…………………….....…....25
Case Studies……….………...........………45
Industry Organisations……….……….…..43
Porters Five Forces Framework……...….24
Executive Summary……………….….…….3
Opportunities.....…………………………...35
Useful Information……….……….......…...45
3. For updated information, please visit www.ibef.orgScience and Technology3
With a US$ 1.86 trillion economy in FY17 and per capita income of over US$ 1,538.5 in 2016-2017, India
presents a unique opportunity for companies to tap the huge consumer base demanding technologically
advanced products
Demand for cheap and durable products that could meet the local requirements drives the need for
innovation
3rd largest technical manpower in the world
162 universities awarding 4,000 doctorates and 35,000 postgraduate degrees
Global share in scientific publications rising at a CAGR of ~12 per cent
India ranks 8th in the world in terms of number of students graduating in science and engineering stream
Policies aimed at projecting India as a Science and Technology powerhouse and promoting both public and
private sector involvement in the R&D practice
Women Scientific programme to expose women more and more towards research
With more and more multinational companies setting up their R&D centres in India, the sector has seen an
uptrend in investments in recent years
As per Union Budget 2017-18, Government of India allocated US$ 597.46 million to the Department of
Science and Technology (DS&T), covering six main objectives including technology development
programmes, partnerships, alliances, policy formulation, strengthening human capacities, strengthening
institutional capacities and societal interventions of S&T.
EXECUTIVE SUMMARY
Large consumer base
Source: RBI, India Budget
Huge talent pool
Policy framework
Rising investments
4. For updated information, please visit www.ibef.orgScience and Technology4
India’s pharmaceutical industry, which accounts for about 1.4 per cent of the global pharmaceutical industry
in value terms and 10 per cent in volume terms, is expected to remain a major R&D growth driver
Cumulative overseas direct investments by India grew at a CAGR of 31.73 per cent, during FY08-17,
reaching US$ 331 billion during FY17 from US$ 21 billion in FY08, global car makers are also looking to
move their R&D investments in India
India's R&D spend is estimated to reach US$ 77.46 billion by 2017 from US$ 72.85 billion in 2016.
As of 2016, India is the world’s sixth largest annual R&D spending country, accounting for 3.64 per cent of
global R&D expenditure and is expected to increase to 3.75 per cent in 2017.
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
2016 to 2034 respectively
EXECUTIVE SUMMARY
Pharma sector driving
R&D growth
Rapidly growing
overseas investment
Sixth-largest R&D
investor
Source: Reserve Bank of India, R&D Magazine, International Monetary Fund, World Bank, CIA Fact Book, OECD, Aranca Research
Notes: R&D - Research and Development; Figures mentioned are as per latest data available
6. For updated information, please visit www.ibef.orgScience and Technology6
ADVANTAGE INDIA
Rising income and evolving lifestyles have led to
higher demand for aspirational products
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
Expanding middle class and increasing
affordability are expected to remain demand
drivers for technologically advanced products
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 and
has the 3rd largest pharma sector and a
fast growing contract research segment
3rd largest technical manpower in the
world
Establishment of CoEs in various
areas; NMITLI initiative on PPP basis
Increased investments by private
players; setting up of R&D centers
During 2015-16, increase in Intellectual
Property Rights (IPR) applications
witnessed a CAGR of 26.9 per cent,
with the number increasing from
262638 to 340000
PPP for promoting exchange of scientific
knowledge and 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 and
Innovation Policy 2013
ADVANTAGE
INDIA
Source: IPI India Annual Report, Aranca 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
8. For updated information, please visit www.ibef.orgScience and Technology8
Science and
Technology Policy to
bring science and
technology together
and emphasize the
need for investment
into R&D to address
national problems.
EVOLUTION OF SCIENCE AND TECHNOLOGY POLICY
FRAMEWORK IN INDIA
Source: Department of Science and Technology, Ministry of HRD, Government of India, Union Budget 2016-17
2003 2013 2014 2016
Science, Technology
and Innovation
Policy aims to
develop synergies
between science,
technology and
innovation. Ethnic
diversity and varying
demographics
attracted investment
from various players
New Initiatives such
as SWAYAM (Study
Webs of Active-
Learning for Young
Aspiring Minds), etc.
have been taken to
support young talent
and attract innovation
"Innovation of Science
Pursuit for Inspire
Research (INSPIRE)“
initiative was
launched to
communicate with the
youth population and
attract talent to the
scientific field
The total plan outlay
allocated under the
Union Budget 2015-16
for the Department of
Science and
Technology is around
US$ 557.1 million
New Initiatives such
as the Science,
Technology,
Innovation and
Creation of
Knowledge (STICK)
framework has been
taken by the Indian
government to support
innovation.
2015
Scientific and
Technological (S&T)
Activities Survey
2015-16 aims to
collect data on
resources devoted to
R&D in science and
technology. The
information is
collected from about
5000 R&D
organisations present
across the country.
9. For updated information, please visit www.ibef.orgScience and Technology9
INDIAN SCIENCE and TECHNOLOGY SYSTEM
Source: Changing Indian STI Landscape Presentation, Department of Science and Technology
Indian STI
system
R&D bodies
Government
funding and
development
agencies
Academic
sector
Socio
Economic
Ministries
Industrial
R&D
Systems
R&D by
multinational
companies
R&D in NGO
groups
Note: STI refers to Science Technology and Innovation
10. For updated information, please visit www.ibef.orgScience and Technology10
INDIA AMONG THE WORLD’S LEADING R&D
INVESTORS
528
430
173
112
84
77
61
48
56
37
0
100
200
300
400
500
600
Source: Nature Magazine, Battelle
India’s R&D investments increased to US$ 71.48 billion in 2016 from
US$ 66.49 billion in 2015.
R&D investments has helped Indian companies to overcome tight
competition with affordable products internationally.
The Indian Robot Mitra, designed in Bengaluru and made in China,
which can recognise people by their nationalities and guide
customers in a bank, attracted the attention of Chinese
manufacturers at an information technology (IT) event held at Dalian,
China.
Visakhapatnam port traffic (million tonnes)
Expected expenditure of world’s leading R&D investors in 2017
(US$ billion)
Notes: GERD - Gross Domestic Expenditure on R&D, R&D - Research and Development;
11. For updated information, please visit www.ibef.orgScience and Technology11
MANPOWER AND INVESTMENTS
Visakhapatnam port traffic (million tonnes)
India has a strong network of science and technology
institutions and trained manpower
Strengthening India’s position in research through investment
R&D investments have grown in India to around US$ 67.7 billion
by 2015 and reached US$ 72.85 billion in 2016 and are estimated
to reach US$ 77.46 billion by 2017.
As of December 2016, Government of Arunachal Pradesh
allocated funds worth US$ 22.92-30.55 million for the development
of science and technology sector in the state.
A series of new investments were recently announced by Cisco
India to enhance cyber security infrastructure in India. It will enable
to build transparent and secure digital infrastructure environment
for accelerating India’s digital transformation. For strategic cyber
security cooperation.
Cisco India has signed an MoU with Indian Computer Emergency
Response Team (CERT-In) to establish a threat intelligence
sharing programme.
Under the National Initiative for Developing and Harnessing
Innovations (NIDHI) programme, Indian Government plans to
invest US$29.75 million for setting up 100 incubators across the
country in the next 4 years to support start-ups
India is among the top-ranking countries in the field of basic
research
It has the 3rd largest scientific and technical manpower in the
world
162 universities award 4,000 doctorates and 35,000 postgraduate
degrees annually
The Council of Scientific and Industrial Research runs 38 research
laboratories
India ranks 7th among highly productive countries in science and
technology research.
In April 2017, the Department of Science and Technology
introduced a US$ 297.48 million pilot programme to encourage
more girls and women to take up careers in the domain of science
and engineering. The programme will cover 100,000 girls and
women, from school-going children to those interested in research,
will be launched later this year.
12. For updated information, please visit www.ibef.orgScience and Technology12
NUMBER OF PATENT APPLICATIONS GOING UP
Patent filings have gone up from 28,940 during 2006–07 to 46904
during 2015–16, representing an increase of 52.93 per cent. In 2016-
17, the number of patents filed were 24,898 , out of which 9,584
were granted.
Out of the total number of 46,904 patent applications, the number of
applications filed by Indian applicants was 13,066 in 2015-2016,
indicating around 10.3 per cent Y-o-Y growth.
Total number of patents granted has dropped marginally in recent
years, primarily due to an increase in the disposal of applications for
which the request of examination was received.
The number of patent applications examined in the first quarter of
FY18 have grown to 11,898 as compared to 1,932 in the
corresponding period last year.
Patenting trends in India
Source: Office of Controller General of Patents, Design, Trade Marks and Geographical Indication, Intellectual Property India
28940
35218
36812
34287
39400
43197
43674
42951
42763
46904
24898
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
Patents Filed Patents Granted
Note: ^ - Figures mentioned are as per latest data available
Name of Institute/University
Applications
filed (2015-16)
Indian Institute of Technology 391
Amity University 99
Bharath University 65
Indian Institute of Science 46
Chitkara University 46
Name of R&D organisations
Applications
filed (2015-16)
Council of Scientific and Industrial Research 323
Samsung R and D Institute India-Bangalore Private
LTD.
271
Director General, Defence Research and
Development Organisation
85
Indian Council OF Agriculture Research 63
Hetero Research Foundation 40
Top 5 Indian applicants for patents from institutes^ Top 5 Indian applicants for patents from R&D organisations^
13. For updated information, please visit www.ibef.orgScience and Technology13
STRONG GROWTH IN R&D INVESTMENTS IN INDIA
OVER THE YEARS
62
66
73
77
0
10
20
30
40
50
60
70
80
90
2014 2015 2016E 2017F
Source: R&D Magazine, International Monetary Fund, World Bank, CIA Fact Book, OECD, Department of Science and Technology
India’s share of global R&D spending rose to 3.64 per cent in 2016
from 3.48 per cent in 2015. It is further expected to rise to 3.75 per
cent in 2017.
As of March 2017, World Intellectual Property Organisation (WIPO)
stated that India is emerging as a leader in frugal and demand driven
innovation among various countries across the globe.
In May 2017, the central government has introduced various startup
intellectual property protection schemes with an aim to ease patent
filing for startups and promote awareness and adoption of IP rights.
To facilitate protection and commercialising of IPRs, these schemes
will be providing access to high-quality Intellectual Property services
and resources. 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 payable
Visakhapatnam port traffic (million tonnes)R&D spending in India (US$ Billion)
Notes: CAGR - Compound Annual Growth Rate, PPP - Purchasing Power Parity, R&D – Research and Development, E – Estimate, F – Forecast
14. For updated information, please visit www.ibef.orgScience and Technology14
INDIA HAS BEEN EXPANDING ITS INVESTMENT
HORIZON ABROAD
21
38
56
100
125
146
183
249
289
332
357
0
50
100
150
200
250
300
350
400
Source: Reserve Bank of India, Department Of Industrial Policy and Promotion (DIPP)
Cumulative overseas direct investments increased to US$ 357.3
billion in September 2017 from US$ 21 billion in FY08, leading to
significant amount of technology transfer through industrial
acquisitions
For instance, Lupin’s total number of patent filings reached 2,837 in
FY17 up from 600 in FY08. In FY17, the company filed 39
formulation patents, 128 API (Active Pharmaceutical Ingredient), 42
in the field of biotech and 103 NDDD patent applications.
As of January 2017, 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.
Visakhapatnam port traffic (million tonnes)
Cumulative overseas direct investment
(US$ billion)
Notes: NDDD – Novel Drug Discovery and Development, FY18* - Up to September 2017
15. For updated information, please visit www.ibef.orgScience and Technology15
INDIA IS FAST EMERGING AS A GLOBAL R&D HUB …
(1/2)
204
220
244
268
295
323
363
387
424
464
508
0
100
200
300
400
500
600
Source: : Zinnov Consulting - Crossing the value chasm,
The number of MNC R&D centers in India has grown at a CAGR of
7.1 per cent from 721 in 2010 to 1165 in 2016.
During 2010-16, the workforce in MNC R&D centers increased at a
CAGR of 8.58 per cent and reached 363,000, which is estimated to
further increase to 387,000 by 2017 in India.
Visakhapatnam port traffic (million tonnes)
721
776
835
872
913
928
943
988
1,033
1,085
1,139
0
200
400
600
800
1,000
1,200
MNC with R&D centers in India
CAGR 4.7%
Notes: CAGR - Compound Annual Growth Rate, MNC – Multinational Corporations, R&D - Research and Development, E – Estimate, F – Forecast
16. For updated information, please visit www.ibef.orgScience and Technology16
INDIA IS FAST EMERGING AS A GLOBAL R&D HUB …
(2/2)
4
76
302
68
25
4
20
9
57
22
21
18
90
11
39
7
62
13
0
50
100
150
200
250
300
350
TravelandTransportation
TelecomandNetworking
Software/Internet
Semiconductors
Pharmaceuticals
Others
MedicalDevices
Media&Entertainment
Industrial
FMCG
Engineeringservices
Energy
Electrical&Electronics
Diversified
Chemicals&Materials
Biotechnology
Automotive
Aerospace&Defence
Source: Zinnov Consulting Report 2015, Global Innovation Index* – By World Intellectual Property Organization
Notes: CAGR - Compound Annual Growth Rate, R&D - Research and Development, YoY- Year on Year, 1 – Source from Capegemini
Until 2005, Tier-1 cities were the favourite destination for MNCs due
to availability of rich talent, favourable policies and 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
and cost arbitrage
R&D related investments and 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 and the 3rd biggest, globally, with 'Silicon Valley' of East
Bengaluru1 leading the charge.
India improved its rank on the Global Innovation Index* for the
second year consecutively. In 2016, India had climbed from being
81st to being 66th and is now ranked at 60th in 2017.
Visakhapatnam port traffic (million tonnes)Vertical-wise distribution of R&D centers in India (2016)
17. For updated information, please visit www.ibef.orgScience and Technology17
INDIA IS ALSO GARNERING THE BENEFITS OF R&D
OUTSOURCING
22.3
38.0
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
2016 2020
Source: Financial Express, Value Notes
Companies across sectors (such as IT, consumer electronics,
personal devices, medical electronics, telecom and automobiles) are
now offshoring complete product responsibility
India has become one of the most preferred location for engineering
offshoring.
The engineering R&D, globalisation and services market in India
increased 11.5 per cent year-on-year to reach US$ 22.3 billion in
2016 and is further expected to grow at a CAGR of 14.25 per cent to
reach US$ 38 billion in 2020.
Newer capabilities such as supply chain, regulatory compliances and
manufacturing engineering are being developed by Engineering R&D
Service providers
Service providers in Europe are increasingly looking at scaling up
and setting offshore operations in India to access cost effective large
talent pool
In April 2017, India and Russia signed a joint declaration to build an
innovation ecosystem between the two countries. The declaration,
which was signed between the Science and Technology (S&T)
Department of India and the Ministry of Economic Development of
the Russian Federation, is expected to promote innovation and
technology entrepreneurship through cooperation and direct contacts
between Russian and Indian clusters and business associations,
techno-parks, business-incubators, high-tech firms, start-up
enterprises, educational and research institutions.
Visakhapatnam port traffic (million tonnes)
Engineering R&D, globalisation and services market
(US$ Billion)
CAGR 14.25%
Notes: R&D - Research and Development, T - Information Technology; CAGR - Compound Annual Growth Rate; Figures mentioned are as per latest data available
18. For updated information, please visit www.ibef.orgScience and Technology18
GLOBAL 500 COMPANIES PRESENCE IN INDIA
Source: Zinnov – Crossing the value chasm
The top 500 R&D spenders contribute over US$ 614 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 and
Mahindra have topped the list of R&D innovators in the automobile
industry. India, being ahead of China, South Korea and Japan, is
generating huge opportunities for Indian automobile brands
As of April 2017, Samsung R&D Institute India filed the maximum
number of patent applications in the country’s IT sector in 2015-16,
followed by TCS and Wipro.
In May 2017, Tata Group announced that the group has displayed
more than 3,300 implemented innovations in its annual innovation
programme over the last two years. This signals increasing focus of
the group towards R&D and new innovations.
Visakhapatnam port traffic (million tonnes)Expenditure by In-House R&D units (in US$ billion)
1.86
2.13
1.84
2.99
4.09
4.58
5.14
0.00
1.00
2.00
3.00
4.00
5.00
6.00
FY11
FY12
FY13
FY14
FY15
FY16
FY17
19. For updated information, please visit www.ibef.orgScience and Technology19
STRONG POLICY SUPPORT CRUCIAL IN DEVELOPING
THE 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 and provide
healthcare financing
Encouraging the
private sector
Source: Union Budget 2014-15, Union Budget 2015-16, Union Budget 2016-17, Health Ministry, Aranca Research
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 US$ 5.94 billion for NABARD fund
In Union Budget 2017-18, Irrigation corpus increased from US$ 2.97 billion to US$ 5.94 billion
Encouraging
investments in rural
areas
As per Union Budget 2015-16, custom duty on life-saving equipment has been reduced to 5 per cent from 25
per cent and have been exempted from the purview of countervailing duty
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
Tax incentives
Incentives and tax holidays are being offered to hospitals and dispensaries providing health travel facilities
Incentives in the medical
travel industry
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
and Industry Ministry conveyed that it is focusing on making the Intellectual Property Rights policy faster and
efficient. Government’s focus on increasing IPR awareness in schools pan India by launching IPR awareness
campaigns was also highlighted.
Policy Landscape
20. For updated information, please visit www.ibef.orgScience and Technology20
SCIENTIFIC AND R&D ORGANISATIONS … (1/2)
Source: Organisational websites
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 and technical personnel. On an average, CSIR files about
200 Indian patents and 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 and societal benefits
for the country
• Its research areas span across aerospace, biotechnology, chemicals, energy, foods, information dissemination, leather,
metals, minerals and manufacturing etc.
• CSIR is ranked at 84
th
among 4851 institutions worldwide and was the only Indian organisation among the top 100 global
institutions in 2014. CSIR filed 225 patents in India and 307 patents abroad in FY17.
Defence Research and Development Organisation (DRDO)
• DRDO is engaged in design and development of weapon systems and equipment in accordance with the requirements of
the military services
• DRDO had a network of 50 labs and establishments to carry out research. As of FY17, it has over 7,410 personnel in
Defence Research and Development Services (DRDS) and about 17,000 other scientific, technical and supporting
personnel. DRDO received 44 patent grants in FY17.
• Its research areas include aeronautics, armaments, combat vehicles, electronics, instrumentation engineering systems,
missiles, materials, naval systems, advanced computing, simulation and life sciences. In June 2015, DRDO’s ballistics
test facility got inaugurated in Ramgarh.
Indian Council of Agricultural Research (ICAR)
• ICAR is one of the largest national agricultural organisations in the world. It consisted of 99 institutes and 53 agricultural
universities across India. ICAR has filed 45 patent applications in FY17.
• It is the apex body for coordinating, guiding and managing research and education in agriculture, including horticulture,
fisheries and animal sciences in India.
21. For updated information, please visit www.ibef.orgScience and Technology21
SCIENTIFIC AND R&D ORGANISATIONS1 … (2/2)
Source: Organisational websites, Aranca Research
Organisation Business description
India Space Research Organisation (ISRO)
• ISRO is engaged in development of space technology and its application to various national tasks, launched Mangalyan
successfully in its very 1st attempt2. In FY17, ISRO received 15 patent grants and filed 12 new patent applications
• The organisation has 19 centers across India to pursue R&D activities and ISRO currently has a constellation of 9
communication satellites, 1 meteorological satellite, 10 earth observation satellites and 1 scientific satellite
• Its research areas include communication satellites for television broadcast, telecommunications and meteorological
applications and remote sensing satellites for management of natural resources
• On February 15
th
, 2017, ISRO made history when its PSLV rocket placed 104 satellites into the space in a single mission.
Indian Council of Medical Research (ICMR)
• ICMR is the apex body in India for the formulation, coordination and promotion of biomedical research and 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 centres and 5
units engaged in medical research
• The council’s research priorities encompass the areas of communicable diseases, fertility control, maternal and child
health, nutritional disorders and non-communicable diseases such as cancer, cardio-vascular diseases, blindness and
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 and health
informatics
• C-DAC filed 20 patent applications in FY16^
Note: R&D - Research and Development, 1 - This list is indicative, 2 - as on 24 September 2014
^ - Figures mentioned are as per latest data available
22. For updated information, please visit www.ibef.orgScience and Technology22
INSTITUTES AND UNIVERSITIES
Source: Organisational websites, IP India, Aranca Research
Organisation Business description
Indian Institutes of Technology (IITs)
• It is a group of autonomous engineering and 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 FY17, IITs filed 141 patent applications.
National Dairy Research Institute (NDRI)
• NDRI is engaged in research, teaching and extension activities in areas of dairy production, processing, management and
human resource development
• Its research activities focus on improving dairy productivity, innovating milk processing technologies and disseminating
information to the various stakeholders in dairy business to make dairying a self-sustaining business
• In FY16, R&D activities comprised 72 in-house and 78 externally funded research projects. In 2014, R&D activities
comprised 19 NAIP projects in consortium model with financial outlay of US$ 21.95 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 and mechanical sciences. A new center for Brain Research is expected to contribute to future growth
• The number of filed patents increased to 44 during 2016.
Notes: R&D - Research and Development, IP - Intellectual Property, ^ - Figures mentioned are as per latest data available
23. For updated information, please visit www.ibef.orgScience and Technology23
PRIVATE SECTOR COMPANIES
Source: Organisational websites
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, and value-
added (nature care) tea
• Worldwide, HUL has over 20,000 registered patents and patent applications
• HUL expenditure on scientific R&D is around US$ 4.6 million in FY17, where the total revenue expenditure is US$ 4.3
million and US$ 0.31 million expenditure made as a capital expenditure
Tata Steel Limited
• Tata Steel undertakes research in areas such as raw materials and coke, iron and ferro alloys, steel making, coated
products, materials characterisation and joining, materials modelling and product design and refractory technology
• The total value of the patent and trademark is around US$ 0.3 million, as on FY17.
• The cumulative patents filed till FY17 were 870 and 360 patents were granted as on FY17.
Cipla Limited
• Cipla’s R&D division focuses on new product development and new drug delivery systems across a range of therapies
• The company’s total R&D spending increased and reached US$ 159.96 million in FY17.
• In FY17, new filings in the formulations segment stood at 32 ANDAs for North America, 9 filings for South Africa, 700+
filings for emerging markets in addition to 900+ renewals.
• It is among the top companies domestically in R&D spending
Notes: R&D - Research and Development, Growth, 1 - This list is indicative, ANDA – Abbreviated New Drug Application
24. For updated information, please visit www.ibef.orgScience and Technology24
Porter’s Five Force Framework Analysis
Contract or academic research centres do
not have any direct influence on the
market, and have little bargaining power
for the commercialisation of technologies
developed
Bargaining Power of Suppliers
With easy access to talent base and low
operational costs, companies may look to
set up in-house scientific research centres
Threat of Substitutes
Competitive rivalry is low; however, there
is indirect competition between contract
scientific research centres due to
development needs of their clients that
operate in the same market and are in
direct competition with each other
Many foreign companies tend to set up
their in-house research centres that may
operate in competition with contract R&D
centres
Competitive Rivalry
The threat of new entrants is low because
of the capital intensive nature of the
business
Threat of New Entrants
There is no direct influence of consumers
on scientific research; however,
technologies are developed keeping
consumer needs in mind
Bargaining Power of Customers
Positive Impact
Neutral Impact
Negative Impact
26. For updated information, please visit www.ibef.orgScience and Technology26
STRONG POLICY FRAMEWORK TO PROMOTE INDIA
AS A R&D HUB
Source: ICRA, Deloitte, PWC, Aranca Research
Strengthening capacity
for basic research
Strengthening
institutional capacity for
research
Strengthening human
capacity for research
Policy
support
Resulting in
In FY17 leading pharma players
spent US$ 1.24 billion on R&D
activities, registering a growth of
about 6 times in comparison with
2009-10.
Notes: R&D - Research and Development
27. For updated information, please visit www.ibef.orgScience and Technology27
STRENGTHENING HUMAN CAPACITIES FOR GROWTH
1,92,819
2,00,000
1,88,000
1,90,000
1,92,000
1,94,000
1,96,000
1,98,000
2,00,000
2,02,000
2009 2015
INSPIRE fellowship growth profile
780 870
1,190
1,000
679 617
0
200
400
600
800
1,000
1,200
1,400
2011 2012 2013 2014 2015 2016
Source: NSTMIS, Department of Science and Technology
Notes: Pursuit for Inspired Research (INSPIRE), 1Upto November 2016, ^ - Figures mentioned are as per latest data available
In recent years, the Indian Government has implemented several
fellowship schemes to nurture human capacity for advanced
research in the country
• The period between 2010-20E has been declared as the “Decade
of Innovation” by the nation and the need for the establishment of
National Innovation Council has been emphasised. To fuel the
growth innovation in science and technology STI (Science,
Technology and Innovation) Policy 2013 was formed.
In 2008, Government launched Innovation in Science Pursuit for
Inspired Research (INSPIRE) scheme, through which the
Government awarded 2,150 research fellowships for doctoral
research and 270 faculty awards for post doctoral researchers
In December 2016, India and Israel announced plans to support R&D
programmes in science and technology sector, with an investment of
US$ 1 million, by both nations.
Number of researchers in India
1
28. For updated information, please visit www.ibef.orgScience and Technology28
LOCAL DEMAND ATTRACTING INVESTMENTS FROM
MNCs … (1/2)
India presents a unique opportunity for companies manufacturing
technologically advanced products, registering per capita income of
US$ 1,538.5 in FY17.
An expanding middle class and rise in purchasing power of rural
residents have boosted demand for innovation and development of
cheap and durable products that could meet the local requirements.
Rising per capita income in India to bring boom in R&D investments
in the country with more and more of foreign players shifting R&D
bases to India.
As of December 23, 2016, Maruti Suzuki announced plans to invest
US$ 305.53 million, during 2017-2019, in its R&D center in Rohtak,
Haryana.
Qualcomm, plans to invest US$8.5 million on design initiatives in
India, which would include funding its innovation labs at Hyderabad
and Bangalore, for R&D.
In May 2017, Apple Inc is looking to expand its contract
manufacturer’s facility and set up new plants in Bengaluru, India, as
the iPhone wants to get a larger share of the market.
Per Capita Income (in US$ )
Source: IMF, World Bank, India Budget, Government of India Press Information Bureau Government of India, Ministry of Statistics and Programme Implementation
945.9
1058.0
1179.3
1288.6
1403.0
1538.5
-2%
-1%
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
FY12
FY13
FY14
FY15
FY16
FY17
Note: E- Estimates, F - Forecast
29. For updated information, please visit www.ibef.orgScience and Technology29
LOCAL DEMAND ATTRACTING INVESTMENTS FROM
MNCs … (2/2)
Total number of MNC R&D centres in India
191
297
517
699
780
871
1,031
1,208
0
200
400
600
800
1,000
1,200
1,400
Before'00
2001-02
2003-04
2005-06
2007-08
2009-11
2011-13
2013-17*
Source: FICCI, Department of Science and Technology, Zinnov, Aranca Research
Notes: Figures mentioned are as per latest data available; *As of Feb 2017
Lower development cost, rising technology intensity and growing
local demand for top of the line unique technology products have
attracted R&D investments from foreign companies in India, making
it one of the largest outsourcing provider in R&D segment
About 28 per cent companies with headquarters in Japan, the EU
and APAC have R&D centres in India
30. For updated information, please visit www.ibef.orgScience and Technology30
FAVOURABLE POLICY MEASURES AIDING GROWTH
Source: News articles, Science and Technology Policy 2013
Science Technology and Innovation Policy 2013
The key elements of the STI policy are:
Developing synergies between science, technology and innovation
Providing a fresh perspective on innovation in an Indian context
Charting a high-technology path for creating a science, research and innovation system in India
Promoting proliferation of scientific temper among all sections of the society
Enhancing skill for applications of science among the young from all social strata
Making careers in science, research and innovation attractive to the brightest students
Establishing world class R&D infrastructure for gaining global leadership in some select frontier areas of science
Positioning India among the top 5 global scientific powers by 2020
Encouraging private sector to invest in research and development in Science and Technology.
Setting up of large scale R&D facilities via PPP mode.
Setting up of regulatory framework for sharing IPRs between inventors and investors.
Migrating R&D outputs into commercial applications by replicating hitherto successful models as well as establishing new structures
Facilitating S&T-based high-risk innovations through new mechanisms
Triggering changes in the mind-set and value systems to recognise, respect and reward performances that create wealth from S&T derived
knowledge
Increasing R&D spending to 2.4 per cent of GDP by 2034
31. For updated information, please visit www.ibef.orgScience and Technology31
A state-of-the-art multi-gigabit (multiples of 10 Gbps) pan-India network is planned to link some 5,000 nodes
in India
It will be the sole vehicle for international connectivity in future
2010–2020 has been declared the Decade of Innovation to stimulate innovations and produce solutions for
societal needs such as healthcare, energy, infrastructure, water and transportation
Innovation universities would be set up as public private partnerships to develop new hubs of education,
research and innovation
The Educational market in India has the potential of reaching US$ 180 billion by FY20 with the increasing
demand for quality education.
KEY GOVERNMENT INITIATIVES…(1/2)
Source: Department of Science and Technology, Government of India, and Other Government websites
National Knowledge
Network
National Innovation
Council
The Government of India has taken various steps to generate interest and promote investments in the Science and Technology sector
Improving Academia
32. For updated information, please visit www.ibef.orgScience and Technology32
Key focal points include:
Aims at promoting scientific thinking.
Communicating science and technology to masses using digital media, folk media and digital media.
Focus on training in science and technology communication, incentive programmes, production and
dissemination of S and T software, development and research in S&T.
Important initiatives under NCSTC include Mathematics Awareness Resources and Initiatives (MARI),
campaigns over Year of Scientific Awareness, the National Science Day, the National Children’s Science
Congress, Science Express, etc.
An innovative R&D perspective to promote big data science, technology and applications within the country.
Aims at developing core generic technologies, tools and algorithms for wide applications in industries,
government and academia.
Extraction of useful knowledge hidden in in-size data repositories.
Understanding the current status of industry in terms of policy framework, distinct players providing services
across sectors, market size, SWOT of industry, etc.
KEY GOVERNMENT INITIATIVES…(2/2)
National Council for
Science and
Technology
Communication
(NCSTC)
Source: News articles, Government websites, swissnex India
Big Data Initiative
(2016)
The Government of India has taken various steps to generate interest and promote investments in science and technology sector
Launched as a major “umbrella capacity-building programme”
Aimed at development of infrastructure for nano science and technology research
Process of laying down a Roadmap for Regulatory Framework for Nanotechnology in India has been
initiated
The number of projects funded under the mission has increased from 38 in FY15 to 56 in FY16 to 67 in
FY17.
Nano Mission
33. For updated information, please visit www.ibef.orgScience and Technology33
INDIA AS CENTRE OF EXCELLENCE
Source: swissnex India, NSTMIS
In FY2017, Indian Institute of Science, Bengaluru has been
acknowledged as India’s leading science institution.
As of November 2016, Ministry of Earth Sciences,
Government of India and Japan Agency for Marine-Earth
Science and Technology (JAMSTEC) have signed a
Memorandum of Understanding (MoU) for advancement of
academic research in the field of Earth Sciences
As on November 2016, India has become an associate
member at European Organisation for Nuclear Research
(CERN)
Notes: (1)Centre of Excellence are identified using a threshold of minimum of 200 research papers in the top decile of global research (2014); As per Latest Data available
34. For updated information, please visit www.ibef.orgScience and Technology34
POLICY SUPPORT AIDING GROWTH IN THE SECTOR
Exchange of scientific knowledge between research centers, national laboratories, institutes of higher learning
and the industry
The Indian Government plans to involve the private sector in R&D mainly for sectors like vaccines, drugs and
pharmaceuticals, super computing, solar energy and electronic hardware. The govt. has announced to create a
US$ 16 million fund for setting up R&D units with the help of industries
The government has created a US$ 1.1 billion public-private partnership fund to support R&D in India
PPP in R&D
Source: Battelle, Electronics for You, Union Budget 2015-16, Organisational websites
Government has announced to set up five new All India Institute of Medical Sciences in Jammu and Kashmir,
Punjab, Tamil Nadu, Himachal Pradesh, Assam and set up of IIT in Karnataka and 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 US$ 24.84 million will boost the academicians, Entrepreneurs and researchers to
work towards innovation
Funded institutions
and foreign universities
In Union Budget 2016-17, Government of India has announced its plans to make ten public and ten private
institutions as world class teaching and research institutes
Under Union Budget 2017-18, Central Government is planning to establish 100 India International Skills
Centres, across the country
Science and
Technology
Note: PPP - Public Private Partnership
36. For updated information, please visit www.ibef.orgScience and Technology36
Establishment of Software Technology Parks of India (STPI’S)
National Policy of IT aims at bringing the power of ICT within the reach of all its citizens to enable India to
emerge as a global hub for IT by 2020
Cloud computing presents endless opportunities in wireless technologies
3rd largest pharmaceuticals market by 2020
US$ 55 billion in revenues by 2020 and US$ 26.1 billion in genetics in 2016
A new Health Policy 2015-2025 to focus on healthcare for all holistically
Automation and environmental sustainability are the key focus areas for manufacturing companies
The National Manufacturing Policy targets at creating 100 million additional jobs in the sector by 2025
Planned expenditure in R&D in manufacturing sector increased by 63 per cent in 2016-17 as compared with
that in 2015-2016
Multi-disciplinary research to combine emerging concepts in nanotechnology with fundamental metallurgical
chemistry is the way forward
Bio-energy is emerging as a promising alternative to meet rural energy needs in India
Targets set by Bioenergy Programme: By 2020, 20 per cent blending of fossil fuels will be done, cost
effective production system for algal biofuel, next generation biofuels produced from agricultural waste
The water demand of industry will account for 8.5 per cent and 10.1 per cent of the total fresh water
abstraction in 2025 and 2050 respectively
R&D efforts should concentrate on developing technologies for treatment, recycling, recovery, reuse and
efficient use of water
R&D OPPORTUNITIES IN VARIOUS SUB SECTORS IN
INDIA
ICT and wireless
technology
Source: Make In India, FICCI
Pharmaceuticals and
Health Care
Manufacturing
technologies
Material energy
Bio-energy
Water technologies
37. For updated information, please visit www.ibef.orgScience and Technology37
RISING R&D ACTIVITIES IN THE INDIAN
PHARMACEUTICAL SECTOR
28
55
0
10
20
30
40
50
60
2016 2020F
R&D spending by top six pharma giant FY17
(US$ million)
359 333 303
166
85 84
28
0
50
100
150
200
250
300
350
400
Lupin
Sun
Pharma
Dr
Reddy
Cipla
Wockha
rdt*
Aurobin
do
Cadila*
Source: Make in India, FICCI, Ministry of Chemicals and Fertilizers- Department of Pharmaceuticals, Aranca Research
Notes: : F denotes Forecasted, *: For FY16
Indian pharmaceutical market is expected to expand at a CAGR of
18.89 per cent during 2016-2020
Key drivers that will fuel the sector’s growth include rising income
levels, increase in chronic diseases, better medical infrastructure,
wider health insurance reach and supportive healthcare policies
Creation of new drug testing laboratories and further strengthening of
31 existing state laboratories
A weighted tax deduction is given under section 35(2AA) of the
Income Tax Act
Allocation of US$ 364.96 million to set up four more institutions of the
stature of AIIMS in J&K, Punjab, Tamil Nadu, Himachal Pradesh and
Assam. Another AIIMS to be set up in Bihar
Setting up of projects in special areas such as the North-East,
Jammu and Kashmir, Himachal Pradesh and Uttarakhand
Companies need to develop drugs for diseases local to India and
other tropical countries
Overall R&D expense by Indian companies has been around 5 per
cent of sales and is expected to increase in coming years
Indian pharmaceutical market (US$ billion)
38. For updated information, please visit www.ibef.orgScience and Technology38
The aim is to accelerate innovative Indian technologies into the global market
This programme is a joint initiative of FICCI, Dept. of Science and Technology, Govt. of India and others
The Government’s focus is on using the world class commercialisation strategies and business
development assistance to expand in the global market
Special incentive mechanisms are being developed to stimulate research in universities and develop young
leaders in science and engineering
The policy framework is being devised to enable school science education reforms, by improving teaching
methods and science curricula
Government is promoting investments in basic research to improve research quality to meet global
standards and to address national challenges
Leveraging international S&T co-operation, the government has planned co-investment of resources for
joint initiatives with Australia, Canada, Germany, etc.
The government has its focus on investing in R&D of technologies that address the needs of rural India
In April 2017, a joint declaration was signed between National Science and Technology Entrepreneurship
Development Board and the Ministry of Economic Development of the Russian Federation to build an
innovation ecosystem to promote technology entrepreneurship
As of August 2017, the Government has sanctioned US$ 1.39 billion for ISRO to build and launch 31
rockets in the next three to four years
Through Science, Technology and Innovation Policy, the Government is promoting the establishment of
large R&D facilities in PPP mode with provisions for benefits sharing
Promoting multi-stakeholder participation in the Indian R&D system
As per recent RBI (Reserve Bank of India) norms, start-ups can now access foreign currency loans of up to
US$3 million in a year, under the external commercial borrowing (ECB) route
THE WAY FORWARD … (1/2)
India Innovation Growth
Programme
Source: Science, Technology and Innovation Policy 2013; Department of Science and Technology
Human capital
development
Investment to promote
Research
Attracting investment
from private sector
39. For updated information, please visit www.ibef.orgScience and Technology39
Two separate spacecrafts, Indian Space Research Organisation's (ISRO) Chandrayaan-2 and India's first
private moonshot Team Indus, are to be launched to the moon between November 2017 and March 2018.
The Indian Institute of Science Education and Research (IISER), which served as a part of a global team of
scientists, proposed to set up a LIGO (Laser Interferometer Gravitational Wave Observatory) detector in
India. LIGO will help in detection and observation of gravitational waves.
GridRaster Inc, working in the virtual and augmented reality space, has raised US$ 2 million as seed
funding, which will be used for marketing and product development.
Through Science, Technology and Innovation policy, the Government promotes mechanisms for nurturing
technology business incubators and science led entrepreneurship
Also promoting incentives for commercialisation of innovations with focus on green manufacturing
In April 2017, the President of India presented the National Geo-science Awards 2016. Since the past 5
decades, these awards have emerged as the most coveted recognition in the field of geo-sciences and
they have encouraged scientists to achieve higher levels of excellence
As of May 2017, more than thousand scientists have returned to the country on various scholarships and
fellowships, to promote research and development activities in various fields. Fellowships like VAJRA
(Visiting Advanced Joint Research), launched in January 2017, have been successful in attracting overseas
scientists and academicians, especially NRIs.
As of July 2017, a five year technology fund with US$ 4 million yearly investment, called Israel India
Innovation Initiative Fund (I4F), has been launched by India and Israel to boost bilateral ties.
THE WAY FORWARD (CONTD.) … (2/2)
Recent Developments
Source: Science, Technology and Innovation Policy 2013, News Aricles
Promoting innovation
Attracting investment
from private sector
Two separate spacecrafts, Indian Space Research Organisation's (ISRO) Chandrayaan-2 and India's first
private moonshot Team Indus, are to be launched to the moon between November 2017 and March 2018.
Through Science, Technology and Innovation policy, the Government promotes mechanisms for nurturing
technology business incubators and science led entrepreneurship
Also promoting incentives for commercialisation of innovations with focus on green manufacturing
In April 2017, the President of India presented the National Geo-science Awards 2016. Since the past 5
decades, these awards have emerged as the most coveted recognition in the field of geo-sciences and
they have encouraged scientists to achieve higher levels of excellence
As of May 2017, more than thousand scientists have returned to the country on various scholarships and
fellowships, to promote research and development activities in various fields. Fellowships like VAJRA
(Visiting Advanced Joint Research), launched in January 2017, have been successful in attracting overseas
scientists and academicians, especially NRIs.
As of July 2017, a five year technology fund with US$ 4 million yearly investment, called Israel India
Innovation Initiative Fund (I4F), has been launched by India and Israel to boost bilateral ties.
Promoting innovation
41. For updated information, please visit www.ibef.orgScience and Technology41
HUL: A LEADING INNOVATOR IN FMCG
19
22
34.4
20.7
15.1
10.2
8.8
4.6
0
5
10
15
20
25
30
35
40
2010 2011 2012 2013 2014 2015 2016 2017
Source: Economic Times, Company Annual Reports, Company website
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 and 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
20161.
The company has over 20,000 registered patents and patent
applications worldwide
HUL is also driving innovation in various categories such as oral
care, personal products and soaps and detergents etc.
Visakhapatnam port traffic (million tonnes)Strong research and development (US$ million)
Notes: CAGR: Compound Annual Growth Rate, 20161 – Data as on August 2016
42. For updated information, please visit www.ibef.orgScience and Technology42
EVOLUTION OF ISRO
Notes(1): CAGR - Compound Annual Growth Rate
ISRO was formed on
August 15, 1969
First Indian Satellite,
Aryabhata, was launched
on April 19, 1975
First operational Indian Remote Sensing satellite, IRS-
1A, was launched on March 17th, 1988.
On December 28th, 1995, third operational Indian
Remote Sensing Satellite, IRS-1C, was launched.
The third developmental launch of PSLV with IRS-P3
took place on March 21, 1996 and the satellite placed
in Polar Sun Synchronous Orbit.
Ten satellites on April 28, 2008 and eight
Nano Satellites for International
Customers, under a commercial contract
with Antrix Corporation, were launched.
India’s first Radar Imaging Satellite
(RISAT-1) from Sriharikota was launched
on April 26, 2012.
On July 18, 1980, Rohini satellite
was successfully placed in orbit in
second experimental launch.
In April 1984, Indo-Soviet manned
space mission.
Indian Remote Sensing Satellite, IRS-P4,
was launched by Polar Satellite Launch
Vehicle along with Korean KITSAT-3 and
German DLR-TUBSAT, on May 26, 1999.
On January 10, 2007, four satellites were
launched successfully – India’s Cartosat-2
and Space Capsule Recovery Experiment
as well as Indonesia’s LAPAN-TUBSAT and
Argentina’s PEHUENSAT-1.
1969 - 1975
1976- 1987
1997-2007
1988-1996 2008-2012
Mars Orbiter Mission, the India’s first
interplanetary mission to planet Mars, was
successfully launched on November 05, 2013.
India’s Mars Orbiter Spacecraft successfully
entered into an orbit around planet Mars on
September 24, 2014.
ISRO made history on February 15th, 2017 when
its PSLV rocket placed 104 satellites into the
space in a single mission.
ISRO is planning to launch 30 satellites in a
single mission on board its PSLV in December
2017.Source: World Steel Association (WSA), DIPP, DataMonitor, Aranca Research
2013-2017
44. For updated information, please visit www.ibef.orgScience and Technology44
INDUSTRY ORGANISATIONS
Visakhapatnam port traffic (million tonnes)National Academy of Sciences Indian Science Congress Association
Address: 14, Dr Biresh Guha Street
Kolkata – 700017, India
Tel: 91- 33- 22474530
Fax: 91- 33- 2402551
Email: iscacal@vsnl.net
Address: 5, Lajpatrai Road,New Katra
Allahabad - 211 002, India
Tel: 91- 532- 2640224
Fax: 91- 532- 2641183
Visakhapatnam port traffic (million tonnes)Indian National Science Academy Indian National Academy of Engineering
Address: 117 Nalanda House, IIT Campus,
Hauz Khas, New Delhi 110 016, India
Tel: 91- 11- 26582475
Fax: 91- 11- 26856635
Email: inae@nda.vsnl.net.in
Address: Bahadur Shah Zafar Marg,
New Delhi – 110002, India
Tel: 91- 11- 23221931
Fax: 91- 11- 23235648
Email: esoffice@insa.nic.in
Visakhapatnam port traffic (million tonnes)Indian Academy of Sciences Department of Science and Technology
Address: Technology Bhavan, New Mehrauli Road
New Delhi – 110016, India
Tel: 91- 11- 26567373
Fax: 91- 11- 26864570
Email: dstinfo@nic.in
Address: C. V. Raman Avenue, Post Box No 8005
Sadashivanagar, Bangalore 560 080
Tel: 91- 80- 23612546
Fax: 91- 80- 23616094
46. For updated information, please visit www.ibef.orgScience and Technology46
GLOSSARY
CAGR: Compound Annual Growth Rate
FDI: Foreign Direct Investment
FY: Indian Financial Year (April to March)
• So FY12 implies April 2011 to March 2012
GOI: Government of India
MNC: Multinational Company
GERD: Gross Expenditure on Research and Development
STI: Science Technology and Innovation
Y-o-Y: Year on Year
INR: Indian Rupee
US$ : US Dollar
LCV: Light Commercial Vehicle
PPP: Public Private Partnership
Wherever applicable, numbers have been rounded off to the nearest whole number
47. For updated information, please visit www.ibef.orgScience and Technology47
EXCHANGE RATES
Year INR Equivalent of one US$
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 67.09
Q1 2017-18 64.46
Q2 2017-18 64.29
Year INR Equivalent of one US$
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 67.21
H1 2017 65.73
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Source: Reserve bank of India, Average for the year
48. For updated information, please visit www.ibef.orgScience and Technology48
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