Government to fund up to 60 per cent R&D cost for e-vehicles

Source: The Economic Times, Jan 11, 2017

NEW DELHI: The government has, for the first time, decided to fund up to 60% of the research and development (R&D) cost for developing indigenous low-cost electric technology that will help power two-, three-wheelers and commercial vehicles operating in public spaces, a move aimed at reducing pollution.

The government, which considers electric mobility as an alternative to cut pollution and boost its ‘Make in India’ initiative, expects low-cost electric technology to help replace petrol and diesel-run vehicles, which are currently used as public transport. Read the rest of this entry »

Kellogg plans first R&D unit in India

Source: Times of India, Aug 17, 2015

Chennai: World’s largest cereal maker, the $14.6-billion Kellogg Company, wants to triple the size of its Indian business. Kellogg India is a roughly Rs 800-crore company, contributing 10% to the parent’s Asia-Pacific revenues, making the country its fastest growing market in the region. The plan is to take this contribution to 20% in five years.

Considering that Kellogg India is growing in double-digits, the Michigan-based parent is making large investments in manufacturing and also plans to set up its first R&D facility in the country at Taloja, near Mumbai. Emerging markets like India are key to Kellogg Company, whose second quarter earnings fell 24% from a year ago, with persistent weakness in its core US cereal market.

After making an investment of $60 million in its second manufacturing plant at Sri City (Andhra Pradesh), Kellogg Company is already planning to set up a third cereal facility in India in 3-4 years. The company expects the demand to grow in the wake of changing breakfast habits in India. In an exclusive interview to TOI, John Bryant, chairman & CEO, Kellogg Company, said: “In the last 12-18 months, we invested about $100 million in India, which gives the potential size of opportunity here.”

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Twitter to set up R&D facility in Bengaluru

Source: LiveMint.com, Feb 05, 2015

aMumbai: Twitter Inc. plans to set up a research and design (R&D) centre in Bengaluru to grow faster in emerging markets, according to a 4 February report by The Financial Times newspaper. This will be the San Francisco-based company’s first such facility outside the US.

Twitter plans to use Bengaluru-based mobile marketing and analytics company ZipDial Mobile Solutions Pvt. Ltd’s team to build this new R&D facility, the report said, citing people familiar with the matter who it did not name. Read the rest of this entry »

Bosch opens new research & tech centre

Source: The Hindu Business Line, Feb 04, 2014

Bangalore: Bosch on Monday opened a new research and technology centre in India.

The company plans to invest Rs 1,200 crore in the country this year. The investment will be towards capacity expansion and strengthening of R&D facilities, among others.

The new centre will work in the area of internet of things and services.

Bosch

Bajaj Electricals to set up R&D hubs globally

Bajaj  ElectricalsSource: Business Standard, Jul 15, 2013

New Delhi: Bajaj Electricals is readying itself for global expansion, for which it plans to set up an integrated research and development centre to create next generation of products.

The company, celebrating 75 years in business, is looking to set up hubs to cater to new global regions as part of plans to scale up export contribution to its turnover from one per cent now.

“One thing we have not done in last the 75 years is to take our products across the globe,” Joint Managing Director Anant Bajaj said.

“We are in the process of bringing an integrated R&D centre,” Bajaj said, adding the intention was “to become innovation-driven R&D company and to create next generation of products”. He, however, did not share details of where the R&D centre would be set up and what kind of investments would be made. Bajaj said: “We may not necessarily have things happening in every single country directly but we would make hubs.”

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Tax relief for R&D centres as FinMin relaxes norms

Source: Business Standard, Jul 01, 2013

The government on Sunday brought some tax relief to development centres engaged in contract research and development (R&D) services with insignificant risk by relaxing norms for identifying these. As captive centres of multinational companies perform minimal functions for the parent and share a low risk, these would be subjected to a less stringent way of computing taxable income.

The Central Board of Direct Taxes (CBDT) revised its circular no 3 of March to classify R&D centres set up by foreign companies in three broad categories based on functions, assets and risk assumed by the centre established in India. These include centres which are entrepreneurial in nature; centres which are based on cost-sharing arrangements; and centres which undertake contract R&D.

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Engineering R&D services mkt to reach $42 bn by 2020

Source: Business standard, Sept 25, 2012

Mumbai: After a lull of almost three years, multinationals are back to spending on engineering research and development (R&D). The impact of this is showing on the Indian captive engineering R&D centres’ growth.

In last one-and-a-half years, about 39 captive centres were set up by MNCs in India. Some of these were MNCs like Hitachi, Panasonic, Ricoh, Faurecia, Peugeot among others, said a study by Zinnov Management Consulting.

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