R&D News

Dr Saraswat also reiterated NITI Aayog’s commitment to driving systemic reform through continuous engagement with stakeholders and evidence-based policy recommendations.

Given the high risk, lengthy development periods, and low success rates in research, continuous investment is crucial, he added.

The report is titled 'Recommendations to build stronger ties between India & Australia in technology and innovation. The report is prepared by the Indo-Australian Chamber of Commerce. Indian and Australian governments could put in place pathways for closer collaboration.

The Indian Institute of Technology-Bombay (IIT-B) witnessed participation from 305 recruiters offering a total of 1,114 jobs in the process of 2016-17 campus placement. The average gross salary offered is Rs. 11.41 lakhs per annum.

US tech giant Apple will open a second research and development centre in China to focus on manufacturing and software development as it looks to increase its foothold in in the world's second largest economy amid tough competition from domestic rivals.

E-marketplace major Snapdeal will spend USD 100 million (Rs 640 crore) in the next three years on research and development as it looks to bring solutions to enrich online shopping experience as the competition hots up in the booming e-commerce industry in India.

The company, which expects the centre to be operational in the next few months, will focus on localising its products and features for the Indian market through the unit.

New areas that have emerged this year are electric power engineering, buildings and construction, semiconductors and electronic components, lighting and heating and engines, pumps and compressors. There is an increase in patent numbers in these industries.

India accounts about 3 percent of USD 1.6 trillion of global gross expenditure on research and development (GERD) in PPP (purchasing power parity), which is around five times lower than that of its neighbour China, the Economic Survey said Wednesday.

Indian Drug Manufacturers' Association (IDMA) Wednesday asked the government that 'control samples' and samples given to physicians be exempted from duties and taxes in the Budget.