INDIAN COS SPEND DISMALLY ON RESEARCH AND DEVELOPMENT

Article Abstract:

Indian corporates are spending very little on research and development. Instead of developing new technologies, the companies choose to either go in for technology tie-ups or borrow technology by paying royalty. (ag) ------------------------------------------------------------ Research and development expenditure of some companies (Rs in lakh) ------------------------------------------------------------ Company Expenditure Expenditure as a % of sales ------------------------------------------------------------ Bajaj Auto 2,413.00 0.91 ------------------------------------------------------------ GEC Alsthom 476.74 0.90 ------------------------------------------------------------ Asian Paints 538.80 0.67 ------------------------------------------------------------ Thermax 343.40 0.65 ------------------------------------------------------------ Eveready Industries 334.24 0.61 ------------------------------------------------------------ Philips 761.89 0.49 ------------------------------------------------------------ Exide Industries 262.86 0.46 ------------------------------------------------------------ Tata Tea 397.70 0.44 ------------------------------------------------------------ Britannia 220.00 0.26 ------------------------------------------------------------ Hindustan Lever 3,485.00 0.42 ------------------------------------------------------------

Comment:

India: Corporates spend very little on R&D as cos choose to either go in for tech tie-ups or borrow tech by paying royalty

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
Research & development outlays, Research & Development, Scientific Research and Development Services, India, Research institutes, Article

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RAMADA HOTEL MANOHAR GETS 5-STAR STATUS

Article Abstract:

The Government of India's Classification Committee has granted five star status to Ramada Hotel Manohar (RHM). The 170 room hotel is located in Hyderabad and is the first Indian hotel to secure the ISO 9002 certification from the Bureau of Indian Standards and Raad Voor Accreditive of Netherlands. The hotel reported an occupancy rate of 70 percent for the past six months. It proposes to add 100 more rooms and further raise its occupancy rate. (ag)

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
Product standards, safety, & recalls, Hotels & Motels, Hotels (except Casino Hotels) and Motels, Indonesia, Hotels and motels, Ramada Hotel Manohar

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