Financial Daily from THE HINDU group of publications
Saturday, Nov 09, 2002
Financial Daily from THE HINDU group of publications Saturday, Nov 09, 2002 |
|
|
|
|
|
Corporate
-
Research & Development Dhindsa says higher outlay for R&D must Our Bureau
The Minister for Chemicals and Fertilisers, Mr S.S. Dhindsa, with the Minister of State, Mr Tapan Sikdar (second from left), inaugurating a meeting with representatives of the chemical, petrochemical & pharmaceutical sectors in the Capital on Friday.
NEW DELHI, Nov. 8 THE Union Minister for Chemicals and Fertilisers, Mr S.S. Dhindsa, today expressed his concern over the meagre allocation of resources for research and development. Expenditure on R&D would have to be raised at least to 2 per cent of a company's turnover if the domestic industry intended to catch up with global technological advancements, the Minister said at an interactive session between the Government and the pharmaceutical, chemical and petrochemical industry. Given the post-2005 scenario, when product patents would have to be adhered to, he said that the domestic pharma industry would have to intensify its efforts towards new drugs, novel products and delivery systems to maintain an edge in the market.
Send this article to Friends by
E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|