Wednesday, February 18, 2009
R&D for Indian Auto companies t prove csotly
The indian Govt. is planning to reduced the Funding it givest ot Auto companies from 100% to 50%. The govt. will instead fully fund the Research and development costs of small Auto part makers . Govt. rationale behind this move is that Big Auto co's like Maruti, Tata etc have capability to fund a part of R&D but small co's can't do that...Accoring to GVt. this move would move more equitable spending on Research and development by including smaller players also......
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• US patents on key components for some important HIV drugs are poised to expire starting in December and Laurus Labs is gearing up to cash in.
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