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Tuesday, January 24, 2023

The Future of Farming Robots - 13 High Tech Examples (Compilation)

Startup India 5 years journey

 The government has come out with report card after a 5 year jouney. 

Has India reached the inflection point? The billions of dollars going into startups represent large bets on distant outcomes, not value generation by way of revenues.







Sunday, January 22, 2023

Social Stock Exchange (SSE) -India

 On 19 September 2022, SEBI vide a circular No. SEBI/HO/CFD/PoD-1/P/CIR/2022/120 (the Framework), issued a detailed framework prescribing the minimum requirements to be followed by an Not for Profit Organisation (NPO) that desires to be registered/listed on an SSE. The main themes of the Framework are depicted below:

  • Registration of a Not for Profit Organisation (NPO)
  • Disclosure to be provided by NPOs for raising funds through the issuance of Zero Coupon Zero Principal (ZCZP) Instruments
  • Annual disclosures to be provided by an NPOs 
  • Disclosures forming part of the Annual Impact Report (AIR) submitted by Social Enterprises (SEs). 
  • The circular also prescribes the time limit for submission of statement of utilisation of funds by an NPO.
Access the documet:

Monday, January 16, 2023

Setting up and Operation of Campuses of Foreign Higher Educational Institutions in India- feedback on draft invited.

University Grants Commission (UGC) invites comments/ suggestions/ feedback on draft University Grants Commission (Setting up and Operation of Campuses of Foreign Higher Educational Institutions in India) Regulations, 2023

Deadline: January 18, 2023

Eligibility:

  • If the applicant is a foreign university, it should have secured a position within the top 500 of overall / subject-wise global rankings, as decided by the Commission from time to time;
  • The campus of Foreign Higher Educational Institutions may evolve their admission process and criteria to admit domestic and foreign students.
  • The Foreign Higher Educational Institutions shall have the autonomy to recruit faculty and staff from India and abroad as per its recruitment norms. 6.2.It may decide the qualifications, salary structure, and other conditions of service for appointing faculty and staff. However, the FHEI shall ensure that the qualifications of the faculty appointed shall be at par with the main campus of the country of origin. 6.3.It shall ensure that the foreign faculty appointed to teach at the Indian campus shall stay at the campus in India for a reasonable period.

Read the draft-https://www.ugc.ac.in/pdfnews/9214094_Draft-Setting-up-and-Operation-of-Campuses-of-Foreign-Higher-Educational-Institutions-in-India-Regulations-2023.pdf

Sunday, January 15, 2023

Compendium of Technologies available for transfer from IIT Delhi

 

IIT Delhi has filed more than 100 patents each calendar year for the last 5 years in a row , the technology transfer set-up led by Foundation for Innovation and Technology Transfer, IIT Delhi (FITT) strives to increase licensing deal flows.  In the recently held Industry Day at IIT Delhi, a compendium of IIT Delhi’s technologies was released. In the context that University technologies are generally early stage, this compilation by FITT captures 4 or higher TRL stuff. 

Some areas for Licensing

  • Communication
  • Environment
  • Electric Vehicles
  • Energy Management
  • Healthcare
  • Life Sciences
  • Material Sciences
  • Motors and Machines
  • Power Generation and Disctribution
  • Renewable Energy
  • Smart Technologies
  • Textiles


Tuesday, January 03, 2023

CII Industrial Innovation Awards 2022

Grand Award- The Most Innovative Company 2022 –Lohum made a breakthrough by launching Metelec™Lithium-ion battery recycling and extraction technology at significantly lower financial and environmental expenses.

Top Innovative Company (Large) in Manufacturing:  Tata Chemicals for High dispersible silica - a patented product.

Top Innovative Company (SME) in Manufacturing: Lohum for their patented Metelec™Lithium-ion battery recycling and extraction technology.

Top Innovative Company (Large) in Service: TATA Elxsi Ltd for Future of Connected TV.

Top Innovative Company (SME) in Service: GPK Logistech Pvt Ltd for StoreMart innovation.

Undem Making biodegradable Low-Density Polythene (LDPE) using thermoplastic starch.

This is followed by IIT Madras.

Top 3 Most Innovative Institute 2022 under the category of Disruptive Innovation goes to Thiagarajar Polytechnic College, Paavai Engineering College and Kumaraguru College of Technology

Top 3 Most Innovative Institute 2022 under the category of Innovation Quotient goes to IIT Roorkee, International Institute of Information Technology and Northern India Textile Research Association.

Top 3 Most Innovative Institute 2022 under Innovation Realisation goes to IIT Madras, IIT Palakkad and Uttaranchal University

 Other companies who secured position in Top Innovative companies are:

-         Mahindra & Mahindra Ltd

-         Bosch Ltd f

-         Uno Minda Ltd

-         Nokia Solutions and Networks India Pvt Ltd

-         Dr Reddy’s Laboratories

-         Tata Steel Ltd

-         Forbes Marshall Pvt Ltd

-         Kone Elevators India

-         Bharat Heavy Electricals Ltd

-         Tata Motors Passenger Vehicles Ltd

-         Tata Chemicals Ltd

-         Bharat Fritz Werner Ltd

-         Shriram Pistons and Ring Ltd

-         SEG Automotive India Pvt Ltd

-         Thermax Limited

-         National Engineering Industries Ltd

-         Pidilite Industries Ltd

-         Dalmia Cement Bharat Ltd

-         Adani Defence and Aerospace

-         Pricol Ltd

-         Merino Industries

-         Tata Hitachi Construction Machinery

-         Garrett Motion Technologies (India) Pvt. Ltd.

-         Sona BLW Precision Forgings Ltd

-         NestlĂ© India Ltd.

-         Sterlite Technologies Ltd

-         Fluid Controls Pvt Ltd

-         Polymedicure Ltd

-         Praj Industries Ltd

-         Meteoric Biopharmaceuticals Pvt. Ltd.

-         KOHINOOR ELASTICS PVT. LTD.

-         MICROLIT

-         VST Tillers Tractors Ltd.

-         ELICO Ltd.

-         MATRIX COMSEC

-         Lohum

-         Ramelex Pvt Ltd

-         Paques Environmental Technology India Pvt. Ltd.

-         SAHAJANAND TECHNOLOGIES Pvt. Ltd.

-         Avantel Limited

-        GLOBAL ENGINEERS LIMITED 

-        Accenture Solutions Private Limited

-        The TATA Power Company Limited

-        Tata Elxsi

-        CitiusTech

-         Access Healthcare

-         Syngenta Biosciences

-         Bigbasket

-         Adani Transmission Ltd

-         Mercedes Benz Research and Development India (MBRDI)

-         Tsecond Generation Technology Pvt Ltd.

-          IntelliSmart Infrastructure Pvt. Ltd.

-          Plutomen Technologies Pvt. Ltd.

-          Online PSB Loans Limited

-          GPK Logistech Pvt. Ltd

-          Judge India Solutions

-          TMS TECHNOV M SYSTEMS P LIMITED

-          Ekta Telecommunication & Systems

-          Revayu Systems Private Limited

-          Webskitters Technology Solutions Pvt Ltd

Monday, January 02, 2023

The Ministry of Electronics and Information Technology invites feedback on the draft amendments to the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 in relation to online gaming

 With the user base of online games growing in India, need has been felt to ensure that such games be offered in conformity with Indian laws and that the users of such games be safeguarded against potential harm. Further, with a view to enable consideration of issues related to online gaming in their totality, Government of India has allocated matters related to online gaming to the Ministry of Electronics and Information Technology.

The draft amendments envisage that an online gaming intermediary shall observe the due diligence required under the rules while discharging its duties, including reasonable efforts to cause its users not to host, display, upload, publish, transmit or share an online game not in conformity with Indian law, including any law on gambling or betting. Moreover, it shall observe additional due diligence by displaying a registration mark on all online games registered by a self-regulatory body and informing its users regarding its policy related to withdrawal or refund of deposit, manner of determination and distribution of winnings, fees and other charges payable and KYC procedure for user account registration. Self-regulatory bodies will be registered with the Ministry and may register online games of such online gaming intermediaries who are its members and which meet certain criteria. Such bodies will also resolve complaints through a grievance redressal mechanism.

The draft amendments :

 https://www.meity.gov.in/content/draft-amendments-it-intermediary-guidelines-and-digital-media-ethics-code-rules-2021

Saturday, December 31, 2022

A COMPREHENSIVE STUDY ON ROLE OF TAX INCENTIVES IN PROMOTING R&D IN THE COUNTRY (INDIA)


This report is the outcome of the project commissioned under the National Science and Technology Management Information System (NSTMIS) scheme on International Advanced Research Centre for Powder Metallurgy and New Materials, a DST institution located in Hyderabad. Shri K.V.S.P. Rao, ex-Scientist-G & Head-RDI Division in the Department of Scientific and Industrial Research is the Principal Investigator for the project and Dr Sanjay Bhardwaj, Head, Centre for Technology Acquisition and Transfer, ARCI, Hyderabad is the Co-Principal Investigator for the project.






10. Conclusions and Recommendations 

10.1. Conclusions • The industrial R&D has shown significant growth over the years, Indian Industry has gained technological competence and has played a pivotal role in accruing significant economic benefits through R&D efforts. • The Industry has responded with remarkable growth rate in R&D expenditure, increased turnovers and making a niche in the Global R&D scenario. It has also provided significant benefits in terms of employment generation, better healthcare, reducing environmental pollutions, energy utilization. • Based on the data studied, it is observed that duty exemptions and weighted tax deductions over the years has helped the growth of in-house R&D units. • Many foreign companies are still interested to take the benefits of the incentives but removal of weighted tax deduction has discouraged them while taking investment decision on R&D in India. • The Joint Committee of Industry and Government of India in its report made in May 2013, recorded that the current R&D incentives, 200% Weighted Tax deductions offered by the Government of India is one of the best in the world already. The report also suggests- while retaining the current direct and indirect fiscal incentives, some rationalization for covering the entire value chain of industrial R&D and technology commercialization may be examined and simplification and rationalization processes enacted.

Schemes and programmes to enable R&D as a source of revenue generation may be announced for the benefit of the industry. Such companies create good R&D infrastructure to carry out R&D work for its translation into industrial production with innovative business models. This also helps in monetisation of the R&D efforts. • India is gradually progressing in its R&D efforts. The current incentives have helped the industry in boosting the R&D investments in the country. The R&D expenditure by companies have grown over the years, however, for the R&D to have a substantial growth, more private funding in R&D is still needed. • The R&D units have developed products and technologies for manufacture of world class products. Due to the Automobile boom since 1990s many Japanese, German, US, and British manufacturers have established their manufacturing units in India taking advantage of the highly competitive automobile component industry. Even luxury automobile manufacturing companies from Europe and USA started their units in India. To compete with them, Indian companies have also expanded their manufacturing bases and R&D units all over the country. • A similar trend was seen in pharmaceuticals including bulk drugs, intermediates and APIs. Huge investments were seen in the R&D units with an eye on export markets. USFDA approval was also given to many companies indicating their superiority and competitiveness at par with global companies. Emerging areas like biotechnology products for healthcare, industrial products and services have also sprung up in medium scale to small scale levels. MNCs have also established their manufacturing units independently and as joint ventures with Indian companies.

It is therefore time to review the policy on fiscal incentives for industrial research and development and reintroduce incentives in a selective manner especially for those sectors which are still in the growth phase. • Companies with large spends on R&D have, no doubt availed fiscal incentives and benefited the most across all the sectors. Even though small and medium companies have also availed the benefits of fiscal incentives, there are many more firms whose expenditures have not been much as their R&D budgets are quite low. The 100 larger companies have spent amount of Rs. 3685600 lakhs of which 74 companies, spending above Rs.100 Cr, have spent an aggregate of Rs.3459700 lakhs. If we take the average spending of companies incurring more than Rs.100 crores on research and development, it works out to the order of Rs.474 crores per company.

Details : KVSP RAO, kvsp13@gmail.com