INNOVATION AND PATENTS - IBEF · For updated information, please visit 9 INDIA AMONG THE WORLD’S...
Transcript of INNOVATION AND PATENTS - IBEF · For updated information, please visit 9 INDIA AMONG THE WORLD’S...
22For updated information, please visit www.ibef.org
Executive Summary………….…….………….3
Advantage India…………………….…………4
Market Overview and Trends……….………..6
Porter’s Five Forces Analysis …………...…27
Strategies Adopted…………………….…….30
Growth Drivers………………………………..33
Opportunities………………………………….41
Success Stories………………………………46
Useful Information……………………..…….52
INNOVATION AND PATENTS
JANUARY 2016
33For updated information, please visit www.ibef.org
EXECUTIVE SUMMARY
Source: Reserve Bank of India, TechSci Research
Note: R&D - Research and Development;
Figures mentioned are as per latest data available
INNOVATION AND PATENTS
Eighth-largest R&D
investor
• In 2014, India’s R&D expenditure is estimated to rise and reach USD44 million by 2014
from USD42 billion in 2013
• In 2013, India had the world’s eighth largest annual R&D investment, accounting for 2.7
per cent of global R&D expenditure
• R&D spending in India is anticipated to grow from 0.9% to 2.4% of the country’s GDP from
2014 to 2034 respectively
Pharma sector driving
R&D growth
• India’s pharmaceutical industry, which accounts for about 1.4 per cent of the global
pharmaceutical industry in value terms and 10 per cent in volume terms, is expected to
remain a major R&D growth driver
Rapidly growing
overseas investment
• Cumulative overseas direct investments by India has expanded at a CAGR of 43.64 per
cent to USD265 billion during FY15 from USD21 billion in FY08, global car makers are
also looking to move their R&D investments in India
JANUARY 2016
55
Growing demand
For updated information, please visit www.ibef.org
ADVANTAGE INDIA
Source: R&D spending estimate by Battelle and R&D Magazine, TechSci Research
Notes: F - Forecast, IPR - Intellectual Property Rights, CoE - Center of Excellence, PPP - Public Private Partnership, TRIPS - Trade Related Aspects of Intellectual
Property Rights, NMITLI - New Millennium Indian Technology Leadership Initiative, NIC - National Innovation Council;
Figures mentioned are as per latest data available
Robust demand
• Rising income and evolving lifestyles have led to higher demand for aspirational products
• Indian companies’ investments in R&D is not surprising given the importance of innovation to sustain competitive edge
• Indian players are set to benefit from expiration of patents
Attractive opportunities
• Vast opportunities in IT, pharmaceuticals, automobiles, biotechnology and agriculture
• India is the largest exporter of IT products and has the third largest pharma sector with a fast growing contract research segment
Policy support
• PPP for promoting exchange of scientific knowledge and R&D
• Strengthening educational infrastructure
• Amendments to the Patents Act (1970) to make it TRIPS-compliant
• Setting up of NIC in 2010
• Adoption of Science, Technology and Innovation Policy 2013
High ratings
• Establishment of CoEs in various areas; NMITLI initiative on PPP basis
• Increased investments by private players; setting up of R&D centers
• During FY07–14, Intellectual Property Rights (IPR) applications increased at a CAGR of 5.5 per cent from 172,37 to 251,564
2013
R&D
spending:
USD42
billion
2014
R&D
spending:
USD44
billion
Advantage
India
INNOVATION AND PATENTS
JANUARY 2016
77For updated information, please visit www.ibef.org
EVOLUTION OF INNOVATION AND R&D IN INDIA
Source: Zinnov, Korn/Ferry International, Asia-Pacific Research Center, Stanford University, TechSci Research
Notes: TRIPS - Trade Related Aspects of Intellectual Property Rights, WTO - World Trade Organisation
INNOVATION AND PATENTS
• Indian Patents and
Designs Act (1911)
• Dependence on bulk
imports
• Establishment of CSIR,
DRDO, ICAR, ISRO and
IITs
• Patents Act (1970)
• Recognition of
process patents
only
• Restricted foreign
ownership in Indian
companies
• Focus on ‘reverse
engineering’ among
pharmaceutical
companies
• TRIPS under WTO
(1995)
• Amendments to the
Patents Act (1970) to
make it TRIPS
compliant
• Reintroduction of
product patents
• Reduction in tariff and
non-tariff measures
• Easing FDI norms
• Shifting focus in
pharma towards
clinical research and
new drug development
Before 1970
Introductory Stage
1970 to early 1990s
Indigenization
Stage
Early 1990s to 2005
Liberalization and
Transition Era
2005 onwards
Growth Era
• Augmentation of network of centrally-funded
institutions and universities
• Increase in R&D and exports in sectors such
as IT, pharma, electronics and automobiles
• Innovations in automobiles such as Nano,
the world’s least expensive car
• Numerous innovations from rural India
• Setting up of National Innovation Council
• Adoption of Science, Technology and
Innovation Policy 2013
• Between January 2005 and December 2014,
India granted 3,575 patents to foreign
companies
• Cumulative FDI inflows have reached
USD265 billion during April 2000 to
September 2015
JANUARY 2016
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FORMS OF INTELLECTUAL PROPERTY
Source: Department of Industrial Policy
and Promotion, TechSci Research
INNOVATION AND PATENTS
Intellectual
Property (IP)
Patents
Trademarks
Geographical
Indications
Industrial Designs
Layout Designs
Plant Variety
Protection
Copyright
JANUARY 2016
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INDIA AMONG THE WORLD’S LEADING R&D INVESTORS
INNOVATION AND PATENTS
Source: Nature Magazine ,Battelle, TechSci Research
Notes: GERD - Gross Domestic Expenditure on R&D,
R&D - Research and Development; * - Data is for May 2015;
Figures mentioned are as per latest data available
Expected expenditure of world’s leading R&D
investors in 2014 (USD billion)It is expected to retain its eighth position in 2014, with R&D
investments increasing to USD44 billion from USD42 billion
in 2013
R&D investments has helped Indian companies to
overcome tight competition with affordable products
internationally
33
40
44
44
52
63
92
165
284
465
Brazil
Russia
India
United Kingdom
France
South Korea
Germany
Japan
China
United States
JANUARY 2016
Spending per Researchers*
(in thousands)342
293273
238 226 214 202181 173 171 157 155
58
United S
tate
s
Germ
any
Austr
ia
Italy
Japan
Fra
nce
South
Kore
a
Bra
zil
Chin
a
India
Canad
a
UK
Pakis
tan
1010For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
Source: Battelle, Department of Science and Technology, TechSci Research
Notes: CAGR - Compound Annual Growth Rate,
PPP - Purchasing Power Parity, E – Expected;
Figures mentioned are as per latest data available
R&D spending in India (USD Billion)India’s share of global R&D spending rose to 2.7 per cent in
2013 from 2.6 per cent in 2012 and was expected to be at
2.7 per cent in 2014
India’s R&D investment growth is likely to outpace overall
GDP growth. During 2012–14, R&D spending (in terms of
PPP) was expected to be expand at a CAGR of 4.9 per cent
to USD44 billion, while GDP (in terms of PPP) would
increase at a CAGR of 4.4 per cent
In 2015, R&D investments in India was 0.9 per cent of GDP
which would further increase and reach 2.4 per cent by
2034
In developed and emerging economies, the ratio of private
and public sector investments in R&D is generally around
2:1. However, in India, as per recent estimates, private
sector investments in R&D stand at just about half of that of
the public sector, indicating huge potential for private
players
STRONG GROWTH IN R&D INVESTMENTS IN INDIA OVER THE YEARS
JANUARY 2016
40
42
44
0.84%
0.85%
0.85%
38
39
40
41
42
43
44
45
2012 2013 2014
0.83%
0.84%
0.84%
0.84%
0.84%
0.84%
0.85%
0.85%
0.85%
0.85%
R&D Expenditure (PPP) % of GDP-RHS
1111For updated information, please visit www.ibef.org
INDIA HAS BEEN EXPANDING ITS INVESTMENT HORIZON ABROAD
INNOVATION AND PATENTS
Source: Reserve Bank of India, Battelle, TechSci Research
Note: FY16*: Data till September 2015
Cumulative overseas direct investment
(USD billion)Cumulative overseas direct investments increased to
USD265 billion in FY16* from USD21 billion in FY08
This has led to significant amount of technology transfer
through industrial acquisitions
For instance, Lupin’s total patent filing reached 2,197 in
FY15 up from 600 in FY08. In FY15, the company filed 45
formulation patent, 58 API(Active Pharmaceutical
Ingredient) and 314 New Chemical Entity(NCE) patent. In
addition, the company have 1400 scientists.
In 2015, the company invested around 10 per cent of their
total revenue and this makes the company, the highest R &
D spender in pharma industry.
JANUARY 2016
2138
56
100
125
146
183
249265
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16*
1212For updated information, please visit www.ibef.org
TRADEMARK APPLICATION ACCOUNT FOR MAJOR SHARE OF IPR APPLICATIONS
INNOVATION AND PATENTS
Source: Department of Industrial Policy and Promotion, TechSci Research
Note: Figures mentioned are as per latest data available
Break-up of Intellectual Property Rights (IPR)
applications (FY14)
During FY14, the total Intellectual Property Rights(IPR)
stood at 251,564
Trademark applications accounted for the largest share
(79.51 per cent) of total applications at 2,00,005 in FY14
Patent and design applications accounted for 17.07 per cent
(42,951 applications) and 3.39 per cent (8,533) share,
respectively
JANUARY 2016
79.51%
17.07%
3.39% 0.03%
Trade Mark
Patent
Design
Geographical
1313For updated information, please visit www.ibef.org
IPR APPLICATIONS TRENDING NORTH
Source: Department of Industrial Policy and Promotion, TechSci Research
Note: Figures mentioned are as per latest data available
Intellectual Property (IP) applications (‘000)
During FY07–14, Intellectual Property Rights (IPR) applications increased at a CAGR of 5.5 per cent from 172,374 to 251,564
Trademark applications expanded at a CAGR of 5.45 per cent over FY07–14 to 200,005.
Patent and design applications rose at a CAGR of 5.80 per cent and 6.42 per cent respectively, during the same period
Growing IP application activity indicates increased in-house R&D and innovation in India
INNOVATION AND PATENTS
JANUARY 2016
28
.94
35
.22
36
.81
34
.29
39
.40
43
.20
43
.67
42
.95
5.5
2
6.4
0
6.5
6
6.0
9
7.5
9
8.3
7
8.3
4
8.5
3
13
7.9
1
16
5.1
7
17
3.5
9
14
1.9
4 17
9.3
2
18
3.5
9
19
4.2
2
20
0.0
1
0
50
100
150
200
250
300
0
50
100
150
200
250
FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Patent(LHS) Design(LHS) Trade mark(LHS) Total(RHS)
1414For updated information, please visit www.ibef.org
INDIA IS FAST EMERGING AS A GLOBAL R&D HUB … (1/2)
Source: Zinnov Consulting, The Indian R&D Landscape, 2012 and Attrition,
Hiring and Salary Increase Study, 2013, Crossing the value chasm,
TechSci Research
Notes: CAGR - Compound Annual Growth Rate,
R&D - Research and Development
MNC R&D centers in IndiaThe number of MNC R&D centers in India has grown at a
CAGR of 13.8 per cent to 1,031 over 2000-13, with an
overall employment base of 244,000
Around 30 per cent of the top 1,000 global R&D spending
organisations have centers in India
MNC captive centers in India along with Indian providers of
engineering R&D outsourcing account for nearly 23 per cent
of the overall global engineering R&D outsourcing market
Most of the centers are located in metro cities – Bengaluru,
Delhi, Mumbai, Chennai and Hyderabad. However, MNCs
have begun spreading out to tier-2 cities after 2005
India’s robust talent pool of over 200,000 engineers has
grown at an average rate of 9 per cent over the last five
years; this has been supporting increased R&D activity
45 per cent of the world's top 500 R&D spenders invest in
India
India has benefitted from alliances with foreign companies
with our scientists and researchers getting exposed to the
latest, state-of-the-art foreign technologies
INNOVATION AND PATENTS
CAGR: 13.8%
JANUARY 2016
191
297
517
699780
871
1031
Pre 2000 2002 2004 2006 2008 2011 2013
1515For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
INDIA IS FAST EMERGING AS A GLOBAL R&D HUB … (2/2)
Source: Zinnov Consulting, Attrition, Hiring and Salary
Increase Study, 2013, TechSci Research
Notes: CAGR - Compound Annual Growth Rate,
R&D - Research and Development
YoY- Year on Year
MNC R&D centers distribution in India (2013)Bengaluru (erstwhile Bangalore) has 39 per cent of MNC
R&D centers, followed by Mumbai and Pune at 19 per cent
Until 2005, Tier-1 cities were the favorite destination for
MNCs due to the availability of rich talent, favorable
policies, and better quality of life
However, post-2005, MNCs have started expanding to Tier-
2 cities, as they offered benefits such as higher catchment
area, lower attrition, and cost arbitrage
Total R&D talent pool in 2013 stood at 244,000 having a 11
per cent YoY growth
R&D related investments and processes attain easier
approval from regulatory authorities globally. This has also
increased focus on new generics
Bengaluru39%
Mumbai/ Pune19%
Hyderabad12%
NCR13%
Chennai11%
Others6%
JANUARY 2016
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INDIA IS ALSO GARNERING THE BENEFITS OF R&D OUTSOURCING
Source: Financial Express, Value Notes, TechSci Research
Notes: R&D - Research and Development,
IT - Information Technology; CAGR - Compound Annual Growth Rate;
Figures mentioned are as per latest data available
R&D outsourcing in India (USD Billion)Companies across sectors (such as IT, consumer electronics,
personal devices, medical electronics, telecom and
automobiles) are now offshoring complete product responsibility
India has become one of the most preferred location for
engineering offshoring
By 2020, USD42 billion worth of work related to R&D of product
engineering is expected to be outsourced to India, growing by a
CAGR of 22.7 per cent from 2003
The outsourced engineering R&D services market in India is
expected to reach USD15 billion by 2020 from USD7.8 billion in
2015, growing at a CAGR of 13 per cent
INNOVATION AND PATENTS
1.3
18.3
42.0
2003 2014 2020
CAGR: 22.7%
JANUARY 2016
1717For updated information, please visit www.ibef.org
GLOBAL 500 COMPANIES PRESENCE IN INDIA
Source: Zinnov- Crossing the value chasm, TechSci Research
Notes: R&D - Research and Development
* - Data is for FY15
**: Data is for FY16 ( Upto September 2015);
Figures mentioned are as per latest data available
Number of R&D centers for global 500 companies, 2014The top 500 R&D spenders contribute over USD577 billion
with the top 100 R&D spenders alone contributing 66 per
cent to the global R&D spend
In FY15, most of the leading pharma players spent
anywhere between USD58-325 billion on R&D, which
represented an increase both in absolute term as well as in
proportion to net revenues (8-11 per cent of sales)
More than one-third of the top 1,000 global R&D spenders
have centres in India. Around 50 per cent of the global 500
companies present have more than 10 per cent of the global
headcount in India
INNOVATION AND PATENTS
46
83
52 4528 20
4
17
48 5572 80
Top 50 Top 100 100- 200 200-300 300-400 400-500
Present Not present
JANUARY 2016
R&D spending by top six pharma giant FY16**
(USD million)
160145
115
164
28
8558
SunPharma
Dr Reddy Lupin Cipla Cadila Wockhart* Aurbindo*
1818For updated information, please visit www.ibef.org
Encouraging the private
sector
• The benefit of section 10 (23 G) of the IT Act has been extended to financial institutions
that provide long-term capital to hospitals with 100 beds or more
• Government is encouraging the PPP model to improve availability of healthcare services
and provide healthcare financing
Encouraging
investments in rural
areas
• The benefit of section 80-IB has been extended to new hospitals with 100 beds or more
that are set up in rural areas; such hospitals are entitled to 100 per cent deduction on
profits for five years
• Government has allocated USD612.31 million for agricultural research under Union
Budget 2015-16
• Two more agricultural institutes will be established in states of Jharkhand and Assam
Source: Union Budget 2014-15, Union Budget 2015-16, Health
Ministry, TechSci Research
STRONG POLICY SUPPORT CRUCIAL IN DEVELOPING THE SECTOR
INNOVATION AND PATENTS
Tax incentives• Customs duty on life-saving equipment has been reduced to 5 per cent from 25 per cent
and exempted from countervailing duty
• Import duty on medical equipment has been reduced to 7.5 per cent
Incentives in the
medical travel industry
• Incentives and tax holidays are being offered to hospitals and dispensaries providing
health travel facilities
JANUARY 2016
1919For updated information, please visit www.ibef.orgSource: Intellectual Property India 2013-14 report
Note: Figures mentioned are as per latest data available
INNOVATION AND PATENTS
JANUARY 2016
Top 5 Indian Applicants for patents in the field of Information
Technology
S.No. Name of the Company Application Filled
1 Tata Consultancy Services Limited 267
2Samsung R & D Institute India-
Bangalore Private Limited84
3 Infosys 83
4Samsung India Software
Operational Private Limited66
5 Wipro Limited 59
Top 5 Indian Applicants For Patents from Science and
Research & Development Organizations
S.No. Name of the CompanyApplication
Filled
1Council of Science & Industrial
Research267
2Defence Research & Development
Organization116
3Indian Council of Agricultural
Research71
4Department of Biotechnology,
Government of India34
5 Jubilant Life Sciences Limited 29
Top 5 Indian Applicants for patents from Institutes and
Universities
S.No. Name of the Company Application Filled
1Indian Institute of Technology
(Collective)342
2 Amity University 92
3Saveetha School of Engineering,
Saveetha University74
4 Bharat University 37
5 Indian Institute of Science 32
Top 5 Foreign Applicants
S.No. Name of the Company Application Filled
1 Qualcomm incorporated 1062
2 Koninklijke Philips N.V. 839
3Telefonaktiebolaget LM
Ericsson (PUBL)386
4 Robert Bosch GMBH 375
5Samsung Electronics Co.
Ltd371
INCREASING IN THE PATENT APPLICATION FILING (FY14)…..(1/2)
2020For updated information, please visit www.ibef.org
INCREASING IN THE PATENT APPLICATION FILING (FY14)…..(2/2)
INNOVATION AND PATENTS
JANUARY 2016
Top 5 Indian Patentees
S.No. Name of the Company Application Filled
1Council of Scientific &
Industrial Research98
2Samsung India Software
Operations Pvt Ltd84
3Hindustan Unilever
Limited32
4Bharat Heavy Electricals
Limited22
5 Tata Motors Limited 21
Top 5 Foreign Resident Patentees
S.No. Name of the Company Application Filled
1 Qualcomm Incorporated 138
2GM Global Technology
Operations Inc79
3Telefonaktiebolaget LM
Ericsson (PUBL)50
4Siemens
Aktiengesellschaft46
5Samsung Electronics Co.
Ltd46
Source: Intellectual Property India 2013-14 report
Note: Figures mentioned are as per latest data available
2121For updated information, please visit www.ibef.org
KEY PLAYERS IN R&D - SCIENTIFIC AND R&D ORGANISATIONS* … (1/2)
Source: Organisational websites, IP India, TechSci Research
Notes: R&D - Research and Development; IP – Intellectual Property, *This list is indicative
INNOVATION AND PATENTS
Organisation Business description
Council of Scientific and Industrial Research (CSIR)
• CSIR is India’s largest R&D organisation, with 38 national laboratories, 39 outreach centers, 3 Innovation
Complexes, 5 units, 4600 active scientists supported by about 8000 scientific and technical personnel. On an
average CSIR files about 200 Indian patents and 250 foreign patents per year. About 13.86% of CSIR patents are
licensed, a number which is above the global average. It is engaged in scientific industrial R&D for economic,
environmental and societal benefits for the country
• Its research areas span across aerospace, biotechnology, chemicals, energy, foods, information dissemination,
leather and metals, minerals and manufacturing etc.
• CSIR is ranked at 84th among 4851 institutions worldwide and is the only Indian organisation among the top 100
global institutions, CSIR has filled 267 patent application in FY14.
Defence Research and Development Organisation (DRDO)
• DRDO is engaged in design and development of weapon systems and equipment in accordance with the
requirements of the military services
• DRDO had a network of 50 labs and establishments to carry out research. It has over 5,000 scientists and about
25,000 other scientific, technical and supporting personnel. DRDO has filled 116 patent application in FY14.
• Its research areas include aeronautics, armaments, combat vehicles, electronics, instrumentation engineering
systems, missiles, materials, naval systems, advanced computing, simulation and life sciences, ballistics test
facility got inaugurated in Ramgarh.
Indian Council of Agricultural Research (ICAR)
• ICAR is one of the largest national agricultural organisations in the world. It consisted of 99 institutes and 53
agricultural universities across India. ICAR has filled 71 patent application in FY14
• It is the apex body for coordinating, guiding and managing research and education in agriculture, including
horticulture, fisheries and animal sciences in India.
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INNOVATION AND PATENTS
KEY PLAYERS IN R&D - SCIENTIFIC AND R&D ORGANISATIONS* … (2/2)
Organisation Business description
India Space Research Organisation (ISRO)
• ISRO is engaged in development of space technology and its application to various national tasks, launched
Mangalyan successfully in its very first attempt#
. ISRO has filled 12 patent application in 2014
• The organisation has 19 centers across India to pursue R&D activities and ISRO currently has a constellation of 9
communication satellites, 1 meteoro- logical satellite, 10 earth observation satellites and 1 scientific satellite
• Its research areas include communication satellites for television broadcast, telecommunications and
meteorological applications, and remote sensing satellites for management of natural resources
• On June 28, 2015, ISRO launched Polar Satellite Launch Vehicle, PSLV-C27,which is the fourth satellite in the
Indian Regional Navigation Satellite System (IRNSS)
Indian Council of Medical Research (ICMR)
• ICMR is the apex body in India for the formulation, coordination and promotion of biomedical research and one of
the oldest medical research bodies in the world. ICMR has filled 14 patent applications in 2014.
• The council has a fleet of 21 institutes(mission oriented national institute), six regional medical research centers
and five units engaged in medical research
• The council’s research priorities encompass the areas of communicable diseases, fertility control, maternal and
child health, nutritional disorders, and non-communicable diseases such as cancer, cardio-vascular diseases,
blindness and diabetes
Centre for Development of Advanced Computing (C-DAC)
• C-DAC is a premier R&D organisation of the Department of Information Technology (DIT)
• It is engaged in research in the areas of supercomputers, applied electronics, technology, applications and health
informatics
• CDAC has filed 17 patent applications in FY14
Source: Organisational websites, TechSci Research
Notes: R&D - Research and Development,# on 24 September 2014, *This list is indicative
JANUARY 2016 For updated information, please visit www.ibef.org
2323For updated information, please visit www.ibef.org
KEY PLAYERS IN R&D - INSTITUTES AND UNIVERSITIES* … (1/2)
INNOVATION AND PATENTS
Organisation Business description
Indian Institutes of Technology (IITs)
• It is a group of autonomous engineering and technology oriented institutes of higher education
• Indian Institutes of Technology (IITs) is planning to monetise intellectual properties (IPs) by exploring tie-ups with
firms that invest in "inventions". In 2014, IITs have filled 342 patent application.
• The Indian Institute of Technology-Bombay (IIT-Bombay) has shown a massive growth in patent filing and showing
a rise of nearly 400 per cent from 2008-09 where just 19 patents were filed.
National Dairy Research Institute (NDRI)
• NDRI is engaged in research, teaching and extension activities in areas of dairy production, processing,
management and human resource development
• Its research activities focus on improving dairy productivity, innovating milk processing technologies and
disseminating information to the various stakeholders in dairy business to make dairying a self-sustaining business
• In 2014, R&D activities comprised 89 in-house and 74 externally funded research projects, including 19 NAIP
projects in consortium mode with financial outlay of USD21.95 million
Indian Institute of Science (IISc)
• IISc is one of the earliest instances of PPP for a research institute in India
• It is engaged in research in various departments of science such as biological, chemical, electrical, mathematical,
physical and mechanical sciences. A new center for Brain Research is expected to contribute to future growth
• In FY13, the institute filed the third highest number of patent applications amongst all the institutes and universities
in India with 31 applications, while in FY14, IISc have filled 32 patent applications
Source: Organisational websites, IP India, TechSci Research
Notes: R&D - Research and Development, IP - Intellectual Property,
JANUARY 2016
2424For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
KEY PLAYERS IN R&D - INSTITUTES AND UNIVERSITIES* … (2/2)
Organisation Business description
The Energy and Resources Institute (TERI)
• TERI is engaged in developing solutions to global problems in fields of energy, environment and sustainable
development, has also established research centers in Bengaluru, Goa, Guwahati, Himalayas, Mumbai
• The important research areas include biotechnology, earth science and climate change, technology development,
social transformation, and modelling and economic analysis
• Deals in various sector projects such as Agriculture, Coal, Energy, Environment, Industry, Renewable Energy,
Information and Communication Technology, Rural Development, Climate Change, Economy, Forestry and
Biodiversity and etc.
• On 3rd
December, 2015 TERI reveals the ‘Corporate Vision on Climate Change’ at COP 21
Institute of Life Sciences (ILS)
• ILS undertakes basic and translational research in frontier areas of life sciences
• The institute’s research interests are in the areas of infectious disease biology, gene function and regulation, and
translation research and technology development
Indian Institute for Advanced Studies (IIAS)
• IIAS is a residential centre for advanced research in humanities, social sciences and natural sciences
• Its major research areas include social, political and economic philosophy; comparative studies in philosophy and
religion; education, culture and arts; natural and life sciences; and national integration and nation building
Source: Organisational websites, TechSci Research
Notes: R&D - Research and Development, *This list is indicative
JANUARY 2016
2525For updated information, please visit www.ibef.org
KEY PLAYERS IN R&D - PRIVATE SECTOR COMPANIES*
INNOVATION AND PATENTS
Organisation Business description
Hindustan Unilever Limited
• HUL is credited with innovations in product areas such as structured bar soap, fairness cream, zero alcohol soap,
poly-coated scouring bar for dishwashing, fortified salt, instant tea, critical components for a water purifying device,
and value-added (nature care) tea
• Worldwide, HUL has over 20,000 registered patents and patent applications
• HUL expenditure on scientific research and development is around USD5.3 million in FY15, where the total
revenue expenditure is USD4.85 million and USD0.42 million expenditure made as a capital expenditure
Tata Steel Limited
• Tata Steel undertakes research in areas such as raw materials and coke, iron and ferro alloys, steel making,
coated products, materials characterisation and joining, materials modelling and product design, and refractory
technology
• The total value of the patent is around USD15.2 million till FY15 as compared to USD18.1 million in FY14.
• The total patents filed was 72 and 115 patents were granted as on FY15.
Cipla Limited
• Cipla’s R&D division focuses on new product development and new drug delivery systems across a range of
therapies
• The company’s total R&D spending increased by 6.2 per cent in FY15 as compared to USD86 million in FY14
• In 2015, Cipla filed more than 200 formulation development projects underway. Company filled 12 formulation in
north America, 78 in Europe region while more than 1800 internationally
• It is among the top companies domestically in R&D spending
Source: Organisational websites, TechSci Research
Notes: R&D - Research and Development, Growth, *This list is indicative
JANUARY 2016
2626For updated information, please visit www.ibef.org
Source: Times of India, Economic Times, The Hindu, Defence Now
Notes: ICBM - Inter-Continental Ballistic Missile, DRDO - Defence Research & Development Organisation, HSL - Hindustan Shipyard Limited
INNOVATION HAS BEEN A CORNERSTONE OF THE COUNTRY’S DEFENCE SECTOR
INNOVATION AND PATENTS
INS Vikrant
• India Indigenous
Aircraft Carrier (IAC)
• Total displacement
of over 40,000
tonnes
• Being built by
Cochin Shipyard
Limited
• Expected to be
Commissioned in
2017
Agni-V missile
• Successfully test
fired in April 2012
• India joined an elite
group of nations
having ICBM
technology
• Indigenously
developed by DRDO
• To be inducted by
2016 after few more
trials
Arihant Class
Submarines
• With its launch in
2009, India joined
an elite group of
nations having
nuclear-powered
submarines
• Developed by HSL
Tejas
• Second supersonic
aircraft to be
developed
indigenously by
Hindustan
Aeronautics Limited
(HAL)
• To be inducted by
2015 at a cost of
USD103.1 million
JANUARY 2016
2828For updated information, please visit www.ibef.org
PORTERS FIVE FORCES ANALYSIS – HEALTHCARE
Source: TechSci Research
Note: R&D – Research and Development
INNOVATION AND PATENTS
Competitive Rivalry
• In a bid to discover the next block buster drug, competition between
the pharma companies are intense
• In addition, expiry of patents will also lead to further competition from
generic drug manufacturers
Threat of New Entrants Substitute Products
Bargaining Power of Suppliers Bargaining Power of Customers
• Huge R&D expenditure
requirement reduces threat of
new entrant
• Government regulation is strict
for this industry
• Bargaining power of suppliers
in this industry is high because
quality of products and timely
delivery matter and there is less
number of quality suppliers in
this industry
• Bargaining power of customers
is low due to undifferentiated
products
• Cheaper generic formulations
pose a threat to healthcare
companies
Competitive
Rivalry
(High)
Threat of New
Entrants
(Low)
Threat of
Substitute
Products
(Low)
Bargaining
Power of
Customers
(Low)
Bargaining
Power of
Suppliers
(High)
JANUARY 2016
2929For updated information, please visit www.ibef.org
PORTERS FIVE FORCES ANALYSIS – BIOTECHNOLOGY
Source: TechSci Research
Note: R&D – Research and Development
INNOVATION AND PATENTS
Competitive Rivalry
• High entry barriers due to the capital-intensive nature of the industry
has reduced competitive rivalry
• Entry of new players in the market has led to increased competition.
However, given the low success rate, rivalry is low
Threat of New Entrants Substitute Products
Bargaining Power of Suppliers Bargaining Power of Customers
• Capital intensive nature of
industry reduces the threat of
new entrants
• Strict government regulation
• Suppliers’ power is low
because the raw materials are
largely undifferentiated
• Individual buyers do not have
influence on pricing
• However, government price
control enhances buyer’s
power
• Patent protection stops the
threat of alternative drugs and
chemicals for a period of time
Competitive
Rivalry
(Moderate)
Threat of New
Entrants
(Low)
Substitute
Products
(Low)
Bargaining
Power of
Customers
(Low-Moderate)
Bargaining
Power of
Suppliers
(Low)
JANUARY 2016
3131For updated information, please visit www.ibef.org
STRATEGIES ADOPTED – HEALTHCARE
Source: Company website, TechSci Research
Note: R&D – Research and Development
• Private players in the industry are making their supply chain efficient and leveraging
economies of scope to reduce cost. One such example is Narayan Hrudayalaya (NH)
where health care is provided at affordable cost. NH reduces cost by
• High procurement of medical supplies
• High-volume by high capacity utilisation and staff productivity
• Good human capital management (i.e. training)
• Leveraging the benefit of Information Technology to reduce cost and improve healthcare
delivery
• Developing new and innovative healthcare services will help players in differentiating
themselves from others
• Healthcare providers are also trying to provide better services to differentiate themselves
• Players in Healthcare sector are heavily spending on R&D. For example, in 2015, Lupin
opened a R&D centre for inhalation products in Florida
• Sun Pharma is focussing on specialty and chronic therapies such as neurology, oncology,
dermatology, rather than competing in anti infective and gastrointestinal therapies
markets. Sun Pharma attained volume and value leadership in many of these therapies
• Certain players in industry focus only on providing one kind of health care service to its
customers and gain expertise through research in the area. This also helps them to be the
leader in that service. One such example is Tata Memorial Hospital which is focused on
treatment of cancer and provides leading cancer treatment in India
Cost leadership
Differentiation
Focus
JANUARY 2016
INNOVATION AND PATENTS
3232For updated information, please visit www.ibef.org
STRATEGIES ADOPTED – BIOTECHNOLOGY
Source: Company website, TechSci Research
Notes: R&D – Research and Development,
Note*-Until January 31st 2015
• Higher emphasis on technological innovations that will improve efficiency and help in
achieving cost leadership. For example, Serum Institute of India is the leader in
manufacturing vaccines against Rubella, Tetanus, Measles and Diphtheria and it supplies
vaccines to more than 100 countries across the globe. Due to high volume sales the
company has relatively low manufacturing cost
• Investing heavily on R&D to create new and innovative products. Biocon has subsidiaries,
Syngene International Limited and Clinigene International Limited, these companies have
been set up to focus on clinical trials , drug discovery and development.
• Companies are creating barriers by applying for patents to curb replication of the drug by
other manufacturer. For example, Panacea has been granted 400* patents in India and
worldwide
Cost leadership
Differentiation
Creating barriers
INNOVATION AND PATENTS
JANUARY 2016
3434For updated information, please visit www.ibef.org
STRONG DEMAND AND POLICY SUPPORT DRIVING INVESTMENTS
Source: Battelle, Electronics for You, Organisational websites, TechSci Research
Notes: PPP - Public Private Partnership, R&D - Research and Development,
NMITLI - New Millennium Indian Technology Leadership Initiative,
CoE - Centre of Excellence, NIC - National Innovation Council
INNOVATION AND PATENTS
Policy support
PPP in R&D
Strengthening educational
infrastructure
Amendments to the Patents Act &
Setting up of NIC
Inviting Resulting in
Growing demand
Evolving consumer lifestyles
Liberalisation and increasing competition
Proximity to future
growth markets
Increasing investments
Establishment of CoEs, NMITLI initiative
Providing support to global projects from
India
Increasing corporate R&D investments
JANUARY 2016
3535For updated information, please visit www.ibef.org
PHARMACEUTICAL SECTOR DRIVING R&D GROWTH
INNOVATION AND PATENTS
Source: TechSci Research
Notes: * - Data is for FY15
**: Data is for FY16 ( Upto September 2015)
R&D spending by top six Pharma giants in FY16**
(USD million)India’s pharmaceutical market is highly fragmented, with
300 large and 18,000 mid-sized and small companies
The country’s pharma industry accounts for about 1.4 per
cent of the global pharma industry in value terms and 10 per
cent in volume terms
Indian healthcare sector, one of the fastest growing
industry, is expected to advance at a CAGR of 17 per cent
during 2011–20 to reach USD280 billion
This would help drive R&D growth in India; the average
R&D expenditure by Indian pharma companies is close to 6
per cent of total revenues
JANUARY 2016
160145
115
164
28
85
58
SunPharma
Dr Reddy Lupin Cipla Cadila Wockhart* Aurbindo*
3636For updated information, please visit www.ibef.org
POLICY SUPPORT AIDING GROWTH IN THE SECTOR … (1/2)
INNOVATION AND PATENTS
PPP in R&D
• Exchange of scientific knowledge between research centers, national laboratories,
institutes of higher learning and the industry
• The Indian Government plans to involve the private sector in R&D mainly for sectors like
vaccines, drugs and pharmaceuticals, super computing, solar energy and electronic
hardware. The govt. has announced to create a USD16 million fund for setting up R&D
units with the help of industries
• The government has created a USD1.1 billion public-private partnership fund to support
research and development in India
Funded institutions and
foreign universities
• Government has announced to set up 5 new All India Institute of Medical Sciences in
Jammu & Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Assam and set up of IIT in
Karnataka and Dhanbad
• Foreign universities permitted to enter the higher education system in India by establishing
their own campuses or joint ventures with existing universities
• Atal Innovation Mission with USD24.84 million will boost the academicians, Entrepreneurs
and researchers to work towards innovation
Science & Technology• In Union Budget 2015-16, Government of India has allocated USD1193.58 million to
Science & Technology department.
• In Union Budget 2015-16, Government has allotted Department of Science and
Technology USD557 million, Department of Biotechnology received a grant of USD263.01
million, and Ministry of Earth Sciences received a budgetary allocation of USD193 million
Source: Battelle, Electronics for You, Union Budget 2015-16,
Organisational websites, TechSci Research
Note: PPP - Public Private Partnership
JANUARY 2016
3737For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
POLICY SUPPORT AIDING GROWTH IN THE SECTOR … (2/2)
National Innovation
Council (NIC)
• In 2010, NIC was set up to implement strategies for inclusive innovation in India and
prepare a roadmap for innovation over 2010-20, idea is to build a domestic model to cater
to Indian needs
• Tasks of NIC include creating a framework to encourage innovation by central and state
governments, universities, R&D institutions and SMEs
• NIC build digital database of innovations across sectors and at grassroot. In addition NIC
has also set up sectorial Innovation council in Maharashtra
• NIC and the Ministry of Micro, Small and Medium Enterprises (MSME) jointly created India
Inclusive Innovation Fund (IIIF), currently IIIF investment limit is restricted to USD82
million and it invests in sectors like healthcare, water, energy and agriculture.
Source: Battelle, TechSci Research
Note: SMEs - Small and Medium Enterprises
JANUARY 2016
Atal Innovation Mission
• Atal Innovation Mission (AIM) established in NITI Aayog with initial funding worth
USD24.56 million for promotion of research and development sector. The mission aims at
providing innovation promotion platform to academicians, entrepreneurs and researchers.
• Atal Innovation Mission would provide the framework to government for encouraging and
promoting self employment in Indian youth
Draft Patents
(Amendment) Rules,
2015
• The time limit given for submitting the application for grant has been reduced to 4 months
from 12 months, providing an extension of 2 months
• Necessary permissions to be taken from the concerned authority before the grant of
patents
3838For updated information, please visit www.ibef.org
SCIENCE TECHNOLOGY AND INNOVATION (STI) POLICY 2013
Source: TechSci Research
INNOVATION AND PATENTS
Introduction of STI
Policy 2013
• In January 2013, the Government of India introduced the Science, Technology and
Innovation (STI) policy 2013 at the centenary sessions of the Indian Science Congress
held at Kolkata
Vision of STI Policy• The STI policy is aimed at helping India become one of the top five global scientific
powers by 2020, by taking advantage of large demographic pool of engineers and science
graduates
Rising involvement of
the private sector
• STI aims to boost innovation through Research and Development (R&D) led by the Public-
Private Partnership (PPP) mode thereby increase the investments on Research and
Development (R&D) to 2 per cent of GDP by 2017 from current 1 per cent
Increase in human
resources
• The policy seeks to increase the number of full-time R&D personnel by 66 per cent over
2013–17 and expand the number of publications from the current 3.5 per cent of global
share to around 7 per cent by 2020
JANUARY 2016
3939For updated information, please visit www.ibef.org
RECENT INVESTMENTS IN R&D BY KEY PLAYERS
INNOVATION AND PATENTS
Source: India Electronic News, Moneycontrol, CNBC, Economic Times, Appliancemagazine.com,
Business Standard, The Hindu, Company websites, TechSci Research
Note: R&D - Research and Development
2013
• Jan 13: DuPont has double
their R&D activities in India
• April 13: Yamaha announced
the establishment of a R&D
centre in India
• Jun 13: Huawei has set up a
new Research and
Development (R&D) centre in
Bengaluru with an investment
of USD150 million
• Jul 13: OneOcean
Corporation has set up
ClipCard Technology (R&D)
centre in India
• Oct 13: Carraro India has set
up a new R&D centre in India
• Jan 22: Intel India to invest over
USD120 million to expand its
Bengaluru R&D center
• Mar 07: BASF opens global R&D
center in Mumbai
• Sep10: Valvoline Communications
Ltd (VCL) a JV between Ashland
Inc and Cummins India Ltd will
open its R&D centers in Ambernath
near Mumbai in Maharashtra
2014
JANUARY 2016
2015
• August 2015: Foxconn announced
to invest USD5 billion in India over
next five years to set up R&D
centers and manufacturing plants
• May 2015: Ford Motor company
have announced to invest around
USD829.46 million in R & D center
Chennai
• July 2015: Lupin, has decided to
invest USD185.63 million in the
pharma sector.
4040For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
RECENT INVESTMENTS IN R&D BY GOVERNMENT
Source: India Electronic News, Moneycontrol, CNBC, Economic Times, Union Budget,
Appliancemagazine.com, Business Standard, The Hindu, Company websites, TechSci Research
Note: R&D - Research and Development
NMITLI-New Millennium Indian Technology Leadership Initiative
Centers of Excellence
(CoEs)
• In 2015, National
Association of Software
and Services Companies
(NASSCOM), Department
of Electronics &
Information Technology
(DeitY) and Education and
Research Network
(ERNET) jointly has
formed Center of
Excellence with the seed
funding done by
government.
• COEs are generally run on
PPP model
• CoEs have been set up in
the areas of telecom,
wireless technology, bio-
informatics, lasers and
optoelectronic devices and
nano-electronics
NMITLI
• The programme identifies
areas for development
based on national
consultation and invites
best partners from
institutions, academia and
private sector to play a role
in the process
• NMITLI have received a
budgetary allocation of
USD4.91 million under the
Union Budget 2015-16. It
has initiated 60 largely
networked projects in
diverse areas involving 85
industry partners and 280
R&D groups from different
institutions with investment
outlay of USD114 million
Centrally funded institutes
• In Union Budget 2015-16,
Government of India has
announced to set 5 new
AIMS, 2 new IITs and 2
IIMs
• These institutes together
account for over 80 per
cent of the total PhDs in
engineering in India
• The institutes are also
amongst the top Indian
applicants for patents from
the ‘institutes and
universities’ category
Central and foreign
universities
• New universities in 16
uncovered states
• The remaining 14 new Central
Universities will be set up as
world class centers of
excellence at different
locations
• Foreign universities can enter
higher education system in
India by having their own
campuses or joint ventures
with existing universities
• 12 teacher education courses
and three new programmes
have been upgraded
JANUARY 2016
4242For updated information, please visit www.ibef.org
Source: ARAI, Business Standard, India Law Office, Deloitte, TechSci Research
Notes: IT - Information Technology, ARAI - Automotive Research Association of India,
NVH - Noise, Vibration and Harshness
INNOVATION AND PATENTS
Pharma and healthcare
• Indian healthcare sector, one of the fastest growing industry, is expected to advance at a
CAGR of 22.87 per cent during 2015–20 to reach USD280 billion
• Contract research is one of the fastest growing segment in the Indian healthcare industry.
CRAMS industry is estimated to reach USD18 billion in 2018 and expected to witness a
strong growth at a CAGR of 18-20 per cent during 2015-18
• Indian pharmaceuticals market is estimated to reach around USD30 billion in 2015. The
country’s pharmaceutical industry is expected to expand at a CAGR of 12.89 per cent over
2015–20 to reach USD55 billion
• Indian companies have received 113 ANDA approvals from US FDA from January-
September 2015
Information Technology
(IT)
• India is seen as a product development destination
• Companies are offshoring their product responsibilities including complex services like
product management
Automobiles
• Research is being carried out by individual companies as well as industry associations
such as ARAI in various areas such as structural dynamics, safety, NVH and electronics
• India is the sixth largest auto market in the world and is poised to become the third largest
by 2020
OPPORTUNITIES (1/2)
JANUARY 2016
4343For updated information, please visit www.ibef.org
Source: ARAI, Business Standard, Planning Commission,
India Law Office, TechSci Research
Notes: IT - Information Technology, ARAI - Automotive Research Association of India,
NVH - Noise, Vibration and Harshness, DBT – Department of Biotechnology# Announced in budget 2015-16 with a sum of USD16.3 million
INNOVATION AND PATENTS
Biotechnology
• By FY25, India’s biotech industry is estimated to increase to USD100 billion from USD7.0
billion in FY15
• Protein and antibody production, and fabrication of diagnostic protein chips are promising
areas for investment
• Stem cell research, cell engineering and cell-based therapeutics are other areas, wherein
India will cash in its expertise
Agriculture
• India has the potential to become a major producer of transgenic rice and several
Genetically Modified (GM) or engineered vegetables
• Hybrid seeds, including GM seeds, represent new business opportunities in India based
on yield improvement
• According to International Service for the Acquisition of Agri-Biotech Applications, India
has the fourth largest area covered under genetically modified crops
• In India, 11.57 million hectares of area is covered under genetically modified crops which
is majorly dominated by Bt cotton.
• In 12th Five-Year Plan, DBT has proposed to support 10 agricultural universities through
R&D grants to promote R&D on agriculture
• Two agricultural institutes will be established in states of Jharkhand and Assam#
OPPORTUNITIES(2/2)
JANUARY 2016
4444For updated information, please visit www.ibef.org
Source: Zinnov - Crossing the value chasm
Notes G500 – Global 500 companies
INNOVATION AND PATENTS
OPPORTUNITIES OF JOB CREATION BY GLOBAL 500 COMPANIES
There is a potential to create 200,000 R&D jobs by global
500 companies in the next five years
During 2013-18, R&D headcount is expected to increase at
a CAGR of 15.8 per cent
Around 50 per cent of the global 500 companies present
have more than 10 per cent of the global headcount in India
176
366
313
229
489
595
2013 2018
R&D headcount Remaining addressable population
R&D headcount by G500 (‘000)
JANUARY 2016
4545For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
India with more than 350 Companies and more than 250 R & D centers from G500
JANUARY 2016
Chandigarh
Emerging Locations
NCR
Tier 1 locations
Ahmedabad
Vadodara
Kolkata
Vishakhapatnam
Coimbatore
Mangalore
Goa
NashikHyderabad
Bangalore
Chennai
PuneMumbai125
62
45
43
38
26
24
0 20 40 60 80 100 120 140
Bangalore
NCR
Pune
Hydrabad
Chennai
Mumbai
Others
Source: Zinnov - Crossing the value chasm, News Articles, TechSci
Research
Notes G500 – Global 500 companies
G500 presence across locations in India (Till December, 2013)
4747For updated information, please visit www.ibef.org
Source: Lupin website, Lupin Reports
Notes: API - Active Pharmaceutical Ingredient, CNS - Central Nervous
System, NSAIDS - Non-Steroidal Anti-Inflammatory Drugs,
TB - Tuberculosis, NCE - New Chemical Entity
Patents filed by LupinLupin is a renowned pharma player having a wide range of
quality, affordable generic and branded formulations and
APIs
Lupin has emerged as the fifth largest and among the top
five fastest-growing companies in the US
It is one of the world’s largest manufacturers of TB drugs
and has significant market share in the cardiovascular,
diabetology, asthma, paediatrics, CNS, Anti-infectives and
NSAIDs therapy segments
By FY15, Lupin’s total patent filing reached 2,197 up from
600 in FY08
The company is amongst the fastest growing in top 10
generic pharmaceutical players in Japan and South Africa
INNOVATION AND PATENTS
JANUARY 2016
LUPIN: ON A HIGH GROWTH PATH … (1/2)
38
26
75
42 6
0
10
8
45
26
84
42
12
41
39 5
8
5 14 17 4
3 47
23
2
31
4
FY09 FY10 FY11 FY12 FY13 FY14 FY15
Formulation Patents API/Process Patents NCE Patents
4848For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
LUPIN: ON A HIGH GROWTH PATH … (2/2)
Source: Lupin website
Notes: CAGR - Compound Annual Growth Rate
*: Up to September 2015
Lupin net sales (USD million)Its revenues increased from USD822.5 million in FY09 to
USD1.0 billion in FY16 (April-September 2015), at a CAGR
of 3.2 per cent
Lupin’s domestic formulations business grew by 5 per cent
recording revenues of USD502.6 million for FY14-15 as
compared to USD414 million for FY13-14
JANUARY 2016
CAGR: 3.2%
822.51006.7
1250.9
1484.6
1742.11839.2
2090.2
1,024
FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16*
4949For updated information, please visit www.ibef.org
INFOSYS: NURTURING INNOVATION IN IT … (1/2)
INNOVATION AND PATENTS
JANUARY 2016
Indian IT patent applications ( FY14)
59
59
66
83
100
206
Indian Institute of Technology(Collective)
Wipro Limited
Samsung India Software OperationsPrivate Limited
Infosys
Samsung R & D Institute India*
Tata Consultancy*
Infosys is 3rd highest number of patents applications in India
Research activity for different areas is allocated amongst
dedicated labs such as Software Engineering lab,
Convergence lab, Security and Privacy lab, Distributed
Computing lab and E-Com lab
During FY11-15, the company’s revenues increased at a
CAGR of 9.7 per cent to USD8.7 billion from USD6.0 billion
During the same period, net profit expanded at a CAGR of
7.5 per cent to USD2.0 billion from USD1.5 billion
Infosys spent USD97.9 million in R&D expenses during
FY15
Source: Office of the Controller General of Patents,
Designs and Trademarks Annual Report, Company
Annual Reports, TechSci Research
Note: * - Data is till September 2015
Income and net profit (USD billion)
6 6.9
7.4
8.2
8.7
4.6
1.51.7 1.7 1.8
2
1.0
0
0.5
1
1.5
2
2.5
0
2
4
6
8
10
FY11 FY12 FY13 FY14 FY15 FY16*
Sales Net Profit
5050For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
TCS: NURTURING INNOVATION IN IT… (2/2)
Source: Company Annual Reports, TechSci Research:
Note: CAGR - Compound Annual Growth Rate,
**: Up to September 2015
Sales and net profit (USD billion)During FY09-16**, the company’s revenues increased at a
CAGR of 5.45 per cent to USD8.7 billion from USD6 billion
During the same period, net profit expanded at a CAGR of
8.12 per cent to USD1.9 billion from USD1.1 billion
TCS spent USD37.3 million in R&D expenses during FY15,
up 13.2 per cent from the USD33 million spent in FY14
JANUARY 2016
6 6.3
8.2
10
.4
11
.6
13
.6
15
.7
8.7
0
0.5
1
1.5
2
2.5
3
3.5
0
2
4
6
8
10
12
14
16
18
FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16**
Sales Net Profit
5151For updated information, please visit www.ibef.org
HUL: A LEADING INNOVATOR IN FMCG
INNOVATION AND PATENTS
Source: Economic Times, Company Annual Reports,
Company website, TechSci Research
Notes: CAGR: Compound Annual Growth Rate,
Strong research and development (USD million)Incorporated in 1933, HUL is India’s leading company by
sales in the Fast-Moving Consumer Goods (FMCG) sector
in India. British-Dutch company Unilever owns a majority
stake of 52 per cent in HUL
HUL wins the top FMCG award at the Dun & Bradstreet
Corporate Awards 2015
Hindustan Unilever Limited (HUL) has been ranked No 1 in
India on the Forbes list of Most Innovative Companies
across the globe for 2014. In the global list, HUL ranks 14th
and is the only Indian company in the Top 50.
The company has over 20,000 registered patents and
patent applications worldwide
HUL is also driving innovation in various categories such as
oral care, personal products and soaps & detergents etc.
JANUARY 2016
CAGR: 2.89%
1922
34.4
20.7
15.1
10.2
FY10 FY11 FY12 FY13 FY14 FY15
5353
INDUSTRY ASSOCIATIONS
Automotive Research Association of India (ARAI)Survey No 102, Vetal Hill, Off Paud Road, Kothrud,
Pune - 411 038
Tel: 91-020 30231111
Fax: 91-020 25434190
E-mail: [email protected]
Website: www.araiindia.com
Indian Society for Clinical Research (ISCR)c/o Pfizer center, 5, Patel Estate, S.V.Road, Jogeshwari(West),
Mumbai-400 102
Tel: 91-022 26774140, 66932028
E-mail: [email protected]
Website: www.iscr.org
The South India Textile Research Association (SITRA)13/37, Avanashi Road, Coimbatore - 641 014
Tel: 91-422 2574367, 6544188
Fax: 91-422 2571896
Email: [email protected]
Website: www.sitra.org.in
For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
JANUARY 2016
5454
GLOSSARY … (1/2)
API: Active Pharmaceutical Ingredient
ARAI: Automotive Research Association of India
CAGR: Compound Annual Growth Rate
CoE: Center of Excellence
DRDO: Defence Research and Development Organisation
FDI: Foreign Direct Investment
FY: Indian Financial year (April to March)
So FY10 implies April 2009 to March 2010
GDP: Gross Domestic Product
GERD: Gross Domestic Expenditure on Research and Development
HAL: Hindustan Aeronautics Limited
HSL: Hindustan Shipyard Limited
For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
JANUARY 2016
5555
GLOSSARY … (2/2)
IAC: Indigenous Aircraft Carrier
ICBM: Intercontinental Ballistic Missile
IT: Information Technology
NMITLI: New Millennium Indian Technology Leadership Initiative
NVH: Noise Vibration and Harshness
PPP: Public Private Partnership
PPP: Purchasing Power Parity
R&D: Research and Development
TRIPS: Trade Related Aspects of Intellectual Property Rights
USD: US Dollar
WTO: World Trade Organisation
Wherever applicable, numbers have been rounded off to the nearest whole number
For updated information, please visit www.ibef.org
INNOVATION AND PATENTS
JANUARY 2016
5656
Exchange rates (Fiscal Year)
For updated information, please visit www.ibef.org
EXCHANGE RATES
Exchange rates (Calendar Year)
JANUARY 2016
Year INR equivalent of one USD
2004–05 44.81
2005–06 44.14
2006–07 45.14
2007–08 40.27
2008–09 46.14
2009–10 47.42
2010–11 45.62
2011–12 46.88
2012–13 54.31
2013–14 60.28
2014-15 61.06
2015-16(Expected) 61.06
Year INR equivalent of one USD
2005 43.98
2006 45.18
2007 41.34
2008 43.62
2009 48.42
2010 45.72
2011 46.85
2012 53.46
2013 58.44
2014 61.03
2015(Expected) 63.72
Source: Reserve bank of India,
Average for the year
INNOVATION AND PATENTS
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DISCLAIMER
INNOVATION AND PATENTS
JANUARY 2016