Union Minister Dr. Jitendra Singh says, the Gross Expenditure in Research and Development (GERD) has been continuously increasing over the years. There has been nearly three times increase in GERD during last 10 years.

Union Minister of State, PMO, Personnel, Public Grievances, Pensions, Minister of State (Independent Charge) Science & Technology, M/o Earth Sciences; MoS, Atomic Energy and Space, Dr Jitendra Singh said that the Gross Expenditure in Research and Development (GERD) has been continuously increasing over the years. There has been nearly a three times increase in GERD during last 10 years.

In a written reply to a question in Lok Sabha today, Dr. Jitendra Singh said that the government has taken up several steps to increase R&D spending in the country. Some of the key efforts made by Government include: the successive increase in plan allocations for Scientific Departments, incentivizing investment by private sector to increase their share in GERD, introducing flexible tools for public procurement; creating avenues for collaborative STI funding through portfolio-based funding mechanisms such as Public-Private-Partnerships and other innovative hybrid funding mechanisms. The Government has allowed corporate sector to make R&D investments under the provision of Corporate Social Responsibility (CSR). Corporates can invest in technology business incubators or contribute to research efforts carried out by institutions and national research laboratories as a part of their CSR. There are specific investment incentives offered such as Location-based tax incentives that enables 100% deductions of profits generated from establishing and doing business in northeastern states of India.

 

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