Innovation and Patents: Industry Report ,March 2013

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Innovation and Patents

For updated information, please visit www.ibef.org

MARCH

2013


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Contents

Advantage India

Market overview and trends

Growth drivers

Success stories: Ranbaxy, Infosys

Opportunities

Useful information


Innovation and Patents MARCH2013


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33


For updated information, please visit www.ibef.org ADVANTAGE INDIA

Advantage India

MARCH

2013

Advantage

India

Rising income and evolving lifestyleshave led to higher demand foraspirational products

Indian companies investments inR&D is not surprising given theimportance of innovation to sustain

competitive edge

Vast opportunities in IT,pharmaceuticals,

automobiles, biotechnology andagriculture

India is the largest exporter ofIT products and has the thirdlargest pharma sector with a fast

growing contract researchsegment

Establishment of CoEs in various areas;NMITLI initiative on PPP basis

Increased investments by private players;

setting up of R&D centres

During FY06-10, trademark and patentapplications increased at a CAGR of 13per cent and 9 per cent respectively

PPP for promoting exchange ofscientific knowledge and R&D

Strengthening educationalinfrastructure

Amendments to the Patents Act (1970)to make it TRIPS-compliant

Setting up of National InnovationCouncil in 2010

R&D

spending:

USD41.3

billion

2012E

R&D

spending:

USD38

billion

2011

Source:2012 R&D spending estimate by Battelle, 2012 R&D Funding Forecast, Battelle, Electronics for You,

Automotive Research Association of India, Business Standard, Aranca Research

Notes: CoE - Centre of Excellence, PPP - Public Private Partnership, TRIPS - Trade Related Aspects of Intellectual Property Rights,

NMITLI - New Millennium Indian Technology Leadership Initiative, E - Estimate

Strong demand Attractive opportunities

Quality and affordabilityPolicy support


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Contents

Advantage India


Growth drivers


Opportunities

Useful information




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55For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS

Evolution of innovation and R&D in India


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

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 worlds

least expensive car

Focus on discovery of new

chemical entities by pharma

companies

Numerous innovations from

rural India

Setting up of National

Innovation Council

Introductory stage

Indigenisation

stage

Liberalisation and

Transition era

Growth era

Source: Korn/Ferry International, Asia-Pacific Research Centre, Stanford University, Aranca Research

Notes: TRIPS - Trade Related Aspects of Intellectual Property Rights, WTO - World Trade Organisation

Before 1970

1970-early

1990s

Early 1990s-

2005

2005 onwards

MARCH

2013


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Share of knowledge intensive production in Indias GDP increased from 8.6 per cent

to 14.0 per cent during 2005-10

Absolute growth in knowledge intensive production was at a CAGR of 17.2 per cent

Much of the knowledge intensive production is from the services sector

Majority of the companies incorporated in the past eight years belong to the

knowledge-intensive sector

Share of knowledge intensive production in GDP

Source: UNESCO Science Report 2010, Battelle survey

Aranca Research

Note: GDP - Gross Domestic Product


8.6%

9.6% 10.4%

11.1% 11.6%

14.0%

0%

2%

4%

6%

8%

10%

12%

14%

16%

2005 2006 2007 2008 2009 2010

MARCH

2013

Rising share of knowledge intensive sectors

in India


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77

9.2% 9.0%9.6%

11.1%

16.9%

1990 1995 2000 2005 2008

For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS

The share of high-tech products in Indias manufactured exports increased to 16.9

per cent in 2008 from 9.2 per cent in 1990

India has become worlds largest exporter of IT services since 2005

Exports of aerospace products are growing at a fast pace; space research aloneaccounts for about 12 per cent of GERD in India

High-tech content of manufactured exports

Source: UNESCO Science Report 2010, Aranca Research

Notes: GERD - Gross Domestic Expenditure on R&D, R&D - Research

and Development , IT- Information Technology


Share of tech-intensive products and

services in exports has been rising


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FDI outflow from India expanded at a phenomenal CAGR of 45.0 per cent from

USD6 million to USD14.8 billion during 1990-2011

This has led to significant amount of technology transfer through industrial

acquisitions

For instance, Tata Steels takeover of Corus brought with it more than 80 patents

and 1,000 researchers

FDI outflow (USD million)

Source: UNCTAD, Battelle, Aranca Research


Increasing acquisitions abroad

Notes: FDI - Foreign Direct Investment,

CAGR - Compound Annual Growth Rate

MARCH

2013

6 119514

2,985

14,626 14,752

1990 1995 2000 2005 2010 2011


9/37


During FY06-11, patent applications increased at a CAGR of 9 per cent from 24,505

to 34,000 and design applications increased at a CAGR of 6 per cent from 4,949 to

6,500

Trademark applications rose at a CAGR of 16 per cent over FY06-FY11 to 179,317

Growing IP application activity indicates increased in-house R&D and innovation

Intellectual Property (IP) applications

Source: Office of the Controller General of Patents,

Designs and Trademarks


Rising number of IP applications

Notes: CAGR - Compound Annual Growth Rate,

R&D - Research and Development

86

179

2537

5 7-

50

100

150

200

FY06 FY07 FY08 FY09 FY10 FY11

Thousand

s

Trademarks Patents Designs

MARCH

2013


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Around 30 per cent of the top 1,000 global R&D spending organizations have

centers in India

Most of the centers are located in metro cities - Bangalore, Delhi, Mumbai, Chennai

and Hyderabad. However, MNCs have begun spreading out to tier-2 cities after 2005

A robust talent pool supports the increasing R&D activity

MNC R&D centers in India

Source: Zinnov Consulting, The Indian R&D Landscape, 2012

Notes: CAGR - Compound Annual Growth Rate,

R&D - Research and Development


297

699

871

2001 2006 2011

MARCH

2013

India is fast emerging as a global R&D hub


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Source: Battelle, 2012 R&D spending estimate by Battelle, 2012

R&D Funding Forecast, Aranca Research


In 2011, India had the eighth largest annual R&D investment in world

The countrys share in global R&D spending rose to 2.8 per cent in 2011 from 2.6

per cent in 2010, and is forecasted to edge up to 2.9 per cent in 2012

24 per cent of US firms plan to expand R&D operations in India

Indias R&D investment growth is likely to outpace overall GDP growth - during

2010-12, R&D spending (PPP) is expected to surge at a CAGR of 12.7 per cent to

USD41.3 billion; GDP (PPP) growth is likely to be 9.4 per cent (CAGR) during the

same period

India aims to increase R&D spending to 2 per cent of GDP under the Twelfth Five-

Year Plan (2012-17)

R&D spending in India

Notes: E - Estimate, R&D - Research and Development,

PPP - Purchasing Power Parity

32.5

38.0

41.3

0.80%

0.85% 0.85%

0.77%

0.78%

0.79%

0.80%

0.81%

0.82%

0.83%

0.84%

0.85%

0.86%

20

25

30

35

40

45

50

2010 2011 2012E

USD billion

R&D expenditure (PPP) AS a % of GDP (right axis)

MARCH

2013

Strong growth in R&D investments in the

country over the years


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Source:Battelle, Aranca Research

Notes: GERD - Gross Domestic Expenditure on R&D,

R&D - Research and Development, PPP - Purchasing Power Parity

Worlds leading R&D investors (2011)

Country GERD PPP (USD billion)

United States 427.2

China 174.9

Japan 152.1

Germany 87.9

South Korea 52.7

France 49.2

United Kingdom 40.7

India 38.0

Brazil 27.5

Canada 27.0

MARCH

2013

India is edging ahead in the global scene in

terms of expenditure on R&D


13/37


Source: Organisational websites, Aranca Research

Notes: R&D - Research and Development

*This list is indicative

OrganisationBusiness description

Council of Scientific and Industrial Research (CSIR)

CSIR is Indias largest R&D organisation, with 39 laboratories and 50 field stations. CSIR filed the highest number

of patent applications in FY11

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, leatherand metals, minerals and manufacturing etc.

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

In 2012, 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

Its research areas include aeronautics, armaments, combat vehicles, electronics, instrumentation engineering systems,

missiles , materials, naval systems, advanced computing, simulation and life sciences

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 in 2012

It is the apex body for coordinating, guiding and managing research and education in agriculture, including horticulture,

fisheries and animal sciences in India


Key players in R&D - Scientific and R&D

organisations* (1/2)


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India Space Research Organisation (ISRO)

ISRO is engaged in development of space technology and its application to various national tasks

The organisation has 19 centres across India to pursue R&D activities

Its research areas include communication satellites for television broadcast, telecommunications and meteorological

applications, and remote sensing satellites for management of natural resources

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

The council has a fleet of 21 institutes, six regional medical research centers and five units engaged in medical research

The councils 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 16 patent applications in FY11


Key players in R&D - Scientific and R&D

organisations* (2/2)


15/37


Source: Organisational websites, Aranca Research,Notes: FY - Financial Year,

PPP - Public Private Partnership, NAIP - National Agricultural Innovation Project



Indian Institutes of Technology (IITs)

It is a group of autonomous engineering and technology oriented institutes of higher education

In FY11, IITs filed the highest number of patent applications amongst all the institutes and universities in India. IIT

Bombay filed 58 patent applications in FY11 which is highest among all IITs

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 2012, R&D activities comprised 71 in-house and 46 externally funded research projects, including 20 NAIP projects

in consortium mode with financial outlay of USD 7.1 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

In FY10, the institute filed the third highest number of patent applications amongst all the institutes and universities in

India


Key players in R&D - Institutes and

universities* (1/2)
http://www.ndri.res.in/ndri


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The Energy and Resources Institute (TERI)

TERI is engaged in developing solutions to global problems in fields of energy, environment and sustainable

development

The important research areas include biotechnology, earth science and climate change, technology development, socialtransformation, and modelling and economic analysis

Institute of Life Sciences (ILS)

ILS undertakes basic and translational research in frontier areas of life sciences

The institutes 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

Key players in R&D - Institutes and

universities* (2/2)

d


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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 The company filed 57 patent applications and was one of the top Indian patentees in FY11

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 company filed 36 patent applications in FY11 and was one of the top Indian patentees in FY11

Cipla Limited

Ciplas R&D division focuses on new product development and new drug delivery systems across a range of therapies

In FY10, the companys total R&D spending was about 5 per cent of the total turnover; during that year the company

filed 21 patent applications and was one of the top Indian applicants for patents in the pharmaceutical industry

Key players in R&D - Private sector

companies*

d


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Innovation insights from rural India

Source: Rediff Business, Aranca Research


Reaper windrower

machine

For easy and timely

harvesting of

soyabean crop

Prevents shattering of

soyabean pods due to

non-availability of

labourers for

harvesting the crop in

time

Hand operated water

lifting pump

For convenient water-

lifting at a good

discharge rate and

low cost The pump was built

in response to a

dearth of available

pumps that could be

afforded by small

farmers

Bamboo lathe machine

For stripping off the

outer covering of

bamboo to develop a

smooth surface formaking interior

decoration and utility

items

Reduces the time and

labour required to do

the job manually

Pedal operated

washing machine

For washing clothes

while exercising on a

pedal machine

An affordable and

convenient way of

washing clothes in

rural India which

experiences frequent

power shortages

MARCH

2013

d MARCH


19/37


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


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

2014-15

INS Vikrant

India Indigenous

Aircraft Carrier (IAC)

Total displacement of

over 40,000 tonnes

Being built by Cochin

Shipyard Limited

To be inducted by

2014-16

Arihant Class

Submarines

With its launch in

2009, India joined an

elite group of nations

having nuclear-

powered submarines

Developed by HSL

To be commissioned by

2012-13

Tejas

Second supersonic

aircraft to be developed

indigenously by

Hindustan Aeronautics

Limited (HAL)

To be inducted by 2014

MARCH

2013

Innovation has been a cornerstone of the

countrys defence sector

I d P MARCH


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India is one of the most preferred location for engineering offshoring

Companies across sectors (such as IT, consumer electronics, personal devices,

medical electronics, telecom and automobiles) are now offshoring complete product

responsibility

Increased focus on R&D by Indian IT firms has resulted in rising number of patents

filed by Indian IT firms

The share of IT firms in total patents filed in India went up from 4 per cent in

FY05 to 13 per cent in FY08

Notes: R&D - Research and Development , IT - Information TechnologySource: Financial Express, Value Notes,

Aranca Research

1.3

13.1

0

2

4

6

8

10

12

14

2003 2011

USD billion

R&D outsourcing in India

MARCH

2013

India is also garnering the benefits of R&D

outsourcing


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Advantage India


Growth drivers


Opportunities

Useful information



I i d P MARCH


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2222For updated information, please visit www.ibef.org GROWTH DRIVERS

Strong

government

support

Evolving consumer

lifestyles

Liberalisation andincreasing

competition

Proximity to futuregrowth markets

Policy support Increasing investments

Rising FDI

Providing support toglobal projects from

India

Inviting Resulting in

Growing demand

Sources:Battelle, Electronics for You, Organisational websites, Aranca 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

PPP in R&D

Strengtheningeducational

infrastructure

Establishment of

CoEs, NMITLIinitiative


Amendments to thePatents Act & Setting

up of NIC

Increasing corporateR&D investments

MARCH

2013

Strong demand and policy support driving

investments

I i d P MARCH


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2323For updated information, please visit www.ibef.org

PPP in R&D

Exchange of scientific knowledge between research centres, national laboratories, institutes of

higher learning and the industry

Setting up of Centres of Excellence (CoEs) in various areas

New Millennium Indian Technology Leadership Initiative (NMITLI)

Funded Institutions and

Foreign universities

Increasing the number of Indian Institutes of Technology (IITs) to 16, establishing 3 new Indian

institute of Science Education and Research (IISER) and 30 central universities

Foreign universities permitted to enter the higher education system in India by establishing their

own campuses or joint ventures with existing universities

Tax incentives

Government offers 200 per cent deduction for capital and revenue expenditure incurred by

manufacturing companies with in-house R&D

Income tax exemption of 125 per cent to 175 per cent on donations made to universities,

colleges and other scientific associations

Patents Act

Amendments to the Patents Act, 1970 to make it TRIPS compliant

Increased incentives to domestic firms to conduct R&D Increased likelihood of technology transfer from developed nations

Source:Battelle, Electronics for You, Organisational websites, Aranca Research

Notes: PPP - Public Private Partnership


GROWTH DRIVERS

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

Tasks of NIC include creating a framework to encourage innovation by central and state

governments, universities, R&D institutions and SMEs

MARCH

2013

Policy support aiding growth in the sector

I ti d P t t MARCH


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Source:India Electronic News, Moneycontrol, CNBC, Economic Times, Appliancemagazine.com,

Business Standard, The Hindu, company websites, Aranca Research

Note: R&D - Research and Development


2009

Jun 09: LG Electronics

doubles its annual R&Dinvestment outlay to USD83

million

Oct 09: Tata DoCoMo setsup R&D centre for value-

added services (VAS) and

mobile applications

Oct 09: Hyundai sets upR&D centre at Hyderabad at

an investment of USD25million

2010

Jan 10: Huawei allocates

USD500 million investmentfor R&D centre in Bengaluru

May 10: Bridgewater opensCentre of Excellence in

Gurgaon for telecom software

R&D

Aug 10: Alstom earmarksUSD39 million to establish

R&D centre for power

products at the Infosyscampus

2011

Apr 11: Hitachi to invest

USD400 million to set upR&D centre in Bengaluru

May 11: ISRO announcessetting up of spacecraft R&D

centre on 530 acres land at

Chitradurga

Oct 11: Saab AB andMahindra Satyam open an

R&D center in Hyderabad for

conducting research inaerospace, defense and civil

security

2012

Mar 12: Aditya Birla Group

launches R&D centre at NaviMumbai, developed at a cost of about

USD52 million

Apr 12: Maruti Suzuki announces aninvestment of USD500 million to set

up an R&D facility at Rohtak

Jun 25: Chinese equipment makerHuawei will invest USD2 billion to

set up global R&D centre

Nov 23: General Electric will investUSD60 million to expand its R&D

facility; its is expected to develop 30

new products by 2015

GROWTH DRIVERS

MARCH

2013

Recent investments in R&D by key players

I ti d P t t MARCH


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Public sector investments in R&D


The government has set up

CoEs based on the PPP

model for technology

development and transfer,

scientific research, humanresource development and

economic outreach

CoEs have been set up in

the areas of telecom,

wireless technology, bio-

informatics, lasers and

optoelectronic devices and

nano-electronics

The programme identifies

areas for development

based on national

consultation and invites

best partners frominstitutions, academia and

private sector to play a role

in the process

NMITLI has so far

initiated 60 largely

networked projects in

diverse areas involving 85

industry partners and 280R&D groups from different

institutions with investment

outlay of USD114 million

The government proposes

to establish 8 new IITs, 3

IISERs, 10 NITs and 20

IIITs by 2012

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

Government to set up 30

new central universities by

2012

New universities in 16uncovered states

The remaining 14 new

Central Universities will be

set up as world class

centres of excellence at

different locations

Foreign universitiespermitted to enter the

higher education system in

India by establishing their

own campuses or joint

ventures with existing

universities

Central and foreign universities

Source:Electronics for You, CSIR, Aranca Research, Business Standard

Notes: CoE - Centre of Excellence, NMITLI - New Millennium Indian Technology Leadership Initiative

GROWTH DRIVERS

MARCH

2013

Centrally funded institutionsNMITLICentres of Excellence (CoEs)


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Advantage India


Growth drivers


Opportunities

Useful information



I ti d P t t MARCH


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2727For updated information, please visit www.ibef.org SUCCESS STORIES: RANBAXY, INFOSYS


Ranbaxy filed the highest number of patent applications in the Indian

pharmaceutical sector, followed by Wockhardt and Cipla

Specific R&D focus includes technology development for APIs, platform technologies

and products in the area of novel drug delivery systems, and discovery and

development of new drug molecules

Indian pharmaceutical patent applications (FY10)

Source: Office of the Controller General of Patents,

Designs and Trademarks 2009-10 Annual Report,

Company Annual Reports, Aranca Research

37

33

21

11

10

0 10 20 30 40

Ranbaxy

Wockhardt

Cipla

Hetero Research

Concept Medical Research

Notes: API - Active Pharmaceutical Ingredient

MARCH

2013

Ranbaxy: Leading innovator in

pharmaceuticals (1/2)

I ti d P t t MARCH


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During FY06-11, the companys sales grew at a CAGR of 13 percent to USD1.6

billion from USD845.6 million

Increase in the companys R&D expenditure during the period (at a CAGR of 4 per

cent to USD98 million from USD 80.5 billion) has been a major driving force

behind this growth

Sales

Source: Company Annual Reports, Aranca Research

845.6 871.8 897.6941.9

1,094.1

1,557.5

FY06 FY07 FY08 FY09 FY10 FY11

USD million

MARCH

2013

Ranbaxy: Leading innovator in

pharmaceuticals (2/2)

Innovation and Patents MARCH


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Ranked 15th among the worlds most innovative companies on the Forbes 2011 list

Infosys filed the highest number of patent applications in the Indian IT sector,

followed by LG Soft India and C-DAC

Research activity for different areas is allocated amongst dedicated labs such asSoftware Engineering lab, Convergence lab, Security and Privacy lab, Distributed

Computing lab and E-Com lab

Indian IT patent applications (FY10)

Source:: Office of the Controller General of Patents,

Designs and Trademarks 2009-10 annual report, company

annual reports, Aranca Research

23

7

6

6

6

0 5 10 15 20 25

Infosys

LG Soft India

C-DAC

Newgen

Samsung India

Notes: IT - Information Technology

MARCH

2013

Infosys: Nurturing innovation in IT

(1/2)



30/37



During FY06-12, the companys net profit increased at a CAGR of 23 percent to

USD1.7 billion from USD500 million; the trend was in line with growth in income

(CAGR of 23.2 per cent)

In H1FY13, revenues and net profit stood at USD3,549 million and USD847 million

respectively

Expenditure on R&D outpaced top line growth during the period; it posted a CAGR

of 36.5 per cent (to USD137.5 million)

Consequently, total expenditure on R&D during FY12 rose to 2.1 per cent of total

revenue

Income and net profit (USD million)

Source:: Company Annual Reports,

Aranca Research

0

400

800

1,200

1,600

2,000

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

FY06 FY07 FY08 FY09 FY10 FY11 FY12

Income Net Profit - right axis

MARCH

2013

Infosys: Nurturing innovation in IT

(2/2)


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Advantage India


Growth drivers


Opportunities

Useful information


MARCH

2013Innovation and Patents



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3232For updated information, please visit www.ibef.org OPPORTUNITIES

Opportunities

Source:ARAI, Business Standard, India Law Office, Aranca Research

Notes: IT - Information Technology, ARAI - Automotive Research Association of India, NVH - Noise, Vibration and Harshness


Contract research is a fast growing segment in the Indian healthcare industry

Indian pharmaceuticals market is anticipated to expand at a CAGR of 17.2 per cent over 2011-2016 to touch

USD27.3 billion

Indias huge population places it among the worlds largest markets for vaccines and drugs

Pharma andHealthcare

India is increasingly seen as a product development destination

Companies are now offshoring complete product responsibility including complex services like product

management

InformationTechnology (IT)

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

Biotechnology

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 globally and is poised to become the third largest by 2020

Automobiles

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

Agriculture

2013


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Advantage India


Growth drivers


Opportunities

Useful information





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3434For updated information, please visit www.ibef.org USEFUL INFORMATION

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 Centre, 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

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Glossary (1/2)

API: Active Pharmaceutical Ingredient ARAI: Automotive Research Association of India CAGR: Compound Annual Growth Rate CoE: Centre 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

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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 Conversion rate used: USD1= INR48 WTO: World Trade Organisation Wherever applicable, numbers have been rounded off to the nearest whole number

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Innovation and Patents: Industry Report ,March 2013

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