(Article by Rajesh Ravindranathan, Head HR & Finance, SCPL) As the Covid-19 epidemic breaks mayhem in the retail industry, there are some questions to be answered, namely: will businesses risk and increase their spending on branding in the aftermath of such a devastating crisis? Advertising and promotions are what a product describes about itself to consumers. It… Continue reading Why Branding Matters More Than Ever?

(Article By Chayan Sen, Funding Associate, SCPL) The public investment in Research and Development as a fraction of GDP has remained constant for the  last two years in India. The growth in R&D expenditure should correspond in proportion to the economic  growth and should be targeted to reach at least 2 percent of GDP by… Continue reading Overview of R&D Funding In Life Science Sector In India

(Article by Sangharsh Kale. Sangharsh is a management graduate from Mumbai who joined SCPL as an intern and has graduated as the R&D Incentives Associate.) The Covid-19 pandemic has affected economies all around the world adversely. Supply chain has been disrupted due to regional lockdowns owing to the pandemic. India is still not able to… Continue reading Why Is It Important To Invest In R&D?

(Article By Chayan Sen, Funding Associate, SCPL) R & D is one of the major keys to future growth and is of vital Importance to compete at the global level. To encourage companies to keep up with technological advancement, various State Governments are introducing funding schemes to promote R & D by the companies or… Continue reading R&D SCHEME BY THE GUJARAT GOVERNMENT

We have been hearing about Make in India from Govt. for a long time but never have the intent been more obvious as seen in the updated public procurement policy released on 04th June 2020 released by Ministry of Industry & Commerce available here One of the policy change is that if the lowest bidder L1… Continue reading Design, Develop & Make in India

The Government of India is all set to table its Union Budget on 1st Feb, 2020 in the Parliament. It is anticipated that, a bold step will be taken towards reviving the economy through this budget like increase in 80-C, Cap on deductions & rise in tax exemption limit for the citizens. As we are here to discuss our expectations from the government to promote R&D in… Continue reading Budget 2020 Expectations for Research & Development in India

The unexpected announcement of reduced corporate tax rate for prevailing companies to 22% plus surcharge U/S 115 BAA has been a major blow to scientific research in this India by affecting all major manufacturing companies, IITs, Government funded research laboratories, deemed universities and private funded tech institutes. The consequence of the reduced corporate tax rate with regards to the scientific research is as follows:- a. Under Section… Continue reading Implication of new corporate tax cut on scientific research

Overview  Manufacturing has emerged as one of the high growth sectors in India targeting global markets and are becoming formidable global competitors. India has jumped 30 places to reach the 100th spot in the World Bank’s “Doing Business Report 2017” and has been one of the top improvers. The country is expected to rank amongst… Continue reading Special Tax Incentives for Manufacturing in India

As we all are cognizant to the fact that Income Tax benefits u/s 35 (2AB) relating to DSIR ratified companies receiving Form 3CM with tax deduction of 150% is slated to be reduced to 100% by end of FY 2019-20 i.e. 31st March 2020 which has got the entire manufacturing and research based companies shocked at this move.  We speak about Make in India but it… Continue reading There is hope for R&D in India