Wednesday, March 18, 2015

Allocation of Funds for Defence R&D

Allocation of Funds for Defence R&D

The expenditure on Research & Development by each of the nine Defence Public Sector Undertakings in 2013-14 is as under:

Name of DPSU
Expenditure on R&D
(Rs. in crore)
Hindustan Aeronautics Ltd.
1083.00
Bharat Electronics Ltd.
467.00
BEML Ltd.
86.23
Mazagon Dock Ltd.
47.56
Garden Reach Shipbuilders & Engineers Ltd.
2.92
Goa Shipyard Ltd.
3.71
Bharat Dynamics Ltd.
19.89
Mishra Dhatu Nigam Ltd.
7.97
Hindustan Shipyard Ltd
6.48

The norms for R&D, as per the guidelines of Department of Public Enterprises, are a minimum expenditure of 1% of Profit After Tax (PAT) for Maharatna & Navratna categories of Central Public Sector Enterprises (CPSEs). In respect of other CPSEs, it is 0.5% of PAT. All profit making Defence PSUs are complying with DPE norms for R&D expenditure.

The data about R&D expenditure by foreign countries is not maintained.

The Government provides assistance to Indian Industry/DPSUs/OFB/consortia in Research and Development of defence equipment. Under the ‘Make’ Category of Defence Procurement Procedure, there is a provision for funding 80% of the expenditure on Research and Development of prototype by the Government. Additionally, a Technology Development Fund (TDF) was announced in Union Budget 2014-15 to provide necessary resources to public and private sector companies, including SMEs as well as academic and scientific institutions to support Research and Development of defence systems that enhance cutting edge technology capability in the country.

So far as DPSUs are concerned, in the MOU’s signed between Government and DPSUs, a certain percentage of turnover has been fixed towards expenditure on R&D.

This information was given by Minister of State for Defence Rao Inderjit Singh in a written reply to Shrimati Sasikala Pushpa in Rajya Sabha today.

PIB

0 comments:

Post a Comment

Now Trending

34% DA Order for Central Govt Employees wef 01.01.2022 - Latest CG Employees DA Order Jan 2022

 DA Order for Central Government Employees from Jan 2022 - Finmin Order 2022 Latest CG Employees DA Order Jan 2022 Dearness Allowance payabl...

Disclaimer:

All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. Our blog "Central Government Staff news" accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog.

Links to other websites that have been included on this blog are provided for public convenience only.

The blog "Central Government Staff news" is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.

Any suggestions write to us
centralgovernmentnews@gmail.com