BHEL likely to increase R&D spend

BHEL, public utility giant is likely to increase research and development (R&D) spend to 2.5% or cross Rs 2,000 crore with the overall target set at Rs 1,01,600 crore by 2017. It has invested Rs 1,162 crore or 2.3% of the company’s total turnover on R&D during 2011-12.  The value of in-house developments from this R&D inputs was pegged at Rs 9,512 crore.

The Corporate R&D at Hyderabad, which drives the entire research activity of BHEL, also filed 351 claims for intellectual property rights. These include 143 patent applications, 206 for copyright and two for design.