期刊名称：International Journal on Research and Development : A Management Review
印刷版ISSN：2319-5479
出版年度：2014
卷号：3
期号：1
页码：1-5
出版社：Institute for Research and Development India
摘要：The Research and Development (R&D) is an important contributor to economy of any country and hence growth and sustainability of R&D vital for nations. As the pace of technology is accelerating and newer technologies and processes are becoming important, R&D is becoming a crucial factor in success of the companies and economies in a globalised and competitive world. Companies that consistently and persistently invest in R&D outperform others. Though R&D is generally undertaken by industry and academia, the government plays a key role in developing policies that foster R&D and its sustainability. India's economic growth in the recent years has been impressive due to government policies and acts including Science and Technology Policies increase in spending in R&D and tax incentives. With current government policies and acts, there are many opportunities for domestic as well as foreign companies to invest in R&D in India and establish the competitive position in domestic as well as export market. However, the opportunities that are encouraged by policies, spending and tax incentives are also accompanied by many challenges to create a strong and sustainable R&D. This paper makes an analysis of opportunities available to industries and challenges faced by them in India for sustainable R&D
关键词：Innovation; Opportunities and Challenges; R&D; Sustainability; Tax Incentives
