Heavy Industry Minister Anant Geete said R&D is included as a parameter by the CPSEs in the Memorandum of Understanding, a mutually negotiated annual agreement between CPSEs and government, and for this purpose guideline on R&D have been issued on September 23, 2011.
     
"These guidelines are a character on activities, projects, expenditure, documentation and monitoring of R&D initiatives by CPSEs," he said during Question Hour.

Geete said government has been announcing a number of incentives for enhancing R&D in the industrial sector which are also applicable to CPSEs, including fiscal incentives under Income Tax Act, Customs Duty Exemptions, Central Excise Duties waive etc.

(Agencies)

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