- Joined
- Jun 29, 2009
- Messages
- 4,970
- Likes
- 229
BEL implements major shift in R&D policy
: Bharat Electronics Ltd (BEL), a Bangalore-based defense PSU, is in the process of implementing a major shift in its R&D policy .Talking to FE, BEL’s R&D director IV Sarma said the company’s R&D workforce will increase to 1,700 employees in the next two-three years from the current 1,400 as the company has taken up several steps to restructure the department. The R&D spend will also increase to Rs 600 crore-Rs 700 crore in the next two-three years when the company is expected to fetch revenue in the range of Rs 7,000 crore to Rs 8,000 crore. In the last fiscal, the company’s R&D investment stood at Rs 250 crore when the company witnessed a turnover of Rs 4,618 crore.
The objective is to deliver new products with innovative technologies on par with international standards and enhance indigenous levels, he said. “Already we have taken decision at board level to implement changes in R&D policy,” he added.
Earlier the company was developing products based on the specifications provided by its clients (primarily army & air force), he said while adding, “Our R&D programmes were based on the already defined specifications by our clients. In this case, by the time the product was rolled out after 4-5 years of development cycle, it was slightly behind the technology compared to international standards.”
Hence the company has decided to develop projects proactively with innovative technologies and bring out new products. “The specification of our new products will become the specification for army and air force and gap between our standards and international ones will be bridged,” he added.
Currently, 55% of products in value are being made out of in-house technology while 20-25% products are based on technology by DRDO and ISRO followed by 20-25% through foreign collaborations. With a change in R&D policy, he said the products with ingenious technology will be increased up to 75% in the next two-three year from the current 55-60%.
Recently, the company hired 30 engineers, most of them from IITs, for its Central Research Laboratory units in Bangalore and New Delhi. In addition, the company has also hired 35 experienced software engineers for its R&D team spread across its 17 manufacturing locations.
The company has also started investing in the programmes of DRDO. “Earlier we use to further develop and manufacture the products that were already developed by DRDO. Now the company is getting associated with DRDO at development stage of the products by pumping in money to the tune of 20-30% of the project cost. It will make the project development cycle faster and the company can own the project,” he added.
: Bharat Electronics Ltd (BEL), a Bangalore-based defense PSU, is in the process of implementing a major shift in its R&D policy .Talking to FE, BEL’s R&D director IV Sarma said the company’s R&D workforce will increase to 1,700 employees in the next two-three years from the current 1,400 as the company has taken up several steps to restructure the department. The R&D spend will also increase to Rs 600 crore-Rs 700 crore in the next two-three years when the company is expected to fetch revenue in the range of Rs 7,000 crore to Rs 8,000 crore. In the last fiscal, the company’s R&D investment stood at Rs 250 crore when the company witnessed a turnover of Rs 4,618 crore.
The objective is to deliver new products with innovative technologies on par with international standards and enhance indigenous levels, he said. “Already we have taken decision at board level to implement changes in R&D policy,” he added.
Earlier the company was developing products based on the specifications provided by its clients (primarily army & air force), he said while adding, “Our R&D programmes were based on the already defined specifications by our clients. In this case, by the time the product was rolled out after 4-5 years of development cycle, it was slightly behind the technology compared to international standards.”
Hence the company has decided to develop projects proactively with innovative technologies and bring out new products. “The specification of our new products will become the specification for army and air force and gap between our standards and international ones will be bridged,” he added.
Currently, 55% of products in value are being made out of in-house technology while 20-25% products are based on technology by DRDO and ISRO followed by 20-25% through foreign collaborations. With a change in R&D policy, he said the products with ingenious technology will be increased up to 75% in the next two-three year from the current 55-60%.
Recently, the company hired 30 engineers, most of them from IITs, for its Central Research Laboratory units in Bangalore and New Delhi. In addition, the company has also hired 35 experienced software engineers for its R&D team spread across its 17 manufacturing locations.
The company has also started investing in the programmes of DRDO. “Earlier we use to further develop and manufacture the products that were already developed by DRDO. Now the company is getting associated with DRDO at development stage of the products by pumping in money to the tune of 20-30% of the project cost. It will make the project development cycle faster and the company can own the project,” he added.