Published On:January 17 2023
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DSIR Recognition to Vikas Lifecare's In-House R&D Unit.

Vikas Lifecare Limited's In-House R&D Unit(s) has recently got recognition from Department of Scientific and Industrial Research, Ministry of Science & Technology, Government of India (DSIR). This prestigious DSIR recognition set-up by Government of India for benchmarking of the industrial R&D not only acknowledges company's In-House R&D activities' supremacy, par excellence research work and innovations, but also encourages us to maintain our R&D activities at par with international standards.

This DSIR recogination for Company In-house R&D Units make it eligible for receiving funds for R&D purpose from various government departments and agencies, and enable us to invest further into necessary equipments with reduced or zero tax liability, as R&D Equipments could now be imported with 100% custom duty exemption whereas domestic equipment purchases 'll attract reduced GST rate of 5% only. Further, in case a product arising out of the R&D unit is patented in India and one more from other country (the US, China, or EU), the product can be sold without any excise duty for a period of three years.

The recognition and the pursuing benefits will help VLL generate additional revenues via manufacturing niche materials and or sales of the in house technology to produce such materials and or roralty fee generated from the technology / technique is let out to other producers of similar materials.


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