Article Categories
» Arts & Entertainment
» Automotive
» Business
» Careers & Jobs
» Education & Reference
» Finance
» Food & Drink
» Health & Fitness
» Home & Family
» Internet & Online Businesses
» Miscellaneous
» Self Improvement
» Shopping
» Society & News
» Sports & Recreation
» Technology
» Travel & Leisure
» Writing & Speaking

  Listed Article

  Category: Articles » Finance » Taxes » Article
 

India Biotech Disappointed: Not Enough Tax Incentives




By James Marriot

The financial budget of India for the year 2006 has caused reasons to disappoint its biotech sector. The first shortfall was in dowsing expectations on the tax structure. While currently only costs of Indian patent filings are included in weighted tax deductions, the biotech sector now wants costs of international patent filings also to be included.

The second shortfall pertains to restraining taxes on technology transfers and technology licensing on which the biotech industry relies heavily to launch new technologies. This dependence is more as world biotech companies usher advanced medicinal and agricultural techniques into the country. So the biotech industry wants exemptions on withholding taxes on these.

Entrepreneurs argue that the biotech sector needs this kind of support to compete with countries like China, Singapore, Korea and Eastern Europe. The industry therefore hopes that its demand would be met by the new national biotech policy that is to be announced later this year.

The financial budget has also disappointed the industry by not relaxing export obligations for newly formed biotech companies in the biotech "parks" coming up in all economic zones of the country.

Recently, several state governments such as in Maharashtra, Andhra Pradesh and Karnataka have taken proactive initiatives to promote biotechnology by implementing different biotechnology policies. These policies focus on setting up Biotech Parks, Incubators, Centers of Biotech Excellence and providing fiscal incentives to investors.

A market research report named "Indian Biotechnology Market Outlook (2006)" prepared by RNCOS gives a detailed analysis of the Indian biotech market structure and conditions. It also delineates the initiatives and policies of central and state governments.

Prior to this, the report assesses the Indian biotechnology market for 2005 in terms of size, demand, domestic market and exports. It also forecasts for the same till 2010. An intensive SWOT analysis is also covered in the report. The analysts discuss about the future of biotechnology in India as also how the government initiatives and resulting regulations are affecting the industry.

Finally the report lists company profiles of 20 major players in biotech industry including Shantha Biotechnics, Biocon, Bharat Biotech, Wockhardt, Serum Institute of India, Zydus Cadila, and Aventis Pharma.

To purchase your copy: http://www.rncos.com/Report/Biotech14.htm

For more information please visit www.rncos.com




 
 
About the Author
RNCOS offers complete e-publishing solutions for your business. We provide personalized world-class content development and management solutions that are qualitative and result-oriented.

Article Source: http://www.simplysearch4it.com/article/26394.html
 
If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/26394.html" as shown above and make it hyperlinked.



  Some other articles by James Marriot
Russian Automotive Industry: Boom Or Bust?
Moscow recently hosted the 15th International Automotive Conference, which discussed the main developmental trends in the Russian automobile market. It is estimated that Russia's auto market ...

Addressing A Shortage Of Hotel Rooms, Not People
As Indian economy is booming, the tourism industry is also growing and so is the number of hotel rooms. Overseas visitors are flooding the country to attend conferences, make ...

Fuel Cell Cars Approved For Zero-Emission Push
Environmental Protection Agency (EPA) makes it easy for the auto manufacturers to meet the target of zero-emission by vehicles. On Dec 23, 2006, officials of EPA (Environmental Protection Agency) in Washington & ten ...

Rising Use Of Biofuel May Drag Crude Prices Below US$ 40 Per Barrel
In New York prices of crude oil are expected to slide to US$ 40 per barrel, with rising supplies of biofuel shaving demand growth of ...

Japan Anticipates Indonesia Will Extend Its Gas Contract Soon
During his Japan visit in November 2006, President Susilo Bambang Yudhoyono gave indications about Indonesia's willingness to extend its gas contract that'll expire in 2011 with Japan. "We're ...

Passport Cards To Go Hi-Tech In United States
Fire has been drawn from some quarters as the US govt. plans to use RFID (Radio Frequency Identification) chips in the proposed program ...

  
  Recent Articles
Florida Property Tax News: Property Tax Reform Committee Proceedings
by Daniel A. Weiss

Easy bookkeeping, accounts, tax for small businesses
by John Harriyott

March 1st is Florida's Filing Deadline For Agricultural Classification and Charitable, Religious and Educational Exemptions!
by Daniel A. Weiss

Tax preparation: Should You File Or Pay A Professional?
by Kenneth L Myers

Tax return online is a hassle free way of calculating taxes
by Michelle Barkley

Filing Your Tax Return.
by Kenneth L Myers

Tax Return Forms
by Lukas Wade

Tax return online can ease your tax calculation work
by Michelle Barkley

Saving For Retirement: Make the Maximum Contribution to Your Retirement Plan & Retire Secure
by James Lange

IRA & Retirement Planning Mistakes: Don't Fall Victim to Bad IRA and Retirement Plan Advice
by James Lange

Tax Return Online Helps You Calculate Your Tax Returns Promptly
by Michelle Barkley

Can I avoid sales tax on my aircraft by registering it in a Delaware Corporation?
by Thomas A. Alston