Aditya Birla Group launches a R&D centre at cost of Rs 250 crore

Posted By: Religare
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Aditya Birla Group launches a R&D centre
An Indian multinational conglomerate corporation, Aditya Birla Group said that its science & technology arm, ABSTC has launched a dedicated R&D centre, developed at a cost of Rs 250 crore, which will handle research and development activities for the group companies in an integrated manner.

The company said that it will help group companies reduce dependence on licensed technologies developed outside, and also puts the group in a select category of domestic conglomerates having dedicated R&D verticals.

Commenting on the development, Kumar Mangalam Birla, chairman said, "Some of the companies in the USD 35-billion group, especially those acquired recently like Novelis, have R&D divisions, but this centre will be the global hub of all its R&D activities."

Spread over 20 acres at the Taloja industrial estate, the centre will focus on future technologies keeping in mind the group interests and plans, while the Research and Development (R&D) divisions of individual companies will focus on short- and medium-term needs, said ABSTC Chief Executive Luca Fontana.

The facility will primarily focus on manufacturing and retail segment and will also target in financial services and telecom as well, he added.

In the recent time, company has tied -up with premier institutions like IITs and BITS to nurture relevant technologies.

Story first published: Monday, March 5, 2012, 9:32 [IST]
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