Companies

Aditya Birla Group to step up R&D

The Aditya Birla Group is keen on stepping up its research and development (R&D) efforts and will focus on basic research for which it plans to dedicate one per cent of its turnover in the near future.

Speaking at a launch of the Aditya Birla Science & Technology Centre (ABSTC) on Saturday, Kumar Mangalam Birla, Chairman, Aditya Birla Group, said the centre would be “the hub of the group's global R&D network, supplementing the R&D footprint that already exists within our businesses.”

“We cannot depend only on sourcing technology and knowhow through collaborations or licensing agreements for three important reasons. First, licensing technology is expensive; second, licensees cannot always get the best available technology; and third, and most important, only by actively developing our technology, will we create the institutional knowledge that sets us apart from the pack.”

ABSTC will be hub of the group's R&D network inclusive of Novelis and Colombian Tech Centres in North America, the Thai Chemical Epoxy Centre in Thailand, the pulp laboratories in Sweden and several others.

The R&D centre will undertake white space work in some platform technologies and has till date, spent in excess of Rs.250 crore in creating the facility.

Luca Fontana, CEO, ABSTC, and CTO, Aditya Birla Group, said, “We were relying on licensed technology and are now trying to develop own technologies and develop products and processes for the future here.”

As of now, the centre has over 100 scientists and engineers and this talent pool is slated to grow substantially.

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Printable version | Mar 3, 2021 2:49:29 PM | https://www.thehindu.com/business/companies/aditya-birla-group-to-step-up-rd/article2957898.ece

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