Borosil Renewables gets DSIR recognition for in-house R&D unit
BORORENEW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Borosil Renewables has received DSIR recognition from the Government of India's Department of Scientific and Industrial Research for its in-house R&D unit located in Hinjewadi, Pune, Maharashtra. The recognition is valid till March 31, 2029. It acknowledges the company's research work and innovations, and entitles the R&D unit to customs duty exemption on purchase or import of equipment, instruments, spares, and consumables used for R&D activities. This benefits the company by reducing costs for R&D-related imports.
Positive for shareholders as DSIR recognition grants customs duty exemption on R&D imports, reducing costs and supporting innovation till March 2029.