Thomson Reuters Analysis Identifies Hi-Tech Engineering and Pharma Companies as Front Runners of Innovation in India

Mumbai - 12 December 2014

Thomson Reuters 2014 State of Innovation India report analyzes innovation in 12 leading sectors based on patent activity for inventions originating from India

The Intellectual Property & Science business of Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, announced the launch of its 2014 State of Innovation India report today. This is the second consecutive year of the study, which is conducted by looking at patent activity to gain a clearer understanding of the innovation landscape in India.

The study showcases twelve leading sectors and analyzes the innovation in each based on patent activity. Key findings from this year's report include:

  • Eight of the top 10 patent filers in India are Indian organizations:Among the top 10 patent filers in India, eight of these are Indian organizations, Tata Consultancy, CSIR, Larsen & Toubro, Crompton Greaves, Infosys, Tata Motors, TVS Motor, Bharat Heavy Electricals. The two non-Indian top filers are Robert Bosch and Samsung India.
  • Computing & Control leads the innovation activity drawing level with pharmaceutical sector: The largest individual sector for innovation in India is Computing & Control, followed closely by Pharmaceuticals. This is the first time Computing & Control has been in the lead.
  • High-tech, mechanical engineering sectors displace the traditional chemical and agricultural: New sectors such as Electric Power Engineering, Building & Construction, Semiconductors & Electronic Components, Lighting & Heating and Engines, and Pumps & Compressors have increased innovation activity year over year.

“India is an important global innovation hub, with both local and global organizations conducting critical R&D activities in India. Patenting activity is growing rapidly and this has a direct impact on the country’s economic growth,” said Pradeep Lankapalli, managing director, India and head of global operation centers. “As the market leader in global intellectual property information, we aim to highlight valuable industry trends and insights that can be obtained from Thomson Reuters proprietary patent data,” he further added.

India Innovation Awards
In addition to the findings announced in its State of Innovation India report, Thomson Reuters presented the India Innovation Awards today, to recognize innovation and entrepreneurship in India. The awards honor the most innovative academic institutions and commercial enterprises headquartered in India for their spirit of innovation in R&D as it relates to Indian patent publications. Six awards were presented this year, two each in Corporate Hi-Tech, Corporate Pharma, and Academic & Government sectors.

“Innovation is an important enabler of India’s strategy to become an economic powerhouse. Thomson Reuters is delighted to recognize the winners of India’s Innovation Awards. These organizations are driving new breakthroughs, creating jobs, growing the Indian economy and making a positive impact on society,” said Lankapalli.

Winners of India Innovation Awards 2014

Corporate Hi-Tech
–Infosys Limited
–Suzlon Energy Limited

Corporate Pharmaceuticals
–Biocon Limited
–Sun Pharmaceutical Industries Limited

Academic and Research Institutes
–IIT-Bombay
–Defence Research and Development Organisation (DRDO)


Winners speak at Thomson Reuters India Innovation Awards

“Our focus on innovation has enabled Biocon to cross new milestones in the area of drug affordability through our range of biosimilars and biologics. The Thomson Reuters India Innovation Award 2014 validates the work that Biocon is doing in our pursuit to find solutions that heal the world,” said Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon.

Commenting on this award, U B Pravin Rao, Chief Operating Officer, Infosys said, “We are a business that is focused on innovation, driven by insights into the real problems our clients are trying to solve. We are committed to amplifying our teams with technology, automation and AI techniques, so that we can drive this agenda with purposeful solutions that deliver unmatched value. Winning the India Innovation Award further validates our purpose and strengthens our resolve to continue to bring great ideas to life.”

Tulsi Tanti, Chairman, Suzlon Group stated “The Thomson Reuters India Innovation 2014 award in the category of Corporate Hi-Tech is indeed a prestigious recognition for us as a company. Wind energy is championing the cause of sustainable growth globally. At Suzlon we are driven by innovation and technology that helps in engineering new generation products, breakthrough applications and best in class service in the field of wind energy. Over two decades, we have invented robust, cost competitive and reliable wind turbines which has been a catalyst in powering a green revolution. Our fleet of 25,000MW globally is currently harnessing maximum power from wind, helping towards achieving our vision of sustainable energy access for all. Going forward, we will continue to raise this bar and successfully introduce next generation wind technologies and applications across the globe."

Dr. D. Akhtar, Director, Extramural Research & Intellectual Property Rights, DRDO said, “DRDO is dedicated to enhancing self reliance in defense systems and undertakes design and development of world class weapon systems and equipments for services leading them to production with industry. The innovation and IPR culture has always been an integral part of DRDO’s R&D efforts which have led to the current IPR portfolio of around 1600 patents, copyrights, trademarks and designs. It has also provided ample benefits to society by allowing some of its technologies to be released for civilian applications. The Thomson Reuters India Innovation Award 2014 is another testimony to the innovation excellence of the DRDO scientific community.”

Dr. Rajamannar Thennati, Head - Research & Development, Sun Pharmasaid, "At Sun Pharma, innovation is the core of our organization. In our business, innovation is directly linked to helping patients by providing medicines at affordable cost. We are focused on finding solutions to complex scientific challenges, environmental safety and creating an intellectual asset for sustained growth."

Methodology
Thomson Reuters 2014 State of Innovation India and the India Innovation Awards methodologies are based on research and analysis done using the Derwent World Patents Index, the world’s most trusted and authoritative value-added patent database.

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