KiTEC R & D Unit Recognition
About the Certification:
The Department of Scientific and Industrial Research (DSIR), Government of India, issued the Certificate of Registration on TU/IV-R&D/4138/2016 w. e. f. 21 March 2017 recognizing KiTEC R & D arm as “In House R & D Unit”. The certificate is valid from 21 March 2017 to 31 March 2019 meaning three financial years. The Department of Scientific and Industrial Research (DSIR) is a part of the Ministry of Science and Technology, which was announced through a Presidential Notification, dated January 4, 1985. It has a mandate to carry out the activities relating to indigenous technology promotion, development, utilization and transfer.
Benefit to Stakeholders:
Innovation is a continuous process and a major growth driver for KiTEC since inception. With this recognition our “Customers” will be more inclined to put their faith is us as we would be able to provide them solutions. This will also improve our acceptance in Government purchases.
The pride created as Strong players in the field of Composite Piping system will make our “Employees” and “Marketing Associates” happy and “Suppliers” reassured.
Benefits to KiTEC:
A Certified Research Institution gives a number of advantages to the Company. Primarily, it is a shot in the arm for continuous innovation efforts. However, the recognition also enables the Company to avail of a number of fiscal incentives, the primary one being the ability to claim Weighted Deduction of the company’s total R&D expenditure subject to approval from Income tax department. Excise & Custom Duty Exemptions for the products patented by the company as per Govt. Notification No24 /2007 & 16 /2007 with the right terms & Conditions. The Company is in the process of filing various Product Patents. This journey of innovation will continue with the new “In House R & C Centre” status to the companies R&D laboratory.
KiTEC’s Efforts to reach this Milestone:
KiTEC’s R & D team is active right from the inception as the new concept of piping needed new jointing concepts. Since then the company has been constantly on its toes to improve the jointing techniques and increase the size range as well incorporate new polymers and metals in composite pipe.