How strong is R&D amongst paint companies in India?
Focus and priorities towards research and development (R&D) capability building and ability to undertake cutting edge research varies from company to company. In India most organized players have structured the R&D department in place for product development and market support. However, the risk appetite of Indian companies to invest in building best in class R&D organizations and enabling R&D culture is not at par with globally recognized paint players barring few leading companies. In general, organized players in the Indian paint industry invest in the range of 0.1 - 0.5% of turnover in R&D against 1 - 4% for global paint companies. As a result, R&D activities are primarily short-term centric having focus more on cost reduction, product customization, market support and developing copycats against dominant leading branded products. Focus on long-term R&D and breakthrough innovation for creating unique products which are new to the world or even new to our market is relatively lesser barring top one or two dominant players.
However, the positive aspect of Indian paints R&D is its innovation and agility to re-engineer products quickly to respond to customer needs, introduction of new cost-effective product variants, and ability to customize products to suit Indian climatic conditions and work practices. In a nutshell Indian paints R&Ds are prompt at market focused innovations leading to cost efciency and customized product development.
この記事は COATINGS AND ANTI CORROSION ENGINEERING REVIEW の December 2023 / January 2024 版に掲載されています。
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この記事は COATINGS AND ANTI CORROSION ENGINEERING REVIEW の December 2023 / January 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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