Bharat Electronics plans to hike annual outlay for R&D (Business Standard India)

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Bharat Electronics Limited (BEL), the Bangalore-based public sector undertaking under the ministry of defence, is planning to increase its research and development (R&D) budget by a huge proportion, from the present 5 per cent to 10 per cent of its annual turnover in the next two years, a top BEL official said.

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