GOVERNMENT OF INDIA
MINISTRY OF SCIENCE AND TECHNOLOGY
DEPARTMENT OF SCIENCE AND TECHNOLOGY

LOK SABHA
STARRED QUESTION NO. 2
ANSWERED ON 1.12.2004

TECHNOLOGY DEVELOPMENT BOARD

* 2 . SHRI ALEMAO CHURCHILL:

Will the Minister of SCIENCE AND TECHNOLOGY be pleased to state :

(a) the purpose, aims and objectives of the Technology Development Board;

(b) the names of companies to whom financial assistance was provided by the Technology Development Board in the last three years, year-wise; and

(c) the details of terms and conditions on which the financial assistance to each company was granted ?

ANSWER

MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF SCIENCE AND TECHNOLOGY AND MINISTER OF STATE (INDEPENDENT CHARGE) OF THE DEPARTMENT OF OCEAN DEVELOPMENT

(SHRI KAPIL SIBAL)

(a) to (c) : A statement is laid on the Table of the House.

STATEMENT AS REFERRED IN REPLY TO PARTS (a) TO (c) OF LOK SABHA STARRED QUESTION No. 2 FOR 1.12.2004 REGARDING “TECHNOLOGY DEVELOPMENT BOARD”.

(a) : The Government of India has set up Technology Development Board (TDB) with adequate funds to consolidate technology development in the country by bringing together the efforts of industry and R&D institutions for achieving integrated excellence.

Technology Development Board –

(i) provide equity capital, subject to such conditions as may be determined by regulations, or any other financial assistance to industrial concerns and other agencies attempting commercial application of indigenous technology or adapting imported technology for wider domestic applications;

(ii) provide financial assistance to such research and development institutions engaged in developing indigenous technology or adaptation of imported technology for commercial application, as may be recognized by the Central Government;

(iii) perform such other functions as may be entrusted to it by the Central Government.

(b) : The names of companies with whom TDB signed agreements in the last three years for providing financial assistance are given below:-

S.No. 2001-02
1.Mak Controls and Systems (Private) Limited, Coimbatore2.Omega Ecotech Products India Private Limited, Coimbatore3.Membrane Filters (India) Private Limited, Pune4.Transweigh (India) Limited, Mumbai5.Clutch Auto Limited, New Delhi6.Shriram Energy Systems Limited, Hyderabad7.Vinati Organics Limited, Mumbai8.Selco International Limited, Hyderabad9.Filtra Catalysts and Chemicals Limited, Thane10.Radiant Cables Private Limited, Hyderabad11.Gland Pharma Limited, Hyderabad12.Eicher Motors Limited, Pithampur13.Tata Motors Limited, Mumbai
Contd…………2

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S.No. 2002-03
1. Gujarat Oleo Chem Limited, Panoli2. Steel Strips Wheels Limited, Dappar3. Vardaan Agro Tech Private Limited, Delhi.4. Biocon India Limited, Bangalore.5. Agrosurg Irradiators (India) Private Limited, Mumbai. 6. PicoPeta Simputers Pvt. Limited, Bangalore7. e-Logistics Private Limited, Chennai.8. Innovation Communications Systems Ltd, Hyderabad9. Issar Pharmaceuticals Pvt. Ltd., Hyderabad.10. N-Logue Communi-cations Private Limited, Chennai.

S.No. 2003-04
1.Ugar Sugar Works Limited, Sangli.2.Silgate Technologies Private Limited, Mumbai3.Coral Telecom Limited, Solan4.Ravindranath GE Medical Associates Private Limited, Hyderabad5.Sofblue India Private Limited, New Delhi6.Gunjan Paints Limited, Ahmedabad 7.Shriram Energy Systems Limited, Hyderabad8.Ind-Swift Laboratories Limited, Chandigarh9.Gland Pharma Limited, Hyderabad 10.Vinati Organics Limited, Mahad11. Rajratan Gustav Wolf Limited, Indore 12.Natural Remedies Private Limited, Bangalore13.Biological E Limited, Hyderabad14.Yashraj Biotechnology Limited, Mumbai15.Ravindranath GE Medical Associates Private Limited, Hyderabad 16.Powai Labs Technology Private Limited, Mumbai17.Vishnu Fabrics Private Limited, Srivilliputtur18.Karishma Software Limited, Secunderabad19.MIC Electronics Limited, Hyderabad20.Strides Acrolab Limited, Bangalore 21.Dorven Agro-Eco-Bio Ventures Private Limited, Chennai22.Strand Genomics Private Limited, Bangalore

(c) : The Board may provide financial assistance in the form of Loan, Equity or Grant. While the loan assistance is limited to 50% of the total project cost, equity participation is limited to 25% of the total project cost. The Board may also provide grants to R&D Institutions/Industrial Concerns.

The loan assistance provided by TDB carries 5 percent simple rate of interest per annum. The repayment of loan together with interest thereon is commenced one year after the project is completed. The loan amount and interest is recoverable in five years. The terms and conditions generally include providing collateral guarantees, hypothecation and / or mortgage of assets, monitoring, inspection, etc.