DRIVIN G ROWTH - Dr. Reddy's

Table B
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Technology, absorption, adaptation and innovation
1 Efforts, in brief, made towards technology absorption, The Company has a full fledged R&D Division
adaptation and innovation continuously engaged in research on new products
and process development of existing products.
The Company has developed indigenous technology in
respect of the products manufactured by us.
FORM C.
Foreign exchange earnings and outgo
Please refer information given in the notes
to accounts to the annual accounts of the
As soon as the technology is developed for a product,
it is tested in Pilot Plant and there after commercial
production is taken up.
2 Benefits derived as a result of the above efforts, Product quality improvement, cost reduction,
e.g., product improvement, cost reduction, product product development, import substitution and etc.
development, import substitution, etc. The continuation upgradation and adoption of
technology as benefited the company in the form of
better production process, better yields, quality of the
end product and cost reduction.
3 In case of imported technology (imported during No Imported technology
the last 5 years reckoned from the beginning of the
financial year), following information may be furnished :
A Technology imported
B Year of import
C Has technology been fully absorbed ?
D If not fully absorbed, areas where this has not taken
place, reasons there for and future plans of action.
company in Schedule 20 Notes to accounts
item No. 18, 19, 20 and 21.
DR. REDDY’S LABORATORIES LTD. | DIRECTORS’ REPORT | ANNUAL REPORT 2001-2002
45