Zoho CEO Sridhar Vembu calls for corporate mandate on R&D in India
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In order to build a technology innovation culture in India, the country needs a corporate mandate on Research & Development similar to CSR, Sridhar Vembu, founder, Zoho Corporation said. "A corporate mandate to spend one or two per cent on R&D is needed for India like the two per cent CSR (corporate social responsibility) mandate. It is a high potential investment," Vembu said as quoted by news agency PTI.
