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DRDO inks license agreement with Patanjali Ayurved
Highlights
Defence Institute of High Altitude Research (DIHAR), Leh has signed a licensing agreement with M/s Patanjali Ayurved Ltd., on 23rd August 2015 for Transfer of its Seabuckthorn based technologies for manufacturing and marketing of these herbal food supplements.
Defence Institute of High Altitude Research (DIHAR), Leh has signed a licensing agreement with M/s Patanjali Ayurved Ltd., on 23rd August 2015 for Transfer of its Seabuckthorn based technologies for manufacturing and marketing of these herbal food supplements. The criteria for selection of company is based on the ability of company to absorb the technology and undertake sustained production as assessed by the Technical Assessment Committee (TAC) of the concerned laboratory which has developed the product. Technology has been transferred on non-exclusive basis and agreement is signed as per the provisions of “DRDO Guidelines for Transfer of Technology”.
Two Ayurvedic firms, namely M/s Ambe Phytoextracts Pvt Ltd and M/s Pravek kalp Pvt Ltd had expressed their interest earlier and accordingly the technology was transferred on non-exclusive basis to them in 2014 as per the provisions of “DRDO Guidelines for Transfer of Technology”. In 2015, when the technologies were posted onwww.drdoficciatac.com, only M/s Patanjali Ayurved Ltd shown interest and accordingly the technologies were transferred on non-exclusive basis to market the developed products.
This information was given by Minister of Defence Shri Manohar Parrikar in a written reply to Dr. K Keshava Rao in Rajya Sabha today.
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