Research and Development-R&D
65. Research and Development – R&D plays a very important role in any modern and developing country. Any private initiative that does not go for development of new types of products and production process cannot survive through competition. The enterprises where R&D plays a special role will be given state incentive for spending at least 3% of their annual revenue for R&D. Skilled engineers, industrial scientists and researchers are needed for R&D. Investment in the R&D sector is uncertain and risky. This is why it should be given state facilitation. BNP will prepare Annual Budgets helpful for R&D in the private sector. Encouragement will be given to build bridges among universities, research bodies, and business enterprises. For the development of R&D fundamental and applied research shall be encouraged. Measures shall be taken to patent new products and production process developed through R&D. BNP believes that the world has entered into the stage of knowledge based economy in the 21st century. BNP wants to move forward through this process of world development side by side.