R&D essential for firms’ survival

THE Enterprise Strategy Group report due out tomorrow will stress the need to develop the economy’s strengths.

It will also warn of growing competition for inward investment and the need for Ireland to be vigilant.

Chaired by Eoin O’Driscoll, former boss of Lucent in Ireland, the strategic review will highlight those strengths as information technology, pharmaceutical and services based enterprises. The report plays down the distinction between indigenous and foreign-owned companies.