In a working paper titled ‘An Investigation Into Corporate Profits and Investment, co-authored by Prof S Mahendra Dev, chairman of EAC-PM, joint directors of EAC-PM Dr Sri Vatsa Sehra and Dr KK Tripathy and deputy director of EAC-PM Kamil KPS Bhullar, EAC-PM called for policy support to encourage innovation, enahnce R&D spending and promote industry-academia linkage to pave the way for establishment and growth of innovative firms.