Is low cost the reason for India being the biggest R & D center for MNC's...Or is the talent very attractive?...In any case it is a matter of pride...But these MNC's will go in droves to another country which undercuts us & offer similar talent pool..We need to build on our indigenous R & D...Our Indian Companies have to spearhead innovations in products! May be long way to go!
India No. 1 choice for global tech R&D
Sujit John | TNN | Dec 9, 2015, 05.32 AM IST
BENGALURU: India remains the No. 1 location for MNCs to establish product engineering and R&D centres outside their home countries, and the growth of these centres in India is outpacing the average global growth.
India accounted for $12.3 billion, or 40%, of the total of $31 billion of globalized engineering and R&D in 2015, according to a study by consulting firm Zinnov. Compared to 2014, the revenues of the captives in India grew by 8.3%, as against the growth of 7.6% for all captives. China follows India with revenues of $9.7 billion.
Zinnov, which has been focused on this space since it was founded over a decade ago, finds that 69% of all new offshore technology centres this year were set up in India. The past two years have seen a spate of new centres being set up and the older ones expanding, including those of Exxon Mobil, Lowe's, Visa, Victoria's Secret, JC Penny, CME Group, Wells Fargo, and British Telecom.
Software & internet accounts for 35% of the work being done in the captives, telecom & networking follows with 14% and semiconductors 12%. Consumer electronics, automotive, computer peripherals, medical devices, industrial, and aerospace & defence are other areas of work.
http://timesofindia.indiatimes.com/...e-for-global-tech-RD/articleshow/50100323.cms
India No. 1 choice for global tech R&D
Sujit John | TNN | Dec 9, 2015, 05.32 AM IST
BENGALURU: India remains the No. 1 location for MNCs to establish product engineering and R&D centres outside their home countries, and the growth of these centres in India is outpacing the average global growth.
India accounted for $12.3 billion, or 40%, of the total of $31 billion of globalized engineering and R&D in 2015, according to a study by consulting firm Zinnov. Compared to 2014, the revenues of the captives in India grew by 8.3%, as against the growth of 7.6% for all captives. China follows India with revenues of $9.7 billion.
Zinnov, which has been focused on this space since it was founded over a decade ago, finds that 69% of all new offshore technology centres this year were set up in India. The past two years have seen a spate of new centres being set up and the older ones expanding, including those of Exxon Mobil, Lowe's, Visa, Victoria's Secret, JC Penny, CME Group, Wells Fargo, and British Telecom.
Software & internet accounts for 35% of the work being done in the captives, telecom & networking follows with 14% and semiconductors 12%. Consumer electronics, automotive, computer peripherals, medical devices, industrial, and aerospace & defence are other areas of work.
http://timesofindia.indiatimes.com/...e-for-global-tech-RD/articleshow/50100323.cms
