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India: R&D hub for MNCs

India: R&D hub for MNCs

Aparna Dutt Sharma, Chief Executive Officer, IBEF

Sep 30, 2013 10:55 AM

Being one of the IT services hubs globally, India is the only country in Asia Pacific (APAC) region that has research and development (R&D) centres of all major telecom and networking companies. The country had 1,031 MNC R&D centres at the end of 2012 compared to 806 at the end of 2007. Around 25 global companies (Groupon, Unilever, Expedia, FireEye, Ricoh, Royal DSM, Ruckus Wireless, Abbott, and Sigma-Aldrich et al) have established R&D centres in India since 2012. Significantly, India (Indian engineering R&D outsourcing providers combined with MNC captive centres in India) accounts for 23 per cent of the overall global engineering R&D outsourcing market, making it the largest player in this market. Total exports from India in the engineering R&D services segment stood at US$ 16.3 billion in 2012-13, registering a growth of 10.9 per cent compared to the previous fiscal.

Segments like telecom, semiconductor, automotive, computer peripherals & storage, consumer electronics, aerospace and medical devices are expected to continue to drive growth in engineering R&D. Engineering analytics is also emerging as an attractive opportunity in this area. Availability of high skilled talent in the Indian market should continue to attract MNCs for R&D requirements.



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