India is increasingly becoming the preferred hub when it comes to research and development (R&D) operations of MNCs across the globe. Companies like Yamaha, Kyocera and VMware are the recent ones to strengthen their R&D operations in the Indian market. While Yamaha and Kyocera have announced the establishment a new global R&D centre in the country, VMware has earmarked an investment of US$ 120 million to boost its R&D operations in the Indian market.
India is already the IT/ITeS hub for about 125 of the Fortune 500 companies and by 2015 it is expected that close to 50 per cent of the Fortune 500 companies will have their centres in India. The growth is expected to create at least an opportunity worth US$ 1 billion for the Indian service providers.
With the world's second largest pool of scientists and engineers and a strong domestic market, India offers a right mix of talent and opportunity to MNCs across the globe.