India is among the top destinations for
research and development investments in the world, as 228 global 500
companies have presence here and 45 per cent of the world's top 500
R&D spenders invest in India, says a report. According to Zinnov, a
leading globalisation advisory and management consulting firm, 228
global top 500 companies have presence in India.
The Deccan Triangle (Bangalore, Hyderabad, and Pune) has over 200 established R&D centers (from global top 500 companies) and is the innovation engine of India, the report said. China, however is the leading destination for R&D investments with a total of 385 global top 500 companies having a presence there as compared to 220 companies in the Bay Area and 228 companies in India.
Globally the Automotive vertical has the highest R&D spend and India is one of the key destinations for these companies with cities such as Pune and Chennai fast emerging as Auto Hubs, the report said. In 2012, 26 companies increased their global R&D spend by at least 20 per cent and contributed over 19 billion dollars. Around 14 of these companies have a presence in India and have increased their global R&D spend by USD 14 billion, of this only USD 129 million was invested in India.
In keeping with the historic trend that companies with a higher R&D spend find India more attractive for investments, there is a clear opportunity to create additional 200K R&D jobs in India by G500 companies in the next 5 years.
"To move to the next level R&D centers in India must work on charters that impact the top-line objectives of the company –the ones that create architectural and business impact, for which higher maturity of product teams is a must," Zinnov CEO Pari Natarajan said.
The Deccan Triangle (Bangalore, Hyderabad, and Pune) has over 200 established R&D centers (from global top 500 companies) and is the innovation engine of India, the report said. China, however is the leading destination for R&D investments with a total of 385 global top 500 companies having a presence there as compared to 220 companies in the Bay Area and 228 companies in India.
Globally the Automotive vertical has the highest R&D spend and India is one of the key destinations for these companies with cities such as Pune and Chennai fast emerging as Auto Hubs, the report said. In 2012, 26 companies increased their global R&D spend by at least 20 per cent and contributed over 19 billion dollars. Around 14 of these companies have a presence in India and have increased their global R&D spend by USD 14 billion, of this only USD 129 million was invested in India.
In keeping with the historic trend that companies with a higher R&D spend find India more attractive for investments, there is a clear opportunity to create additional 200K R&D jobs in India by G500 companies in the next 5 years.
"To move to the next level R&D centers in India must work on charters that impact the top-line objectives of the company –the ones that create architectural and business impact, for which higher maturity of product teams is a must," Zinnov CEO Pari Natarajan said.
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