Hardik Dave (IPCC and CS Professional(FINAL) Student) (15533 Points)
28 December 2010
Macau News.Net
Monday 27th December, 2010 (Source: Times of India)
Even though MNC R&D centres and R&D service providers contribute over $11 billion dollars in export revenue, R&D in India doesn't get the requisite visibility.
India has over 650 MNC R&D centres and 150 R&D service providers.
In spite of low visibility and lack of government recognition and support, the industry grew over 20% a year over the last several years.
Relatively lower-cost talent, movement of talent from the US to India and lack of competing low-cost locations helped propel the growth.
However, the Chinese government has recognised the need for R&D investments and has started providing deep incentives to MNCs to set up their centres in China.
Lack of English-language capabilities and concerns over intellectual property were the two key deterrents for growth of MNC R&D ...
Read the full story at Times of India
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