India: Despite rising costs, India will continue to be a popular
site for offshore R&D, according to consulting firm Zinnov, which
conducted interviews with 120 foreign R&D centers in India. The
offshore R&D industry is worth $9.35 billion, is growing 23%
annually and is forecasted to be $21.4 billion by 2012. Multinational
corporations are fueling the growth. The number of foreign-owned R&D
centers in India totals 594, with Bangalore as the primary location.
These centers are increasingly developing products for sale
internationally. Zinnov estimates that 10% of foreign-owned Indian
R&D centers have "full ownership" of their product lines
and that this percentage will increase to 30% by 2012.
Source: Business Week
COPYRIGHT 2008 Strategic Directions International
Inc. (SDI) Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2008 Gale, Cengage Learning. All rights
reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.
Browse by Journal Name: