India To Drive Asia’s Tech Revolution? After American And European, Now Asian Firms Bet Big On Indian R&D UnitsRepresentative image. (Hemant Mishra/Mint via Getty Images)

In 2018, more than nine Asian conglomerates set up their global in-house centres (GICs) in India to drive research & development (R&D) in emerging sectors like the Internet of Thing (IoT), artificial intelligence (AI) and data analytics, reports Business Standard (BS).

“Asian firms have realised that many US and European companies have grown by leveraging Indian talent. So skill is the primary reason behind setting up Indian captives. These Asian firms also see India as a huge market which they want to serve through local presence,” said Pareekh Jain of Pareekh Consulting to BS

According to Zinnov, a management consultancy firm, out of the 1,257 GICs operating in the country, 976 are devoted to core R&D.

Everyone wants a share

Around thirty companies from Japan already have their GICs in India. South Korean firms like Samsung and Mobis have also followed the trend.

A Fortune story on Samsung stated that the company’s R&D centres in India were ‘responsible for conceptualising many products for the country, which are later used for global markets.’

Even Chinese tech companies have revealed plans to set up their innovation centres in the country. In November 2018, OnePlus, owned by the Chinese mobile industry giant BBK Electronics Co, announced that it would set up an R&D (Research & Development) centre in Hyderabad.

Also Read: From India, To The World: Uber To Host Its ‘World Lab’ In The Country To Drive Next-Gen Transportation

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement