India’s success in achieving R&D investments in the electronics and IT segment, bashing countries like US and Germany is the testimony of India’s shift into a global R&D hub.
India is in a lead with 30 per cent of the global ER&D centre, as stated by the latest report from US-based HfS Research.
Confering the report,strikingly,one-third of Indian ER&D centre announcements were herded by ‘Make in India’.
Some of the enterprises that devoted in setting up their R&D centres in India as an extension of their manufacturing plans include auto majors such as Rolls-Royce and Michelin to electronics manufacturers such as Foxconn, Ericsson and LeEco.
Together the three countries, namely, China, Germany and Taiwan accounts for more than two-thirds of the ER&D centre announcements and also at the same time has been playing the key role in driving the “Make in India” project.
Other investing countries are Denmark, France, Japan, Spain, Sweden, and the UK.