Posted: Thursday, August 21, 2008, 9:31AM
RELATED NEWS
- Food giant serves up record profits
27 Nov 08 - JLR chief offers stark supply chain jobs warning
24 Nov 08 - Toyota drives forward with cost cutting plans
20 Nov 08 - Rolls-Royce announces fresh job cuts
20 Nov 08 - Telecoms giant calls on procurement to deliver massive cost objectives
18 Nov 08 - Insurance u-turn puts brakes on troubled US car industry
14 Nov 08
RELATED ARTICLES
- Number crunching
- In the eye of the storm
- Gas and electricity price hikes set to ignite combustible situation
- Spend Analysis Roundtable: How much?
- Checking out retail
- Ten top tips for Spend Analysis
KNOWLEDGE MANAGEMENT TAGS
"Spend Management"
India still dominating R&D offshore market
The number of companies offshoring IT R&D (research and development) work to India is to set to soar, a new study has found.The report, carried out by management consultancy, Zinnov, found that the country's R&D industry was currently worth $9.35 billion - a figure that is set to rise to $21.4 billion by 2012.
The number of R&D centres located in India has risen from just 180 in 2000 to almost 600 this year.
Managing principal and co-founder of Zinnov, Vamsee Tirukkala, attributed the increase to an ever-expanding talent pool in the country, in addition to the cost savings that operating in India can still realise.
Tirrukkala claimed that China was providing India's strongest competition as an offshore R&D location, although concerns over intellectual property protection continued to hold it back.
= Online Global Members Only 
= Premier Members Only
