India lost R&D centre crown to China last year
BENGALURU: China has overtaken India in attracting engineering and research & development captive facilities of global firms for the first time in two years. During the third quarter of 2017, Beijing attracted nine captives or global in-house centres, while India saw eight such centres announced by local and global companies, said a report by HfS Research.
The firms that have set up R&D centres in China include BMW, which opened research unit in Shenyang. Of the nine firms, three of them have committed investments of around $930 million. At the same time, of the eight firms in India, three companies have disclosed investments of around $443 million.
“Apart from the proposed new captive facilities, China saw a higher expansion of existing captives as well during the third quarter. This can be primarily attributed to an increased focus on industrial R&D,” Pareekh Jain, senior vice president at HfS Research, told ET. Engineering R&D is a prominent part of the research captives set up by organisation in China, India and other companies.
Among the lowcost countries, a majority of the ER&D captive centres were announced in China, followed by Romania, and Brazil.” China has scored higher on automotive and consumer electronics exposure over other countries and India. Industry body Nasscom, however, said it would be difficult to draw a conclusion based on one quarter’s growth data.
R Chandrasekhar said even though China might an edge in hardcore manufacturing and automotive, but when it comes to softwareled activity businesses look forward to India.
One cannot draw conclusions based on the results of a single quarter. Also, there are so many factors that come into play when a foreign company makes a decision to invest overseas on an ER&D centre. Hindustan continues to attract serious investments in this space and it is imperative that our citizens graduating from universities make use of the opportunities that these businesses provide.
Well what do you expect when 56 inch chest government is focused on Vedic ''knowledge'' and cows?
Som Nath Sharma
Indians are great talking machines, no one can defeat them in loquaciousnes
T P Viswanathan
Naturally! Indian politicians of all hues are preoccupied with sectarian bouts. Country''s interest is put behind when it comes to party / poliitician''s interest
That is due to 60 years of Congress rule.
At least Central govt doing something But media did not mentioned the loss to country due to failures,corrupt,lethargic,Dynastic,appeasement by Congress government. China,Japan,Germany developed in Max one decade then what Congress done in 60 years??Only because of vote bank politics,No Love/Descipline for Country at all.( it happened only on two days 26 Jan & 15 August with songs on TV)
With top institutes full of dubious quality SC/ST students and also reservations and easy norms for SC/ST even in phD. Indian degree is mostly a joke
Pity we are losing out to China on several fronts
This is a baseless article... why do they need to publish such irrelevant article... we are not in rat race with china!
north indians have rape techniques