Can India take on China?s R&D might?

Macau News.Net
Monday 27th December, 2010 (Source: Times of India)

Even though MNC R&D centres and R&D service providers contribute over $11 billion dollars in export revenue, R&D in India doesn't get the requisite visibility. 

India has over 650 MNC R&D centres and 150 R&D service providers. 

In spite of low visibility and lack of government recognition and support, the industry grew over 20% a year over the last several years. 

Relatively lower-cost talent, movement of talent from the US to India and lack of competing low-cost locations helped propel the growth. 

However, the Chinese government has recognised the need for R&D investments and has started providing deep incentives to MNCs to set up their centres in China. 

Lack of English-language capabilities and concerns over intellectual property were the two key deterrents for growth of MNC R&D ...

Read the full story at Times of India