Report: India isn't just for outsourcing anymore : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

Report: India isn't just for outsourcing anymore

August 11, 2008

engineersMASSACHUSETTS (RUSHPRNEWS)AUGUST 11, 2008 - India is starting to assert itself as a center of high-tech innovation, according to a study set to be released Monday morning.

A talent pool of engineers working in research and development that barely existed 15 years ago has blossomed to 250,000 people, more than 140,000 just in Bangalore, said Vamsee Tirukkala, co-founder of the consulting company Zinnov, which conducted the study. That's second only to Silicon Valley. And as Indian ex-patriots return home and new college graduates stay home rather than read to regions such as Silicon Valley, as they have in the past, those numbers are only expected to grow, Tirukkala said.

"The brain drain 10 years ago is actually helping the market today," he said. "These are the people going back today...bringing domain expertise with them. The opportunities in India have dramatically increased for them."

If there's a point to be taken for Silicon Valley in Tirukkala's admittedly enthusiastic report it's one that Valley leaders have discussed for years: The next real competitor for high-tech leadership won't be another American tech hub like Massachusetts' Route 128 corridor or North Carolina's Research Triangle Park. It will be in a developing region such as India's Bangalore.

The growth in R&D investment in India, is perhaps the report's most interesting data point. India's high-tech industry may have gotten its start in call center outsourcing, giant services business, and basic "grunt" software coding, but that's beginning to change. R&D offshoring to India is currently worth an estimated $9.35 billion, according to the report, and that's expected to more than double to $21.4 billion within the next four years.

Interestingly, American companies that have been moving more R&D work to India will continue to do so, but for a reason that is perhaps different than the cost-savings that drove them over the last decade: they want to tailor products for the growing local market, and the best way to do that is to have local people who understand cultural and business differences doing the work.

Does that mean Bangalore is going to surpass Silicon Valley for tech industry leadership anytime soon? No. The Valley still receives, by a wide margin, more venture capital investment than any other region in the world, and the big tech companies and universities that call the Bay Area home aren't going anywhere.

Source: CNET News

Click here to see all news from this author/company

Filed Under: BANKING AND FINANCIAL NEWS, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

Talkingtech.ca Launches Canadian Technology Forums

Toronto, Ontario 04/18/15 · Canadians with a love of everything hi-tech have...

Global Access CSG Announces New Chief Operating Officer

NEW YORK, NY and MINNEAPOLIS, MN 04/15/15 · Global Access CSG is pleased to announce the...

Newborn Foundation Featured at Shanghai Neonatal Forum

Saint Paul, MN / Shanghai, China 04/15/15 · Forum follows implementation visits to SW China newborn...

Minority-Owned Handbag Brand Continues to Emerge

Charlotte, NC 04/13/15 · He is commonly called “Mr. Sylvia”, but Sylvia...

By April 21, create a responsive site or be left out of Google top ranks

San Francisco, California 04/13/15 · By Anne Howard for TrafficStriker. Have you checked your...

Pressenger Mobile App Urges Users To Support Earth Day 2015 Thunderclap Campaign

Budapest, Hungary 04/11/15 · Participants use pre-call image to spread awareness about...

Diecasters shown how to save up to 85% off whole life running costs

Stuttgart, Germany 04/09/15 · Diecasters will be told how to save up...

Criminals Host Fake Government Services Web Sites

Reston, VA 04/08/15 · Criminals Host Fake Government Services Web Sites to...

Running Aces Introduces Renovated Simulcast Space in Preparation for Racing Season and Kentucky Derby

COLUMBUS, MN 04/08/15 ·   Running Aces Introduces Renovated Simulcast Space in Preparation...

Filipino Freedom Fighter to U.S. Army Officer - Bataan Death March Survivor

LOS ANGELES, CA 04/07/15 · By Farrell J. Chiles “My father told me us...

Doth Solutions Offers a Complete Suite of Intelligent IT Business Solutions

Mississauga, CA 04/01/15 · DotH Solutions, located in Mississauga, is a professionally...

Time to increase your public relations impact

SAN FRANCISCO 04/01/15 ·                 Your « SPRING2015 » Coupon is here! And with it...

Renew Life’s #MomentsOfJoy Campaign Gaining Momentum On Social Media

Milton, ON 03/26/15 · Supplement Co. Recognizing Canadians Making Positive Impact On...