India- The New R&D Hub Of Global Giants

Last year, a France's high-tech engineering company Altran, having more than 17,000 employees across the globe , said that India would be an ideal place for the growth of the company, as it can aim the local market at the same time supporting its global clients. It said, “The firm is looking at both organic and inorganic routes to scale up operations to reach a workforce of 2,000 high technology experts over the next two years in India. A few companies operating in niche sectors are among the targeted acquisitions.”

In the midst of many Indian providers, HCL, Wipro and TCS have become the most influential ones. HCL reports the revenue of the segment separately with over $700 million of its $6 billion revenue in 2012-13. While Wipro’s and TCS’s revenue is said be almost similar to each other.

There are also a set of niche leaders likeAricent, KPIT Cummins, Persistent, Sasken, eInfochips, Quest Global, Tata Elxsi and Tata Technologies.

Zinnov research founded that, there were $16.3 billion of total exports in engineering R&D services in 2012-13. It was lower than the 12 percent or more growth that was seen in IT and BPO segments of outsourcing from India.

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