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| Global R&D spending rises 8.2 percent in FY11 |
| Friday, 22 June 2012 | |
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Global R&D spending has grown by 8.2 percent in FY2011, according to a Zinnov study. India’s prominence as an R&D hub is growing with the likes of IBM, SAP, Oracle and others setting up R&D centers and currently, 30 percent of the top 1000 R&D spenders across verticals have a presence here. This growth has been primarily driven by organizations in the semiconductor, industrial and consumer hardware and electrical and electronic sectors. Talent pool The total installed talent pool of 2.2 lakh people in MNC subsidiaries in India and these MNCs have spent Rs 35700 - 38250 crore (USD 7-7.5 billion) on the headcount in India in FY2011 alone. The opportunity areas for India to attract R&D investment span over 13 sectors with software being the most invested in sector. Sidhant Rastogi, director - globalization advisory, Zinnov said, “The sentiment on the role of R&D in driving the future continues to remain positive across geographies, supported by the significant increase in R&D spending in FY2011. Global R&D investments have grown by 8.2 percent as compared to the previous fiscal.” R&D spenders Of the top 1,000 R&D spenders globally, the industrial sector led with 14.6 percent of the total R&D spend. Software/Internet and automotive constituted 9.4 percent each, while semiconductor and electrical/electronic equipment contributed 8.6 percent and 8.3 percent of R&D spends. Small and medium companies are investing in R&D and while EU leads with a 44 percent contribution, APAC and Japan together contribute 34 percent, the study said. –Communications Today Bureau |
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