Multinational R&D centers in India foster innovation, reports a study

New Delhi, March 31, 2010: Zinnov Management Consulting said the presence of multinational R&D centers in India has been a positive influence on the local industry ecosystem in India, particularly while fostering innovation, academic partnerships, entrepreneurial zeal and reversing brain drain.

In its report on MNC research and development (R&D) centers in India titled, 'Impact of MNC R&D Centers in India', Zinnov said MNC R&D centers here have begun to understand and capitalize on ideas and talent from India, which has resulted in increased innovation in the last few years.

The report said the R&D factory in India is still very nascent when compared with other Asian countries such as Japan, South Korea, Taiwan and Israel predominantly because their local R&D ecosystem was always very conducive for MNC companies to enter and extract value in an accelerated fashion. India's existing R&D ecosystem has been built by these MNC R&D companies and it still remains a key charter for them to mature this ecosystem into an assembly line for innovation.

See: http://www.indiaprwire.com/pressrelease/other/2010033146954.htm

Other reports on the same study:
http://www.siliconindia.com/shownews/Multinational_RD_centers_in_India_foster_innovation-nid-66703-cid-1.html

http://www.cxotoday.com/Market_Opinion/IT/ITeS/Business_Applications/MNC_RD_centers_in_India_help_reverse_brain_drain/551-110281-22350.html