Asian firms bet on India to set up R&D units to boost tech innovations

In last one year, at least nine large business conglomerates from Japan Singapore and others have set up their captive tech centres in India to step up R&D in areas like IoT, AI, data analytics

After US and European companies, now Asian firms are also betting big on Indian talent by setting up research and development (R&D) units, also known as global in-house centres (GICs), in the country to drive innovation in new technologies. 

In the last one year, at least nine large business conglomerates from countries like Japan and Singapore have set up their captive technology centres in India to step up research and development in areas like Internet of Things (IoT), artificial intelligence, data analytics, among others. Experts say that apart from the country’s huge talent pool, its growing start-up ecosystem and cost