In recent years, India has emerged as a prominent destination for R&D activities in the automotive industry. The country's vibrant research ecosystem, a pool of highly skilled engineers, and cost competitiveness have attracted MNCs seeking to leverage India's intellectual capital. With strong potential for growth in areas such as engineering analytics and significant talent in the 'Deccan Triangle' region – encompassing Pune, Bangalore, Chennai and Hyderabad – India is poised to become an auto R&D hub. Raghavendra Vaidya, MD & CEO of Daimler Truck Innovation Centre India, highlights the global impact of India's engineering centres in the automotive industry. These centres are solving problems for India and the world, showcasing India's exceptional engineering talent and ability to adapt to diverse conditions.
India's abundant pool of talented engineers has gained recognition worldwide. These skilled professionals are returning to their homeland, contributing to a thriving intellectual capital base. Their focus on innovation and technological advancements has positioned India as a hub for cutting-edge automotive R&D projects. The availability of this intellectual capital is a major attraction for MNCs, as Indian engineers are highly trained and sought after by top global companies. With competitive costs and a skilled workforce, India remains an enticing destination for companies seeking to invest in R&D and leverage the country's talent pool. According to Dr Balaji Venkataraman, President of TVS Sensing Solutions, India possesses a remarkable talent pool in software development, AI, and EV solutions. Combining localisation efforts, a thriving market, and advanced technological infrastructure catalyses growth and innovation. These factors consistently position India as the preferred R&D hub for industry players.
This story is from the July 2023 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2023 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Precision Revolution
Exploring the fusion of Machine Learning and CAD/CAM Technologies, Shriyal Sethumadhavan delves into the transformative impact of AI integration in manufacturing.
Empowering MSMEs
In conversation with Amit Mande, Chief Revenue Officer, U GRO Capital
Fornnax unveils SR-200 HD recycling innovation
Fornnax Technology continues to expand its portfolio of high capacity lines and debuted an upgraded variant of primary shredder.
Transforming manufacturing and product development
India's manufacturing sector, currently contributing 17% to the GDP, is expected to be one of the key drivers of growth for the country.
Transforming E-commerce: How LLMs are changing visual content
LLMs reshape e-commerce with captivating visuals, balancing benefits and drawbacks of authentic content in the digital retail arena
An intelligent move
Dive deep into the future of manufacturing as we explore the transformative power of intelligent technologies revolutionising the industry.
Meeting India's data centre cooling demands
Schneider Electric inaugurates state-of-the-art cooling factory in Bengaluru
The gender matters of manufacturing
Does the manufacturing industry suffer from a gender gap?
Navigating India's manufacturing landscape
Jibak Dasgupta, Director General and CEO, Indian Machine Tool Manufacturers' Association's view on the influx of investments and the manufacturing landscape
A decade of 'Make in India': The foundation for building a manufacturing powerhouse
As India experiences profound economic growth, it has emerged as the second most sought-after manufacturing destination in the world, contributing 13.9%1 to the economy.
