Time for India R&D centers to maximize value from Globalization: Says Zinnov |
| February 08, 2011 | February 2011 Bond Updates |
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Zinnov-Adobe R&D Leadership Meet witnessed some very interesting perspectives from R&D leaders. (1888PressRelease) Bangalore, Zinnov Management Consulting, a Leading Management Consulting firm in conjunction with Abobe, recently hosted a one-of-its-kind Leadership Meet on R&D in Bangalore recently. With the theme "India Calling: Time for Indian R&D centers to maximize value from Globalization", the meet brought to light that in the current scenario, to bring out a new innovation in any market; R&D is the key ingredient and its time that India centers start maximizing the value via globalization. India today, is surely at a cusp where it needs to take that leap of faith towards a journey to become a global power in R&D, accounting for around 20% of the world's research investment. It also added that while Globalization is not really a new phenomenon when we talk about R&D; India however still accounts for a small proportion of the total R&D investments by global companies despite having a strong talent pool across verticals. This phenomenon needs to change in the current context for the industry to grow to the next level. Speaking about the Indian R&D industry, Mr. Pari Natarajan, Chief Executive Officer, Zinnov Management Consulting, said, "We have noticed that only 19 new centers have been set up in India in 2010, with most of the centers having an employee headcount of less than 300 and we very strongly feel that there is indeed a lot of scope to expand for optimization". "It also should be taken a note of that companies are planning to install over 20% of their Global R&D headcount in India. All these are indeed good signs and hence, we, as important stakeholders of the industry, we should try and push all of this forward to grow to the next maturity level. While a few companies have been fairly successful in uplifting the maturity of the centers in India, others should also start looking beyond cost control to bring in global leadership and innovation capabilities at the center which would help them move up the value chain and become critical centers for the parent organization", Pari added. According to the latest findings, MNCs employ about 430,000 people in India out of which approximately 200,000 are engaged in R&D. Also, out of the total of 202,430 talent pool in the R&D industry, majority of them - 89,383 come from the Software vertical. While Telecom and Semiconductors employee about 26,715 and 23,713 respectively. "India has a great opportunity and potential to become a leader in innovation and R&D. Already, there are many examples of how companies in India are carrying out cutting-edge R&D activity to create innovation for a globalized world. What the country now needs is a systemic focus on raising the bar in our education system as well as support from the industry to nurture the innovative minds," says Dr. Naresh Gupta, Sr VP, Print and Publishing BU and Managing Director, Adobe India. Last but not the least, it was jointly agreed upon that though India offers a significant cost arbitrage when compared with the costs in US and Europe, the R&D centers in India are losing out on certain key aspects because of excessive focus on cost. While cost control is the top priority, aspects like innovation, competency creation and leadership roles should now start becoming a focus as well. About Zinnov Management Consulting Pvt. Ltd Founded in 2002, Zinnov - meaning Zeal in Innovation - is a leading management consulting company providing services in the area of Offshore Advisory, Market Expansion and Human Capital Optimization to Fortune 1000 companies. Zinnov works collectively with clients to tackle prevailing organizational challenges by analyzing the changing dynamics, improving performance, and building institutional capability. The services delivered to its clients through advanced reasoning and analytical techniques, provides solutions that help in integrating organizational vision, business definition and processes. About Adobe Adobe Systems Incorporated (Adobe) is headquartered in San Jose, CA, USA. Adobe is a diversified software company. The Company offers a line of creative, business, Web and mobile software and services used by creative professionals, knowledge workers, consumers, original equipment manufacturer, developers and enterprises for creating, managing, delivering and engaging with content and experiences across multiple operating systems, devices and media. It distributes its products through a network of distributors, value-added resellers (VARs), systems integrators, independent software vendors (ISVs) and OEMs, direct to end users and through its own Website at www.adobe.com. It also licenses its technology to hardware manufacturers, software developers and service providers, and offer integrated software solutions to businesses of all sizes. For more information, contact: Kinjal Chhetri Panwar Marketing Manager, Zinnov Email: Kinjal@zinnov.com Phone Number: +91 8295588413 http://www.zinnov.com |
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