Research and Development offshoring to India by international IT players, a $9.35 billion industry, is estimated to touch $21.4 billion by 2012.Mr Pari Natarajan, Chief Executive Officer, Zinnov Management Consulting, said that currently there are 594 R&D centres in India operating in SPD (software product development), embedded services and engineering services.
Bangalore, Pune and NCR together account for the majority of the R&D set-ups, with about 494 centres operating in these three cities.
He said that R&D offshoring in India currently employed about 1.4 crore (14 million) professionals across domains.
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