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Multinationals recognize India's potential as global R&D hub

Daimler is rapidly expanding its R&D activities in India. Its BharatBenz trucks produced in Chennai, southwest India, are enjoying brisk sales, and recently crossed the 10,000 unit sales.   © Daimler India Commercial Vehicles

TOKYO -- India has long been on the radar not only as a huge market, but also as a manufacturing and export base for multinational corporations. With its large pool of talented workers with technical backgrounds, India has great potential to grow into a global research and development center as well.

     For many years, numerous multinationals have shown interest in India as an attractive R&D destination. Recently, however, a string of companies across a variety of industries have begun to set up their R&D centers or enhance existing facilities in India. The trend is putting sharp upward pressure on wages paid by foreign companies to Indian employees in managerial positions.

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