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.