With global companies shifting their research and development base to India to become cost effective and raising their R&D spend, experts are of the opinion that hiring in the segment will grow by up to 20 per cent over last year. The focus for R&D centres in India has gone up this year and expected to grow between 12-13 per cent in 2012. Besides, pharmaceuticals and auto R&D that has been hiring steadily, other segments like defence have recently increased hiring. Ti is not only that R&D is witnessing large investments only from MNCs, but domestic players are pitching in as well.
While MNCs view India as a country with plenty of talent pool at low cost, domestic companies in the pharma and automobile sectors too have realized that in their ambition to globalize their operations, they have no recourse but to spend on R&D. FMCG sector too is showing great potential and plans to hire more R&D techies next year.
Source: The Economic Times