That is the title of a full page article
in Business Line ( 01 Aug )
The article highlights following
statistics :
·
5 lakh ( 500,000 ) engineers work in “ Tech R&D firms “ in
India
·
$ 22 Billion was the worth of their work in 2015-16
·
This will nearly DOUBLE to $
40 Billion in 2020
·
7,500 engineers are employed by SAP India for R&D
·
11,800 people work in Cisco’s
R&D facilities in Bengaluru
·
56 % of ABB’s 2,500 technologists doing R&D in India, hold PhD
degrees in corporate research
·
The number of PhDs in India are on the rise . In 2015-16 academic
year, 24,171 PhDs were awarded across the country . But only a few were in
Computer Science
The article also lists the following , MADE IN
INDIA products that went global :
·
ABB’s Bengaluru research centre designed and manufactured the
world’s highest voltage 1200 kv transformer and circuit breaker
This 1.2 million volt transformer represents the highest
alternating current voltage level in the world
·
The Watson Data Platform developed by the IBM India Software Labs
is now the enabler for IBM’s biggest revenue growth
The Watson Data Platform enables data scientists to work together
in a more simpler way to find new and unexpected insights that deliver
business-changing results
·
SAP Labs India has the ownership for Asset Intelligence Network,
which provides a cloud-based collaborative asset management platform that lets
companies, helping manage IoT devices across the company
Now consider this :
·
By employing 5 lakh engineers
, India’s “ Tech R&D Firms “ earned $ 22 billion . That works to a billing
of $ 44,000 per man-year of R&D (
Export of Services )
·
I presume that the “ Manpower Cost “ constitute approx.
50 % of Billing Rate ( rest being OVERHEADS and MARGIN )
·
Hence , Indian R&D firms
must be paying an average of $ 22,000 per year to its employees ( approx. Rs 1.2 lakh per month )
·
As against this , both ,
Indian as well as American firms pay ( on an average ) , $ 88,000 per year to H1 B visa
holders
·
With this kind of “ Cost Advantage “ , is there a
possibility to do better than the projected earnings of $ 40 billion in 2020 ?
My
take :
It is possible if the Central Government considers
following suggestions :
·
Back Factory of the World ? [ 09
Sept 2015 ]
======================================================
·
Agenda for Reforms [ 01
Oct 2015 ]
=======================================================
·
Vishal’s Vision [
15 April 2016 ]
=======================================================
·
Will holograms beat H1 B visa ban? [ 31 Jan
2017 ]
=======================================================
·
Worm Holes across the World ? [ 03
March 2017 ]
======================================================
It is high
time our Policy Makers launch a new initiative ( of Export of Intellectual Property ) , called :
INDIA : the BRAIN FACTORY
of THE WORLD
22 Aug
2017
www.hemenparekh.in / blogs
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