In the last decade, India has emerged as the location of choice for offshoring Engineering, Research and Design (ER&D) services for global corporations. At present, 46 of the top 50 ER&D spenders and 45% of the top 500 global R&D spenders have their centres in India. Through this association, India has staked its claim to be at the forefront of product and technological innovation, with several successful products developed locally and exported globally.
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