Brain Inc 2.0
================
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 :
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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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