Why MNCs are moving core operations to India
By admin On 10 Apr, 2018 At 08:49 AM | Categorized As Business | With 0 Comments

PRESS CHAMBER OF INDIA

Multinationals set their sights on Bengaluru in the 1980s but the pace has accelerated since 2000
For years, India was linked with cheap processing and outsourcing work. Today, an increasing amount of the work is in big data and analytics, mobility, artificial intelligence, machine learning, internet-of-things (IoT), blockchain and robotics
BENGALURU: The centre of gravity of Fortune 500 companies is shifting to India. The future strategies of these companies are being invented here,” says Lalit Ahuja, a retired Navy man who runs Ansr, a venture in Bengaluru that helps multinational companies establish engineering and research and development centres — known as global inhouse centres or GICs — in India. Among the companies it’s worked with are Target, JCPenney, AB (Anheuser-Busch) Inbev, Saks Fifth Avenue and Grant Thornton.
“Conversations are no longer about cost. It is digital technology that is bringing companies here,” says K S Viswanathan, IT industry body Nasscom’s head of industry initiatives whose responsibility includes dealing with GICs. A total of 1,150 multinationals have global in-house centres that employ more than 8 lakh people in the country.

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