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right technology @ right price
India, given its inherent advantage of genuine engineering talent is fast becoming
the global hub for low cost or frugal engineering development. The India advantage
translates to a tremendous 'blue ocean' growth opportunity for transnational companies
by making available first world technology adaptable to all market conditions, be
it price or performance parameters. India's millennium automobile, the Nano, the
world's first 1200 kV substation prototype,
or Powergrid NLDC; one of the world's largest load dispatch centers are examples
of innovations set to tackle India's geographical challenge of Urban and Rural dynamics,
ably supported by leveraging the capabilities in Information, Communication Technology
(ICT). This advantage of 'right technology @ right price' is what will be on showcase
at ELECRAMA-2012.
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- > Over 350,000 qualified engineers graduate every year out of 1,346 Technical institutions
in India
- > India has 30% of the world’s engineers
- > India’s R&D talent pool in India stands at 1,73,000 and is expected to grow to
2,84,000 by 2015
- > 150+ MNC captive R&D centers in India. India is top destination for R&D worldwide
- > Cost of running R&D centers in India is 1/3rd of global standards (stands at US$
38,199 per person per year)
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