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: in the last 15-20 years. So they can afford to offer better prices.
India has rightfully earned a place in high specification quality engineering and highly innovative design, which is intellectual property driven in terms of innovation. You will see that most of the design centres of global giants are being set up in India.I have been travelling to both India and China since 1999.
Today I see that US-based companies are looking to develop joint ventures in India as they now see great opportunities to invest here. Protection of IP and high quality work force has helped India make a name for high quality and engineering innovation.
How big is the contribution of manufacturing in the company’s business today?
Manufacturing is one of the top two sectors with Microsoft. It is pretty substantial. Same is the case with India. In fact, India is the fastest growing.
Contribution from manufacturing changes every quarter but it’s substantial and I can say that it is growing at a rate of 50% plus annually. And what is important is that our partner ecosystem is growing, as well as the fact that some of our key design waves that are being globally replicated have been designed in India....
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