Feb 18 2013 00:00 IST
Indian companies are on the top position globally when it comes to growth in research and development (RandD) investments, according to a recent study by the European Commission. There are 14 Indian companies that are a part of the list of the top 1,500 entities worldwide in terms of their absolute annual RandD investments. The largest overall increase in RandD investments was reported by companies based in India with the highest of 35.1 per cent, followed by China at 28.1 per cent, highlighted the study. In terms of sectors, companies have shown huge RandD increases in the Information, Communication and Technology (ICT), automobiles and auto components, industrial engineering, electronics and pharmaceuticals.