For the first time since 2008, global in-house center (GIC) hires by foreign companies overtook the number of people hired by India's IT services and back-office companies. About 1,100 GICs now employ 900,000 people in India. "While hiring by pure-play India-based technology services players was muted, Indian GICs have hired...
India Becoming R&D Hub for Multinationals
Multinational from the Americas, Europe, and APAC have set up research hubs to work in the areas of R&D, Business Process Management and IT. More than 1,000 multinational companies have established engineering and research and development centers — known as global in-house centers or GICs — in India. Among these...