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R&D / Offshore Product Development for Engineering
R&D / Offshore Product Development
Key among the emerging markets within the IT-ITES exports segment are R&D services and software products. Indian companies, keen to move up the value chain are innovating to create original IP and building capabilities in R&D outsourcing. Already, a large number of leading global MNCs have set up their R&D facilities in India are using these as a base to fuel new technology development for their parent companies overseas. Industries included the CAD, CAM drafting and engineering outsourcing segments.
The following trends are defining the products and R&D services markets in India:
>> Indian R&D services and software products export emerged as sunrise segments within the IT-ITES segment and are expected to record significant growth in the years ahead
>> While R&D and outsourced product development accounted for a modest US$ 2.3 billion in revenues (around 1.3 percent of the overall global marketplace), the markets are gradually gaining momentum on account of a growth in demand for embedded software and the move towards product development outsourcing by overseas companies
>> R&D services and software products exports generate revenues in excess of US$ 8-11 billion during 2008-10
Key among the emerging markets within the IT-ITES exports segment are R&D services and software products. Indian companies, keen to move up the value chain are innovating to create original IP and building capabilities in R&D outsourcing. Already, a large number of leading global MNCs have set up their R&D facilities in India are using these as a base to fuel new technology development for their parent companies overseas. Industries included the CAD, CAM drafting and engineering outsourcing segments.
The following trends are defining the products and R&D services markets in India:
>> Indian R&D services and software products export emerged as sunrise segments within the IT-ITES segment and are expected to record significant growth in the years ahead
>> While R&D and outsourced product development accounted for a modest US$ 2.3 billion in revenues (around 1.3 percent of the overall global marketplace), the markets are gradually gaining momentum on account of a growth in demand for embedded software and the move towards product development outsourcing by overseas companies
>> R&D services and software products exports generate revenues in excess of US$ 8-11 billion during 2008-10
About the Alberta Economy
About the Alberta Economy, Engineering, IT & CAD Services
Alberta boasts many great reasons to house your company's headquarters. Here are just a few:
-Alberta Population: 3.6 million (2009)
-Emerging economic base: Nanotechnology, Biotechnology and Pharmaceuticals, Software
-Development, Electronics and Microelectronics
-Unemployment rate: 3.6% (2008)
-Highest Employment Rate in Canada: 72.0% (2008)
Alberta Highlights:
-Highest labour force productivity rate in Canada, $258.9 million measured as GDP in 2007
-Lowest personal income tax and cost of living
-Lowest provincial corporate tax and cost of doing business
-Only Canadian province without Provincial Sales Tax
-No Machinery and Equipment Tax
-Among lowest Workers Compensation Board rates
-Lowest private sector unionization rate in Canada at 12.8%
-10% savings of conducting operations in Alberta versus the US
Over the last two decades, Alberta had the highest Gross Domestic Product growth rate in
Canada, at 3.5% per year. In 2008, Alberta's economy grew by an estimated 1.5%. Alberta's budget surplus of $8.5 billion in 2007 follows a stream of yearly surpluses since the 1995/96 fiscal year.
In 2008, the Value of Alberta's international exports grew by 33.2% from 2007 to $109 billion.
For more information on Alberta Advantages, infoport.ca
Alberta boasts many great reasons to house your company's headquarters. Here are just a few:
-Alberta Population: 3.6 million (2009)
-Emerging economic base: Nanotechnology, Biotechnology and Pharmaceuticals, Software
-Development, Electronics and Microelectronics
-Unemployment rate: 3.6% (2008)
-Highest Employment Rate in Canada: 72.0% (2008)
Alberta Highlights:
-Highest labour force productivity rate in Canada, $258.9 million measured as GDP in 2007
-Lowest personal income tax and cost of living
-Lowest provincial corporate tax and cost of doing business
-Only Canadian province without Provincial Sales Tax
-No Machinery and Equipment Tax
-Among lowest Workers Compensation Board rates
-Lowest private sector unionization rate in Canada at 12.8%
-10% savings of conducting operations in Alberta versus the US
Over the last two decades, Alberta had the highest Gross Domestic Product growth rate in
Canada, at 3.5% per year. In 2008, Alberta's economy grew by an estimated 1.5%. Alberta's budget surplus of $8.5 billion in 2007 follows a stream of yearly surpluses since the 1995/96 fiscal year.
In 2008, the Value of Alberta's international exports grew by 33.2% from 2007 to $109 billion.
For more information on Alberta Advantages, infoport.ca
