Zinnov has released a study on the levers that will drive future growth for MNC R&D centers in India and focused on the essential link between Leadership and Value Growth, demonstrating the significance of proactive leaders to maintain India’s attractiveness as an R&D destination.
The study, conducted among 100 multinationals with an R&D presence in India, revealed that only 26% of Indian MNCs have Global Roles from India, despite having over 40% of their headcount being represented out of the India center and its increased competency over a decade.
The study also brought to light an interesting connection between the importance of India centers and the type of leader at the helm. Known as Level 4 leaders, these individuals have global alignment and influence, are inspirational, proactive and their impact is global, not just limited to their India mandate.
Pari Natarajan, CEO, Zinnov said, “In recent times, India has seen considerable success in attracting MNC firms to set up their R&D centers in India. In addition, there are several inherent advantages - levers for growth - that India has over other economies in the region. Over the next five years, fresh talent from top tier engineering institutions alone will reach a quarter of a million. However, even as India continues to attract R&D centers, we also need to be able to increase our value contribution. Therefore it is of utmost importance that India R&D leaders aspire to take advantage of these levers and demonstrate their ability to continue driving headcount and value growth out of India.”
