The Hindu Business Line : `Innovation, global investments will give India an edge'

MR Naren Koduvattat, Vice-President of Infosys, Mangalore, has said that the emergence of India as a hub for innovation is vital for the long-term growth of the country.

Mr Koduvattat was making a presentation on `India 2010-The Global Destination' at a meeting of the Public Relations Society of India (PRSI), Mangalore-Manipal Chapter, here on Friday. He said that Indian companies, scientific institutions and the Government are focusing on research and development and intellectual property creation. Indian organisations have won more patents in the last five years than ever before, he added.

Stating that more Indian companies have started expanding globally through acquisitions, investments and stock listings, Mr Koduvattat said that the focus on innovation and global investments will give India an edge over other emerging countries. Combining this with service and manufacturing excellence means that no global institution can succeed without strategically leveraging India for years to come. The country is recognised as one of the top competency enablers for global companies in services and manufacturing capabilities. McKinsey Global Institute has ranked India as the number one off-shoring destination in the world. "With the continuing demand for quality people met by our increasing supply and Indian companies adopting cutting-edge quality processes, this trend is set to continue," he said.

Mr B.R. Bhat, Chairman of PRSI, Mangalore-Manipal Chapter, presided over the meeting.

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