CG Global R&D Centre, The Research & Development wing of Crompton Greaves, India’s largest private sector enterprise engaged in designing, manufacturing, and marketing high technology electrical products and services, celebrates thirty years of contributing to India’s electrical solutions genius.

For the last seventy years, Crompton Greaves (CG) has become synonymous with electricity in India. In fact, the first unit of electricity was generated on a "Crompton Dynamo" at Calcutta in 1899, and CG Global R&D Centre is the force that has led the Company to scale such heights.

Speaking on the occasion, Mr. T.P.Govindan, Head – CG Global R&D Centre of Compton Greaves said, “This indeed is a great occasion for Crompton Greaves. We pride ourselves as providers of everyday solutions and our core strength lies in our ability to constantly innovate. Our R&D team called ‘CG Global’ has played a key role in helping us establish ourselves as leaders in our industry.”

This milestone comes at a time when, the Research and Development (R&D) sector in India is witnessing increasing vitality and growth.

Gone are the days when international companies retained R&D jobs at home and sent abroad work that were clerical and of a repetitive nature. Now, even innovation and design work have begun to move offshore, especially to India. More than 100 Fortune 500 companies — including Delphi, Eli Lilly, General Electric, Hewlett Packard, DaimlerChrysler and others — have put up R&D facilities in India over the past few years.

Commenting on India’s potential in the R&D market, Mr. T.P. Govindan reiterated India's potential in the R&D market and how India's attractiveness makes it an investment destination for R&D which has already been positively fuelled by the ITeS sector -- its rich talent pool of technical manpower and its cost arbitrage.

A study by Ireland-based leading market research resource, Research & Markets, says the R&D outsourcing market for information technology in India is set to grow from US$ 1.3 billion in 2003 to over US$ 8 billion by 2010.

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For further information:
Manoj Jhangiani,
Crompton Greaves
022-67558781
Nandita / Valini
9819037674 / 9820442367