News Lifestyle Indian, Chinese firms lead in innovations

Indian, Chinese firms lead in innovations

Stockholm: Both Indian and Chinese companies have evolved to develop and offer an array of  new complex products, as per a  Swedish researcher report. Monica Plechero has questioned the notion that Indian and Chinese companies



Plechero has studied Indian and Chinese companies in the automotive, information and communication technologies and green bio-tech industries as part of her doctoral thesis.

But the process has not been the same in both countries, a Lund University statement quoted her as saying.

China mainly develops products for the domestic market. In India, the international market is used as a springboard in product development, she said.

"(But) the Chinese market is larger and more mature," said Plechero.

In just a few years, the Chinese and Indian share of the world's research and development centres has risen from eight to 18 percent.