Thursday July 9, 01:05 PM
TIMELINE-The rise of multinational IT in India
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July 9 (Reuters) - Multinational companies have been setting up information technology operations in India for more than 20 years. Following are some highlights of the move:
1988
-- Intel (NASDAQ: INTC - news) starts its Indian operations by setting up a sales office in Bangalore.
1989
-- Hewlett-Packard begins R&D work in India.
1993
-- Oracle (NASDAQ: ORCL - news) , one of the first multinationals to set up an Indian back-office operation, launches a wholly owned subsidiary in India to develop its software programs.
1994
-- Oracle opens India Development Center in Bangalore.
1997
-- GE Capital International Services (GECIS) starts back-office services operation, providing services such as finance and accounting, call centers, insurance claims processing, analytics, customer training and IT services.
1998
-- Computer software (CSWI.OB - news) giant Microsoft Corp (NASDAQ: MSFT - news) starts operations at a software development center in Hyderabad.
-- Motorola Inc (NYSE: MOT - news) invests $3.5 million to set up a design centre in Gurgaon, outside New Delhi. Four years later it announces the establishment of a software development center in Bangalore at a cost of $13 million.
-- Bangalore-based Intel India Development Centre, its largest non-manufacturing site outside of the U.S., commences operations.
-- IBM (NYSE: IBM - news) sets up research lab in Delhi.
-- SAP Labs India starts operations in India.
-- Oracle establishes second development center in Hyderabad.
2000
-- Infotech startup Spectramind Ltd invests 1 billion rupees ($23 million) to set up a back-office center to process transactions for Internet portals worldwide. Venture capital firm Chrysalis Capital (CIV-P.V - news) would provide funds to the firm. Software (Frankfurt: A0XFVC - news) giant Wipro would invest $10 million in 2001.
-- GECIS grows rapidly to become the largest IT-enabled services provider in India. It hires 6,000 employees, prompting the company to post signs around its premises warning 'Trespassers Will Be Recruited'.
2001
-- Consulting firm Accenture (NYSE: ACN - news) establishes the Bombay technology development center as part of what will eventually be more than 20 such facilities worldwide. Accenture plans to service about 35 clients from the Bombay facility, with almost 98 percent of the work done for non-Indian clients.
-- Dell (NASDAQ: DELL - news) forms R&D center.
2003
-- Internet media company Yahoo Inc (NASDAQ: YHOO - news) launches research and development unit in Bangalore, its first software development center outside the United States.
2004
-- Google (NASDAQ: GOOG - news) starts R&D center in Bangalore, its first R&D center outside the United States.
-- IBM Corp acquires Daksh, India's third-largest back-office services firm, in the biggest acquisition yet in the nation's booming outsourcing sector.
2005
-- IBM extends research lab to Bangalore.
2006
-- Cisco establishes Globalisation Centre East in Bangalore
-- IBM announces plans to invest nearly $6 billion in India over three years, underscoring the country's growing importance as a global hub for information technology expertise.
-- German software maker SAP (Xetra: 716460 - news) says it will invest $1 billion over the next five years in India to expand operations and double its headcount.
2008
-- Accenture formally opens its Technology Lab in Bangalore, its fourth such facility following sites in the United States and France.
2009
-- IBM says it will invest $100 million in global mobile services research over the next five years. The majority of the research for the project will be directed from India. IBM India has the second largest workforce in the company, after the U.S.
-- SAP's third Co-Innovation Lab inaugurated in Bangalore, after such labs in Palo Alto, California, and Tokyo, Japan.
(Reporting by Jijo Jacob, Sayantani Ghosh and S. John Tilak in Bangalore; Editing by Mike Miller, Anil D'Silva) Keywords: INDIA R&D/
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