Since, I started posting into this blog 37 days ago, I have written about the investment for foreign IT companies in India perhaps on a daily basis. Now, ATI Technologies is going to invest $50 million in India for its R$D activities in the next 5 years. In its website, the company describes itself this way:
From desktops to laptops, workstations to handheld devices, video game consoles to integrated solutions, ATI has established itself as a world leader in the design and manufacture of innovative 3D graphics solutions.
The new $15-million is the biggest R&D facility of ATI Technologies outside of North America and here ATI is carrying out researches on developing chipsets for cell phones, high-definition TVs and set-top boxes. ATI Technologies is hoping that it can make maximum use of highly educated Indian workers to improve its technology and profit. The best thing is that the company is getting the service of Indian workers at a much cheaper rate than the service of North American workers.
Yesterday, I mentioned of the possibility of setting up of a law by the Indian government to encourage researchers and innovators. Surely, we will see more and more western companies coming in India for investing in R&D.
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