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India among top five innovation destinations: report

by June 3, 2016 General

Innovation centres in the country doubled to 16 in the six-month period ending February this year, and took India into the top 5 global destinations for innovation, a report by consulting major Capgemini said on Thursday.

“India has been rising in the ranks of favourite destinations to open innovation centres. Our previous research identified eight innovation centres in India in July 2015. India has since seen eight more innovation centres open their doors,” it said.

“India has…leapfrogged to top 5 global locations for innovation centre,” it added.

Bengaluru added four of the eight new innovation centres to emerge as the fifth global hub for innovation in a list led by Silicon Valley, London, Paris and Singapore, it said. The new innovation centres the last few months include top brands like Apple and Visa. Other global companies who have entered India to house their centres of innovation include engineering company TriMas Corporation campus in Delhi for packaging solutions and food ingredient Puratos’ centre in Mumbai.

Airbus’ Bizlab intends to bring together startups and its internal entrepreneurs, while Visa will house 1,000 developers who will work on next generation payment solutions, it said. —PTI

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