24 Jan 2024:

HYSEA launched the ER&D Forum on January 24th, 2024, at Hyatt, Gachibowli. This lively event united industry leaders, experts, and enthusiasts to explore engineering research and development.

Key Speakers:

• Mr. Pradeep (Hyundai Mobis):
  Shared insights on ER&D Forum’s background and activities.
• Mr. Faraz (Zinnov):
  Provided a global perspective on India’s ER&D landscape.
  Highlighted 43% GCC penetration in 2023 & 30% community positive sentiment.

Prominent Stats & Insights Shared by Mr. Faraz focusing on the prominence & impact of GCC on the ecosystem:

• 150+ MNCs set up GCCs in India (FY2021-FY2023).
• 1580+ GCCs established 2740+ CCC units.
• Notable organizations like Daimler Truck, BlackLine, ZoomInfo, etc., chose India.
• 65% of GCCs headquartered in the Americas.
• Bengaluru hosts 30% of GCC units.
• Shift observed as new GCCs establish multi-functional centers.
• Bengaluru leads with 42% ER&D talent in Tier-I cities.
• Many GCCs focus on end-to-end product ownership.

Notable GCC Establishments & Innovations:

• Mercedes Benz owns ADAS products/platforms (Level 2).
• GE Healthcare collaborates with AI startups.
• Volvo’s largest R&D center outside Sweden in Bengaluru.
• Mercari establishes a new GCC in Bengaluru.
• Honeywell launches Real-Time Health Monitoring System.

Event Highlights:

• Mr. Gopal, TS Automotive Director, extended his support, recognizing the vital role of such forums in nurturing the regional ecosystem.
• Explored India’s evolution as a dynamic ER&D hub.
• Culminated with dynamic workshops, adding a hands-on dimension.

The ER&D Forum’s launch celebrated India’s growing prominence and marked a pivotal moment. Hyderabad, as the launchpad, set the stage for a journey that promises to redefine the contours of engineering research and development.