Taiwan’s Delta Electronics plans to nearly double its workforce in India over the next five years, aiming to expand its presence in the rapidly growing tech industry in the country. The company has inaugurated its largest research center in Bengaluru and will increase its Indian workforce from approximately 3,500 to 6,500 employees.
The new R&D center in Bengaluru is part of the company’s strategy to invest $500 million in India.This plan, initially set in 2015-16, was delayed due to the Covid-19 pandemic. Delta Electronics currently operates three R&D centers in India and will move its local headquarters from Gurugram to Bengaluru to be closer to its manufacturing sites in Tamil Nadu.
Bengaluru, known as the Silicon Valley of India, is a hub for major tech companies, making it easier for Delta Electronics to attract skilled talent. “We consider Bengaluru the right place for us to attract more talents and also for our future developments,” said Benjamin Lin, president of Delta Electronics India, as quoted by Reuters.
Over the past two years, overseas firms have established 118 global capability centres (GCCs) in India, bringing the total number to more than 1,620, according to data from industry body Nasscom. It is expected that GCCs will contribute approximately 2% to India’s GDP by 2030, up from the current contribution of less than 1%, as per ICICI Securities.
The new R&D center in Bengaluru is part of the company’s strategy to invest $500 million in India.This plan, initially set in 2015-16, was delayed due to the Covid-19 pandemic. Delta Electronics currently operates three R&D centers in India and will move its local headquarters from Gurugram to Bengaluru to be closer to its manufacturing sites in Tamil Nadu.
Bengaluru, known as the Silicon Valley of India, is a hub for major tech companies, making it easier for Delta Electronics to attract skilled talent. “We consider Bengaluru the right place for us to attract more talents and also for our future developments,” said Benjamin Lin, president of Delta Electronics India, as quoted by Reuters.
Over the past two years, overseas firms have established 118 global capability centres (GCCs) in India, bringing the total number to more than 1,620, according to data from industry body Nasscom. It is expected that GCCs will contribute approximately 2% to India’s GDP by 2030, up from the current contribution of less than 1%, as per ICICI Securities.
