Indian, Chinese firms lead in innovations

Stockholm, Jan 13 (IANS) Indian and Chinese companies have become better in developing new complex products, a Swedish researcher says.

Jan 13 2013, 3:27am CST | by

Indian, Chinese firms lead in innovations
Photo Credit: LEON NEAL, Getty Images

Stockholm, Jan 13 — Indian and Chinese companies have become better in developing new complex products, a Swedish researcher says.

Monica Plechero has questioned the notion that Indian and Chinese companies compete with their Western counterparts only through lower wages and cheap imitations.

"It is still the case that both Indian and Chinese companies imitate others but they have also become better at developing new complex products", said Plechero from Lund University, Sweden.

Plechero has studied Indian and Chinese companies in the automotive, information and communication technologies and green bio-tech industries as part of her doctoral thesis.

But the process has not been the same in both countries, a Lund University statement quoted her as saying.

China mainly develops products for the domestic market. In India, the international market is used as a springboard in product development, she said.

"(But) the Chinese market is larger and more mature," said Plechero.

In just a few years, the Chinese and Indian share of the world's research and development centres has risen from eight to 18 percent.

Plechero claims that India and China invest more than the West in organisational innovation or the implementation of a company structure that creates a favourable climate for new inventions.

But what is the West to do then when it can neither compete on low wages or on the best innovation capacity?

"I think we need to become better at utilising others' knowledge, just as is done in China and India," she said.

"Of course, you have to specialise and find your own niche. Successful European companies are far too eager to keep their trade secrets to themselves," she said.

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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