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* Over 100 MNCs have set up R&D facilities in India in the past five years. These include GE, Bell Labs, Du Pont, Daimler Chrysler, Eli Lilly, Intel, Monsanto, Texas Instruments, Caterpillar, Cummins, GM, Microsoft and IBM.
* India’s telecom infrastructure between Chennai, Mumbai and Singapore, provides the largest bandwidth capacity in the world, with well over 8.5 Terabits (8.5Tbs) per second.
* With more than 250 universities, 1,500 research institutions and 10,428 higher-education institutes, India produces 200,000 engineering graduates and another 300,000 technically trained graduates every year. (note: per capita numbers are lower in comparison with first world, Russia and Israel, indicating India should increase the number of educational institutions and educational opportunities to its 1.3 billion population)
* Besides, another 2 million graduate in other areas in India annually.
* The Indian Institute of Technology (IIT) is among the top three universities from which McKinsey & Company, the world’s biggest consulting firm, hires most.
“IIT = Harvard + MIT + Princeton” , says CBS ‘60 Minutes’.
CBS’ highly-regarded ‘60 Minutes’, the most widely watched news programme in the US, told its audience of more than 10 Million viewers that “IIT may be the most important university you’ve never heard of.”
“The United States imports oil from Saudi Arabia, cars from Japan, TVs from Korea and Whiskey from Scotland. So what do we import from India? We import people, really smart people,” co-host Leslie Stahl began while introducing the segment on IIT.
“…the smartest, the most successful, most influential Indians who’ve migrated to the US seem to share a common credential: They are graduates of the IIT.”
“…in science and technology, IIT undergraduates leave their American counterparts in the dust.”
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