To take on the global players like Accenture, IBM, EDS etc Indian software biggies like Infosys, Satyam, Wipro and TCS is increasing their spend on R&D big time. According to a conservative industry estimates the Indian IT services companies earmarked to the tune of Rs 1,200 crore towards R&D during the 2007-08 financial year. This is, according to an industry estimate, a huge 30 per cent increase from last fiscal.
According to Business Standard, Wipro's R&D expenditure which stood around Rs 20 crore during fiscal-ended March 31, 2006, rose to Rs 26.8 crore in 2007 and Rs 40.5 crore in 2008.
Similarly, Infosys has increased its R&D spend significantly during the last two years. The company's R&D spend in 2006 was $23 million which grew to $37 million in 2007. During fiscal-ended March 31, 2008, the company spent $50 million on R&D with a focus on developing and refining methodologies, tools and techniques, 
improving estimation processes and adopting new technologies.
India's largest software exporter TCS spent about Rs 52 crore on R&D in 2007-08 as compared to close to Rs 41 crore during previous fiscal. According to the company, the R&D efforts have resulted in the sale of software licences and usage of these licences internally, yielding savings of about $12 million in FY2007-08, compared to $8 million in fiscal 2006-07.
Well, you may conclude that gone are the days, when some section of western media and some section of non-IT groups in India used to address these companies as abode of ‘coding coolies.’
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