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Friday, July 24, 2009

Bill Gates urges India to move from low-cost to R&D

NEW DELHI: Billionaire Bill Gates urged India to move away from low-cost labour toward high-end research and development to keep its giant IT sector


Tech watchIndia - Innovation HubWhat is cooking at MicrosoftWhat's new in Windows 7competitive. On a visit to New Delhi, the co-founder of Microsoft Corp called on the Indian government to speed up its commitment to R&D and to boost low number of home-grown PhD students. Gates told a panel discussion that India's "IT success story" should strive to add value and move away from low-cost labour as other developing countries play catch-up. "At first some of that (IT boom) was built on low-cost labour. And, of course, as time goes on, you don't want to have that as the only differentiator and it's not a sustainable thing, because others can come along with that as well," Gates said.
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