Delta Electronics, a Taiwanese tech giant, has announced plans to nearly double its workforce in India within the next five years, aiming to capitalise on the country's booming tech industry. The company has recently opened its largest research and development (R&D) center in Bengaluru and plans to grow its Indian employee base from approximately 3,500 to 6,500.
This move is part of Delta’s broader strategy to invest $500 million in India, a plan originally set in motion during 2015-16 but delayed due to the Covid-19 pandemic. With three R&D centers already operating in India, Delta is relocating its local headquarters from Gurugram to Bengaluru to be closer to its manufacturing facilities in Tamil Nadu.
Bengaluru, often referred to as the Silicon Valley of India, provides Delta Electronics with access to a rich talent pool of tech professionals. “We believe Bengaluru is the ideal location to attract skilled talent and drive our future developments,” said Benjamin Lin, president of Delta Electronics India, as quoted by Reuters.
Over the past two years, India has become a hotspot for global companies establishing operations, with 118 new Global Capability Centres (GCCs) being set up. The total number of GCCs in India now exceeds 1,620, according to data from Nasscom. As per ICICI Securities, it is predicted that these centers will contribute around 2 per cent to India’s GDP by 2030, up from the current figure of less than 1 per cent.
