Amidst increasing scrutiny from investors because of falling revenue growth, micro-blogging platform Twitter has shut its Bengaluru development centre.
“While India is seeing a lot of multinational companies setting up R&D centres, most of the work that happens out of India remains management and maintenance of existing products like patch development and management,” said Sanchit Vir Gogia, chief analyst and chief executive officer of Greyhound Research. “The core IP development still happens out of Silicon Valley.”
“It makes sense for a company to develop core IP at the development centre located near its headquarters, because it gives companies control over product development,” he added.
Source: Business Standard | TechWire Asia | afaqs
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