Indian IT industry got a boost when the US faced the Y2K problem in the last decade of the 20th century. This created an enormous necessity for graduates with expertise in information and communication technology skills. The department of electronics, which became operational in the late 70s, triggered teaching programmes by giving financial grants as well as academic support through creation of curricula at the post-graduate level in some universities. A study done in 2009, ‘R&D Globalisation — A China Perspective’, by Zinnov Management Consulting, revealed that China was home to about 920 MNCs who have established 1,100 R&D centres, while the numbers for India were significantly lower at 671 MNCs with 680 centres. This scenario is now changing. At present, over 700 MNCs have R&D centres in India and more than 2 lakh engineering and computer science graduates are working in them. The report shows that the Indian centres are much ahead on the overall maturity curve.