Ramalinga Raju, chairman and founder of Satyam, said: Now the time has come for India Inc to go beyond being a services outsourcing destination and get into the league of IP-led innovation-driven services and thereby being acknowledged as the global R&D, design and innovation hub.

Mr Raju added: We are making investments in technology and resource creation to cater to the growing needs of ICT global customers in this domain. We have carefully built vertical domain capabilities in Satyam and especially in automotive domain where we have a distinct market leadership.

Once completed, HERA fxV would be a technological demonstration of India’s design capabilities.