We were intialially fascniated with the ideas of having some top companies doing some next gen works in our locales.. this is some what happening here.
Google is seting up its R & D division in Bangalore . ( started man ?)
and Intel is developing the next generation 802.11g and wireless chipsets at Bangalore.
Now, these are not cost cutting moves.
The first news, I tried to /. but they did not find it much interesting to be posted and turned down.