mumbai if you thought indian infotech companies are eyeing only the software outsourcing market think again they have moved up the value chain to hardcore research and development for their myriad clients indian companies are also now creating their own warchest of original intellectual property which can eventually be used to generate an independent revenue stream its not just embedded software or product design research that indian companies are now involved in they have diversified into areas like bioinformatics reusable software components and automotive electronics the market is just about emerging and has huge potential a recent report by merrill lynch co estimates the core technology revenues for indian software companies at around 681 million for the financial year 2001 the leading players according to the report in the core technology space are wipro hcl technologies which together account for 65 per cent of the core technology revenues infosys has been relatively less aggressive in the area says the report others in the rd space are sasken mindtree and hughes software tata consultancy services tcs is foraying into the area of bioinformatics through collaboration with the centre for dna fingerprinting and diagnostics hyderabad bioinformatics is an interdisciplinary science where computational methods are used to analyse biological information bioinformatics is a collaborative research methodology that uses data mining capabilities to analyse huge research data it can be used by pharmaceutical companies and biological research labs worldwide to design develop test and perfect new drugs at our research facility in pune tcs has been conducting research in diverse areas we have successfully tested a metal extraction system which is currently being applied at tisco we are also conducting research on embedded systems water purification systems process control systems says tcs ceo s ramadorai among others hcl technologies hclt has also charted out a nonlinear growth model under which it has fostered the concept of multiple growth windows hclt performs rd activities for clients as part of its service offerings the costs of which are passed on to the clients this is creating a huge warehouse of expertise and skills that help the company to keep pace with developments in emerging technologies in order to develop expertise in emerging technologies nine per cent of hclts offshore manpower is currently engaged in carrying out rd in areas such as bluetooth wap extensible markup language virtual extensible and mobile execution environment