"As Bangalore moves further up the technology ladder, this four centuries-old city of nearly 6 million citizens has ambitions to challenge places like Silicon Valley and the Research Triangle at Raleigh-Durham, North Carolina, as a world center for innovation."
I am Indian, live and work in Bangalore and have lived a few years in the United States. This is just a rhetorical flourish on the part of the writer. There are no such "ambitions" visible on the ground.
Of course the writer has conveniently made the subject of statement "the city", and has given no supporting evidence.
There are many MNC research labs, but nothing like what the article implies. And very often these Indian research labs don't produce high quality research. Just ask someone in Microsoft or Yahoo Research how good the Indian "labs" are.
Intel seems to have a more succesful offshore lab, but it is the exception, not the rule.
It looks like the journalist took a couple of weeks tour of the city, swallowed whatever Nandan Nilekani and other corporate CEO types told him (Infosys Labs is a joke within Infosys. "Innovations" often have to do with "process improvement" and so on, hardly cutting edge CS research) and wrote a sloppy article, thin on logic and facts.