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2014-05-14

Next decade to be golden era of entrepreneurship in India: M R Rangaswami

Simply amazed by the quality and scale of start-up companies being launched in India in the last few years, top Silicon Valley experts have said that next decade is going to be \\\"golden era\\\" of Indian entrepreneurship.

Simply amazed by the quality and scale of start-up companies being launched in India in the last few years, top Silicon Valley experts have said that next decade is going to be "golden era" of Indian entrepreneurship.

 

"Culmination of cloud, internet bandwidth, big data and mobility, I think has spawned the golden age for India," M R Rangaswami, one of the most influential technology executives, said.

 

"That (golden era) is possible," said Vinod Khosla, an Indian-American businessman and venture capitalist. 

 

Khosla, one of the co-founders of Sun Microsystems Rangaswami, founder of Indispora, top Silicon Valley entrepreneurs and venture capitalists yesterday interacted with a group of young Indian entrepreneurs, with innovative startups to their credit, who are currently visiting the US on a trip organised by The National Association of Software and Services Companies (NASSCOM). 

 

Rangaswami said a lot of technologies are lined up for the Indian success in the coming years. He referred to the IT talent emerging out of India indicates in such a direction where in hundreds of Indian companies are expected to go big, issue public issues and even acquired by top global IT firms. 

 

"We are just starting to see this," he said. "Conditions are probably the best ever for this ecosystem in India," said, R Chandrasekhar, president of NASSCOM. 

 

He attributed it to several reasons including Indian industry having established itself in the global market, the capabilities of Indian tech professionals and entrepreneurs getting recognised internationally, spread of mobile telephones to almost a billion in terms of subscribers, broad band and emergence of a whole breed of new apps, which are driving usage among a generation of people who are actually coming to internet via mobile. 

 

"All of this makes the market in India very ripe. There is a huge window of opportunity for the entrepreneurial companies in India," Chandrasekhar said. 

 

Top guns from Silicon Valley, including venture capitalist and pioneering entrepreneurs, in an interaction with a visiting Indian delegation venturing into the world of business, with innovative IT products, said that till a few years ago, Indian entrepreneurs wanted to copy the Infosys and Wipro model.

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