Author: Murli Menon
Publisher: Observer Research Foundation
ISBN/UPC (if available): N/A
Today, India is recognized as a global powerhouse in the areas of Information Technology (IT) software, IT-enabled Services (ITES) And Business Process Outsourcing (BPO). The exponential growth of these industries over the past decade has been mind-boggling ever to the most skeptic of critics and captains, as also to the brilliant engineering minds, that we are fortunate to have at our disposal. It is this combination of entrepreneurial vision and drive, combined with the skills of our vast pool of English-speaking engineers, which has helped us to achieve the position where we are in the global outsourcing business.
The National Association of Software and Service Companies (NASSCOM), in its collaborative report with McKinsey, believes that we, as a country, are at the threshold of even greater levels of achievement and growth in the IT sector. In its study of the industry in 2005, NASSCOM states that exports by Indian IT software, IT-enabled Services and Business Process Outsourcing would touch US$60 billion by March 2010. Currently, India commands a 10 per cent share of the US$ 300 billion market.
It was against this backdrop that Observer Research Foundation (ORF) thought it necessary to undertake a study on the Silicon Valley and how it continues to be the fountainhead and wellspring of technological innovation, invention and global leadership. The end result is this report titled India’s Silicon Valley-Dreams, Reality and Challenges Ahead written by Murli Menon, an independent analyst and observer of the IT industry in India. Our endeavor should be to use Silicon Valley as a frame of reference and strive towards imbuing its technological spirit and entrepreneurial culture to create not just one, but a number of such high technology valleys in India.
The Silicon Valley
The Infrastructure Perspective
Innovation & New Market Realities
Education & the Talent Pool Conundrum
Funding-Driving the Technology Innovation Engine