ECO SYSTEM
$2 bn in 500 startup IT cos in
Reasons- bubble, Eco system
Serial Entrepreneur
50% of Indians are self employed.
50% of US exports come from companies which employee less than 50 people.
Journey from 1700
Licence Raj low quality
Foreign funds are being leverages by Indian companies
Today Sunil Mittal can compete with Hutch
TATA buyin company 4 times its size.
BPO is only 0.2% of all transaction so a lot of scope still there in this sector as 99.8% is still unexplored
1/3 of IT exports are from BPO today
Indian issues
IPR will be difficult in next 5 yrs
Regulatory Issues
Create environment of Entrep’ in
US students find something big wannna earn money out of it
US
Low cost advantage produces here and sells in US
US
Indian people are not bad, great quality but there is a gap.
Services – skills of people required
Manufacturing – No skills required as skill are embedded in machine.
Services in
In India IT companies are doing great –
- Wellingness to acquire overseas firms to support Indian operations
- Relentless mgmt experimentation to achieve successful coordination
- Returning NRIs to make global firms.
Foreign MNC are like subjects of big empire, they will look towards HO for decision rather then market.
70-80s bodyshopping in
VC only new venture of large size
Angel investor can invest in low investment companies too
PE only existing companies
Low collaboration between industry and colleges.
Tipping point for Indian companies was reached in 2000
