Innovation in the Silicon Valley of India (Bangalore)
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In my opinion making this a reality is definitely becoming easier for Indian firms - why ?
1. One of the key arguments why Indian firms cannot produce products was that we are not close to where the markets exist. Well one area where I think this argument is failing to hold is in Telecommunication. With over 100 million consumers and fast growing, we will very soon need to have products targeted for the Indian consumer and who better than we ourselves to design it.
2. At a more fundamental level, concept of software as a service is catching up. At a basic level this means that the whole world is a local market and gathering what a customer wants and delivering it to him can be done out of anywhere. I think its only a matter of time that Indian companies will have product offerings that are delivered on the web.
3. There is surely a tipping point beyond which innovation feeds itself. With the number of high technology firms in Bangalore I feel it definitely in a positive flow where growth is feeding into innovation
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