Next decade to be golden era of entrepreneurship in India: experts

Silicon Valley: Taking into cosideration the quality and scale of startup 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 will surely result the golden age for India," said M R  Rangaswami, one of the most influential technology executives.  "That golden era is possible," added 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 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 also said that 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. "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," added Chandrasekhar. 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.