How Indian Entrepreneurs have circumnavigated Government hurdles to IT Development

The innovation revolution livemint.com The Wall Street Journal
Emerging India has evolved from the world’s back office into a knowledge and innovation hub. In the next decade, expect benefits for not just the nation but the global economy by Vivek Wadhwa
The ability of Indian entrepreneurs to rise above all the hurdles the government and society throw at them. Just as India’s companies install their own power generators to deal with supply problems and purification plants to provide clean water, they have built their own surrogate education system. And herein lies India’s greatest innovation: Its companies have developed the ability to take the output of a weak education system and turn these workers into R&D specialists who can compete in the global arena.

Faced with severe talent shortages, escalating salaries and a lagging education system, Indian industry had to rethink the way it recruited, trained, developed and retained its workforce. It started by adapting the best practices of companies that were outsourcing R&D to India. Then, leading companies in diverse industries started improving on these techniques and methods; refining and integrating them into a unified system.

With the economic slowdown, Indian talent supply has been able to catch up with demand. And Western companies are more desperate than ever to cut costs.

To achieve the 30-40% cost savings that Indian outsourcers can offer, they are now outsourcing their most strategic internal systems. Additionally, thanks to a combination of the recession in the US and that country’s flawed immigration policies, there is a flood of highly educated and skilled talent returning home to India.

They see more opportunity in India than abroad, and want to be near family and friends. They are returning with the latest skills and an understanding of foreign markets.

So the stars are lining up for Indian outsourcing, and this industry is gaining a second wind.

Within a decade, India is likely to become the world’s second-largest R&D centre after the US. Its innovations will likely benefit not only India, but also the world.

Vivek Wadhwa is executive in residence/adjunct professor at the Pratt School of Engineering at Duke University and a senior research associate with the Labor and Worklife Program at Harvard Law School.
Read the full article on how Government hurdles have been bypassed:
The innovation revolution

INDESEC EXPO 2008: 6th to 8th November at EXPO XXI (Exhibition Centre), Greater Noida

Dear Brig Kamboj,

It gives me great pleasure to invite you and other Service Officers including Retired Officers, as our honoured guests to Indesec Expo 2008– the inaugural Indo- international homeland security and defence exhibition– which will be held at the India Expo Centre, Greater Noida, from 6th– 8th November 2008.

Why a Serving or Retired Service Officer would find it of value to be at the Exhibition and Conferences:

He or she would get to hear the perspectives of Policy Shapers.

Gain new insights into present and future trends in the defence and security domains.

See cutting edge solutions from international and Indian prime and sub- contractors, systems integrators, IT experts, maritime and land security solution providers.

Network and initiate dialogue with industry and think tanks.

We shall be delighted to welcome Serving and Retired Officers to this exhibition and request you to encourage officers to attend the Indesec 2008.

I look forward to welcoming you at Indesec Expo 2008.
With warm regards,

Brig Raj Manchanda(Retd)
Group Director
Defence & Security Division
INFORMA Corporation

ESM please register for free passes by any convenient mode:

T: +91 22 4020 3300 Ext. 3316
D: +91 22 4020 3316
F: +91 22 4026 4000
E: raj.manchanda@informa.in
A: Informa India, A 202 Business Square, Solitaire Corporate Park Complex, Andheri Kurla Road, Chakala, Andheri (E), Mumbai - 400 093, India.
W: www.informa.in
Informa is the leading global provider of specialist information to the scientific & academic, professional and commercial markets through publishing, events and performance improvement