USATODAY.com - Immigrants from India spread business success to homeland
USATODAY.com - Immigrants from India spread business success to homeland
"India is booming with cross-cultural development," says Chugh, who lives in the Los Angeles suburb of Cerritos with his wife and two kids. "Indians and white business people are bringing their cultures and creativity together." LOL
The stronger U.S.-India business connection is also evident in venture capital. When high-tech banker Ash Lilani took U.S. investors on their first trip to Bangalore in 2003, barely a handful of U.S. venture firms were funding Indian start-ups. Many investors held stereotypes of India as a home for cheap labor, outsourcing and call centers.
Once on the ground, though, the U.S. investors realized that India was a business gold mine. The country boasted top engineering and managerial talent, an English-speaking workforce and a British-style legal and regulatory system.
US connection to entrepreneurs:
In Silicon Valley, nearly 10% of the 4,000 high-tech firms launched from 1995 to 2000 were by Indians, says AnnaLee Saxenian, a UC Berkeley dean and author of The New Argonauts, a book on Indian and Chinese entrepreneurs. Saxenian says the number of Indian-run start-ups has risen since 2000.
Saxenian says Indian managers and engineers started their own firms a decade ago because U.S. investors "treated them as outsiders" who lacked leadership skills to run companies. Not anymore, she says. Today, every U.S. venture capital firm is seeking Indians to run start-ups and to make business contacts in India.
Passport to the world
"India's economy is a launching pad for the U.S. and global markets," says Ganesh, former CEO of BhartiBritish Telecom, a joint venture between British Telecom and computer maker HCL."It is possible now for many success stories to be spawned in India. Business entrepreneurship is here to stay."
DR Note: American culture of freedom, opportunity, flexibility, openness, rebelliousness, novelty, optimism, hard work, pragmatism - connections with Indian culture, and how they both consequently encourage entrepreneurship
"India is booming with cross-cultural development," says Chugh, who lives in the Los Angeles suburb of Cerritos with his wife and two kids. "Indians and white business people are bringing their cultures and creativity together." LOL
The stronger U.S.-India business connection is also evident in venture capital. When high-tech banker Ash Lilani took U.S. investors on their first trip to Bangalore in 2003, barely a handful of U.S. venture firms were funding Indian start-ups. Many investors held stereotypes of India as a home for cheap labor, outsourcing and call centers.
Once on the ground, though, the U.S. investors realized that India was a business gold mine. The country boasted top engineering and managerial talent, an English-speaking workforce and a British-style legal and regulatory system.
US connection to entrepreneurs:
In Silicon Valley, nearly 10% of the 4,000 high-tech firms launched from 1995 to 2000 were by Indians, says AnnaLee Saxenian, a UC Berkeley dean and author of The New Argonauts, a book on Indian and Chinese entrepreneurs. Saxenian says the number of Indian-run start-ups has risen since 2000.
Saxenian says Indian managers and engineers started their own firms a decade ago because U.S. investors "treated them as outsiders" who lacked leadership skills to run companies. Not anymore, she says. Today, every U.S. venture capital firm is seeking Indians to run start-ups and to make business contacts in India.
Passport to the world
"India's economy is a launching pad for the U.S. and global markets," says Ganesh, former CEO of BhartiBritish Telecom, a joint venture between British Telecom and computer maker HCL."It is possible now for many success stories to be spawned in India. Business entrepreneurship is here to stay."
DR Note: American culture of freedom, opportunity, flexibility, openness, rebelliousness, novelty, optimism, hard work, pragmatism - connections with Indian culture, and how they both consequently encourage entrepreneurship
posted by dave at
9:16 AM
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