“500 million people will be coming online over the next three to four years on inexpensive smartphones,” said Vivek Wadhwa, an Indian-American academic and entrepreneur. “This will create an Internet revolution that will make our (American) dot-com boom seem lame.” These soon-to-be connected consumers are also young — making them an ideal e-commerce target.
By 2050, India is expected to be the most populated country with the largest economy, according to Pew. Half of its 1.25 billion residents are currently under the age of 25 — and by 2020, India is set to become the world’s youngest country with an average age of 29.
Microsoft has tuned into this. This month, the company announced plans to bring free Internet access to India with three data centers throughout the country. CEO Satya Nadella said the company sees a large opportunity in the Indian market. According to Sharad Sharma, an angel investor based in Bangalore, the majority of India’s startup talent is coming from the country’s multinational R&D centers such as Google, HP and Cisco. As cloud-based solutions have grown, the need for these IT hubs has slowed. This has many Indian entrepreneurs leaving the corporate world and launching startups. Venture capital funding to Indian startups is up 261% from 2013, totaling $3.86 billion to date, according to PrivCo which trackes private company financial intelligence based from New York.
“Employees are starting to feel stagnation as parent companies slow down,” said Sharma. “Essentially, these employees are going from building global software products for [corporations] to building them for their own startups.”
November 17, 2014 No Comments
GE Healthcare has funded a three year $150,000 project to develop affordable medical technologies in the areas of cardiovascular care, oncology and maternal and child healthcare. The project will identify, assess and evaluate appropriate technology solutions and then, create equipment accordingly.
Professor Mohanasankar Sivaprakasam, Head, Healthcare Technology Innovation Centre (HTIC), IIT-Madras said that the collaboration is to address issues related to mother and child health, cardiology and cancer. “This collaboration between HTIC and GE Healthcare will bring together start-up dynamism and corporate scalability to healthcare innovations while putting the unserved customer at the center of healthcare innovation,” said Terri Bresenham, president and CEO, GE Healthcare, South Asia.
October 27, 2014 No Comments
Ericsson is expanding its Global Network Operations Center in India by opening a fourth site in Kolkata, complementing the existing sites in Noida, Gurgaon and Bangalore.
The new Global Network Operations Center site in Kolkata will help Ericsson meet growing customer demand and continue to attract and retain the best talent that India has to offer.
The Global Network Operations Center in India provides managed services that help operators in 49 countries around the world reduce capital expenditure, improve network performance and promote end-user loyalty. The managed services provided include service and resource fulfillment, proactive and reactive maintenance, alarm and network fault handling, restoration and repair of network faults, problem management and change management, customer problem management, help desks, network planning, design and optimization, application development and support, and operations management.
Amitabh Ray, Managing Director of Ericsson India Global Services, says: “India’s large ICT talent pool and fast-growing economy makes it the ideal place to base a Global Network Operations Center to serve Ericsson’s customers. Kolkata’s standing as a center of commercial and educational excellence makes it a great location for Ericsson’s newest Global Network Operations Center site.”
Ericsson’s Global Service Centers – situated in China, India, Mexico and Romania – house Global Network Operations Centers that, in combination with local and regional centers, provide managed services for networks that serve 1 billion subscribers. The Global Service Centers also develop competence to support regional service-delivery organizations in delivering professional services for the ICT sector in areas such as complex consulting, IT, systems integration, network rollout and customer support.
September 18, 2014 No Comments
Rolls Royce currently operates two engineering centres in Bangalore along with Quest and Tata Consultancy Services CS, which were established in 2005 and 2010, respectively and employs almost 1,000 engineers. While Quest supports the delivery of Rolls-Royce’s engineering solutions, the TCS centre provides engineering solutions and services for product development.
The aircraft engine maker is looking to scale up its research-and-development operations in India with the addition of a captive unit. Now, we have advanced plans to move into the next phase of growth in what we do in R&D through our own operations,” said Paul Stein, chief scientific officer of Rolls Royce. The company is looking to add resources that could work on its other businesses, including civil nuclear technology and power systems for the industrial and energy sector. “We are looking to grow capability not just in IT, but in aerospace as well. At some stage in the future we may do more fundamental research here.”
Kishore Jayaraman, president of Rolls-Royce India, said like many other global companies their ultimate goal was to generate intellectual property out of India. “We are in R&D today, but we can develop that into systems, bigger packages, serving bigger development needs that might be into futuristic technology.
September 18, 2014 No Comments
CSA India enables manufacturers to export medical devices to North America and Europe. Now with growth of domestic medical devices and the increasing interest of global manufacturers to enter India, its new 23,000 square foot laboratory located in Bangalore will provide testing and certification for medical and healthcare, and industrial control products to ensure safety, quality and high performance. The India lab will be manned by 50 personnel who are engineers and post graduates in science. The CSA Group plans to expand its team to 1,000 experts over time.
A unit of the Canadian Standards Association, the company says it is among the top 10 testing and certification organizations globally and in India it is the third largest testing, inspection and certification provider.
“The company has seen its India entry as most appropriate going by the large presence of medical device companies seeking compliance from global regulators. It makes more business sense to set base in India at a time when the market is brimming with positive growth prospects. Therefore, we see India as a market with long-term growth potential”, said Ash Sahl, president, & chief executive officer, CSA Group.
“Our lab in India is envisaged to give a fillip to medical device compliance as a one-stop location for global regulatory adherences, components acceptability, compliance mechanism and safety. Further, with faster turnaround, manufacturers would be able to considerably reduce the time-to market, said Saibal l Mukhopadhaya, country manager, CSA Group.
July 26, 2014 No Comments