Financial Daily from THE HINDU group of publications
Friday, Nov 05, 2004
Financial Daily from THE HINDU group of publications Friday, Nov 05, 2004 |
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Info-Tech
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Events `Indian cos must focus on domestic market' Our Bureau
Bangalore , Nov. 4 INDIA is the new hotbed for entrepreneurship and its macro trends will change the world, according to Silicon Valley serial entrepreneurs, technologists and venture funders. At The TiE event at Bangalore IT.COM 2004 here today, the consensus was that Indian companies must focus on serving the domestic market as India and China have emerged as the places most Western companies are also looking to sell their products in. The window of opportunity in India is open and the coming decade will see some of the hottest entrepreneurial activity in the world happening out of India, said Red Herring CEO, Mr Alex Serge Vieux. Macro trends in India— its GDP, its population, its demographics are the opportunities in the Indian market and drivers for the growth of the technology sector, said Mr Pradeep Gupta, MD, Cyber Media. Most entrepreneurs face the problem of hiring the right talent , felt serial entrepreneur and co-founder and chairman, e4e Inc, Mr K. B. Chandrasekhar, while Mr Pawan Kumar, Chairman, vMoksha Technologies, felt that there was need for a larger number of senior management teams
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