Comments on: Adding My Thoughts to the Discussion http://www.tipblog.in/opinion/adding-my-thoughts-to-the-discussion/ Dividends and Value Investing for Sustainable Returns Wed, 08 Feb 2012 00:44:54 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Raja http://www.tipblog.in/opinion/adding-my-thoughts-to-the-discussion/comment-page-1/#comment-1812 Raja Mon, 26 Jul 2010 15:46:56 +0000 http://www.tipblog.in/?p=1421#comment-1812 Joined the discussion late. But here are my 2 cents. It's ironic that few foreign companies are doing with Indian talent what Indian companies are refusing to do . Few examples: 1. SAP Labs India started it's operation in 1996 well before Y2k problem took prominence and developed it's now flagship product Business By Design from here in B'lore end to end. 2. HP Labs India and IBM software Labs run their operation successfully from here in B'lore and am sure they do not keep these labs here to take advantage of cost arbitrage alone. They do have lot of patent filings and new product ideas developed from here. 3. Am also sure high end product companies like EMC square, run their centers from here not for cost advantage alone. 4. Honeywell TSL works on complex areas such as Aerospace, Automation and Control Solutions, Transportation Systems, and Specialty Materials from here in B'lore.(Again started operation well before Y2k). The list of such companies will be pretty long... and the combined strength of people employed by such companies too is not insignificant.. The point am trying to make here is it's not that Indian IT talent lacks the technical strength to do good things like new product development on it's own. It's rather the lack of entrepreneurial spirit of taking risks and trying out new ideas is what is keeping us behind. It doesn't matter if you have 5k people out of 100k on bench. What matters is the decision to use at least say 500 of them dedicatedly to develop a solution for a problem or a new idea and committing your capital and resource on such idea with complete understanding that such an endeavour might eventually fail to deliver any substantial result inspite of all efforts and good intentions. But that's more or less a problem with so many of our industries isn't it ?? We still use Suzuki and Hyundai technology inspite of selling so many cars in the country. We still use samsung,lg,sony made electronics. We still use nokia made phones inspite of being such a large market for mobile phones. Again the list of such industries is long.... Regards Raja Joined the discussion late. But here are my 2 cents.

It’s ironic that few foreign companies are doing with Indian talent what Indian companies are refusing to do . Few examples:

1. SAP Labs India started it’s operation in 1996 well before Y2k problem took prominence and developed it’s now flagship product Business By Design from here in B’lore end to end.
2. HP Labs India and IBM software Labs run their operation successfully from here in B’lore and am sure they do not keep these labs here to take advantage of cost arbitrage alone. They do have lot of patent filings and new product ideas developed from here.
3. Am also sure high end product companies like EMC square, run their centers from here not for cost advantage alone.
4. Honeywell TSL works on complex areas such as Aerospace, Automation and Control Solutions, Transportation Systems, and Specialty Materials from here in B’lore.(Again started operation well before Y2k).

The list of such companies will be pretty long… and the combined strength of people employed by such companies too is not insignificant..

The point am trying to make here is it’s not that Indian IT talent lacks the technical strength to do good things like new product development on it’s own. It’s rather the lack of entrepreneurial spirit of taking risks and trying out new ideas is what is keeping us behind.

It doesn’t matter if you have 5k people out of 100k on bench. What matters is the decision to use at least say 500 of them dedicatedly to develop a solution for a problem or a new idea and committing your capital and resource on such idea with complete understanding that such an endeavour might eventually fail to deliver any substantial result inspite of all efforts and good intentions.

But that’s more or less a problem with so many of our industries isn’t it ??

We still use Suzuki and Hyundai technology inspite of selling so many cars in the country.
We still use samsung,lg,sony made electronics.
We still use nokia made phones inspite of being such a large market for mobile phones.

Again the list of such industries is long….

Regards
Raja

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