Indian IT Firms Embedded in Silicon Valley's Global Business Strategies
According to a report by the Bay Area Council Economic Institue, a new study reveals a significant amount of growth between businesses in the San Francisco Bay Area and India. Though there is a lot of success and promise to go with that, there is also some challenges ahead.
The report was released by the Bay Area Council Economic Institute and sponsored by TiE Silicon Valley, a South Asian business group. The report said tht skilled Indians came to the Bay Area in the early 1980’s and these skilled workers included engineers and programmers. Those who came to the Silicon Valley area from India include major figures who played critical roles in the formation of Brocade, Cerent, Sun Microsystems and Hotmail.
The report also gives numerous examples as to how the relationship between the Indians and the Bay Area got closer as the tech economy went global. Some examples include the following:
- Oracle's fourth biggest market worldwide
· India is home to Symantec's biggest engineering site, excluding the U.S.
Indian employees work on over 80 percent of the company’s products
· 33% of Adobe's engineering workforce worlwide is in India.
· More than 50% of developers in India work on Sun platforms
· The largest firm in India's IT market is Hewlett Packard.
· Levi Strauss is spread out across 80 cities in India with 450 outlets
· Cisco's 2nd biggest headquarters is located in Bangalore
· In 780 Indian cities, eBay has 2 million users; eBay also has 10,000 dealers across India
· Draper International based in San Francisco unveiled the first India-dedicated venture fund
· 40 Bay Area venture companies either have activities in India or are under Indian leadership.
Sean Randolph, CEO of the Economic Institute said in a comment, “The notion of India as an offshore labor source and low wages is outdated,” adding , "India's growing capacity for high-end services, research and product development is transforming it into a global technology hub."
He added,. "India and its companies are becoming more deeply embedded in Bay Area companies' global strategies," reports ABClocal
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