Bombaywalla
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In the day...
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In the day...
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India Developing, but still a long way to go
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great shot.
patentneer
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Interesting news.
BANGALORE: The Karnataka government will launch two new venture funds to back young companies and set up a network of incubators in smaller cities as part of an ambitious plan to boost startup activity in the state.
The venture fund will have a corpus of 100 crore, with half the investments coming from the state and central governments. Private investors will provide the balance. "A separate fund of 20 Crores will be set up to provide angel investments for very early stage companies," said TV Mohandas, chairman of Karnataka Information and Communication Technology Group 2020 which is spearheading the initiative.
A network of incubation centres to support technology startups will also be set up across select districts by the first quarter of 2014 according to the state's secretary for information technology and biotechnology, Srivatsa Krishna. "We are creating a comprehensive ecosystem for startups," he said. Karnataka's moves to bolster startup activity coincide with similar initiatives by the centre and other states, such as Kerala. Earlier this month chief minister Oommen Chandy said his government would set aside 1% of the state's budget expenditure or 500 crore to fund young entrepreneurs. In Delhi, the India Inclusive Innovation Fund, envisaged as a 5000-crore fund, has received initial commitments of 400 crore from investors.
"The government can play a significant role," said Krishna Tanuku, executive director of the Wadhwani Centre for Entrepreneurship Development at Indian School of Business. "It should create infrastructure like tools, platforms, interdisciplinary projects and proof of concept centres."
Government support for startup activity comes at a time when entrepreneurial activity is rising across the country. An estimated 600 new startups will be launched every year according to consulting firm Zinnov. This year nearly 1,750 crore has been invested in early stage ventures.
The entrepreneurial boom is also attracting interest from foreign governments keen to partner with state-supported funds. This month, the United Kingdom Trade & Investment board struck a partnership with the Karnataka Information Technology Venture Capital Fund. They will together fund UK-based startups that set up operations in the state.
"There will be a link between startups in London's Tech city and Bangalore," said Francis Maude, Britain's' cabinet office minister who announced the tie-up this month.
UKTI will also mentor entrepreneurs along with software industry body Nasscom.
Government support for start-up activity is also being modeled on successful initiatives globally, including Israel's Matimop programme. Karnataka's vision document for the sector, co-authored by Pai, recommends greater backing for research and innovation-led start-ups, including the establishment of a 1000 crore venture fund for information and communication technology ventures. "We are committed to making Bangalore the innovation hub for the world," said Krishna.
^^
India, unlike other Global plays, remains an elitist, exclusive IT domain. This is funding for the boys. There's corruption in 'innovation and start-up' funding game too, but my point is:
-------------------
In other words, the pictured dlf Cybercity Gurgaon in Delhi NCR satellite of Gurgaon, the slickest of many office complexes in Delhi NCR is about 10 Mil. sq. ft. Add adjacent office buildings from adjacent and across the expressway, it goes up 25 Mil. sq. ft.
dlf Cybercity Gurgaon
---------------------
At a generous 10 sq. ft. of office space per employee, the area employs a min.:
25,000,000 sq. ft./10 = 2.5 Million workers, knowledge workers !
(I can therefore see Delhi NCR as a 100 Million agglomeration. This IT boom has just surfaced and already soaked up millions. It boom is now scaling up to the next level or layer and this time with all the proper govt. incentives, schemes, scams whatever. I can easily see 100 Million sq. ft. of IT space sprouting up all over Delhi NCR, much almost done or under construction, that's 10 Million K-jobs ... phew! Check- )
Smaller, dlf Noida IT Park at 1.25 Mil. sq. ft.
-------------------------------------------
Each can fend for a family of 7 or more, that's an incredible and unbelievable 7 Million ppl.
Believe me, world class folks work here for often world class pay, in any case better than average Indian pay. There are many more such IT Parks across Delhi NCR specially in Noida, Gr. Noida, Gurgaon, Manesar etc. Delhi obviously has govt. white collar jobs. All jobs for the educated, middle class-caste boys. Entire population of Delhi NCR is about 25 Million. If 15 out of the 25 Million (they say it's a young population) are working class, and the 3-5 IT Parks and govt. throw up about 7.5 -10 Million white collar jobs, life's just got interesting for the said class after '1000 yrs.' of discrimination.
There are millions of manufacturing, construction, food, retail and other jobs for sure. Amazing!
I'm thinking, with the Delhi-Mumbai Industrial Corridor popping up in a handful of yrs. from here all the way to Mumbai, this area is going to be something else because it's already somewhat Global.
Therefore, if this takes off it will un-lock and revolutionize the middle-to-upper middle IT classes by getting them into business, for the first time in a 1000 yrs. ?
The good news is that poverty is down to 20 %. Will go down to a bearable 10 % by 2020.
Below: Roads for the boys, not that I like but notice no bicycle paths for the poor.
Delhi Metro
-----------
(all classes-castes inclusive
)
(c) http://articles.economictimes.india...ess-private-limited-airport-metro-line-damepl
http://economictimes.indiatimes.com/photo/23003771.cms
BANGALORE: The Karnataka government will launch two new venture funds to back young companies and set up a network of incubators in smaller cities as part of an ambitious plan to boost startup activity in the state.
The venture fund will have a corpus of 100 crore, with half the investments coming from the state and central governments. Private investors will provide the balance. "A separate fund of 20 Crores will be set up to provide angel investments for very early stage companies," said TV Mohandas, chairman of Karnataka Information and Communication Technology Group 2020 which is spearheading the initiative.
A network of incubation centres to support technology startups will also be set up across select districts by the first quarter of 2014 according to the state's secretary for information technology and biotechnology, Srivatsa Krishna. "We are creating a comprehensive ecosystem for startups," he said. Karnataka's moves to bolster startup activity coincide with similar initiatives by the centre and other states, such as Kerala. Earlier this month chief minister Oommen Chandy said his government would set aside 1% of the state's budget expenditure or 500 crore to fund young entrepreneurs. In Delhi, the India Inclusive Innovation Fund, envisaged as a 5000-crore fund, has received initial commitments of 400 crore from investors.
"The government can play a significant role," said Krishna Tanuku, executive director of the Wadhwani Centre for Entrepreneurship Development at Indian School of Business. "It should create infrastructure like tools, platforms, interdisciplinary projects and proof of concept centres."
Government support for startup activity comes at a time when entrepreneurial activity is rising across the country. An estimated 600 new startups will be launched every year according to consulting firm Zinnov. This year nearly 1,750 crore has been invested in early stage ventures.
The entrepreneurial boom is also attracting interest from foreign governments keen to partner with state-supported funds. This month, the United Kingdom Trade & Investment board struck a partnership with the Karnataka Information Technology Venture Capital Fund. They will together fund UK-based startups that set up operations in the state.
"There will be a link between startups in London's Tech city and Bangalore," said Francis Maude, Britain's' cabinet office minister who announced the tie-up this month.
UKTI will also mentor entrepreneurs along with software industry body Nasscom.
Government support for start-up activity is also being modeled on successful initiatives globally, including Israel's Matimop programme. Karnataka's vision document for the sector, co-authored by Pai, recommends greater backing for research and innovation-led start-ups, including the establishment of a 1000 crore venture fund for information and communication technology ventures. "We are committed to making Bangalore the innovation hub for the world," said Krishna.
^^
India, unlike other Global plays, remains an elitist, exclusive IT domain. This is funding for the boys. There's corruption in 'innovation and start-up' funding game too, but my point is:
- The govt.'s vote bank rural masses Vs. the IT classes polarised Indian society over 1/2 century and starved the upper-middle class of funds. No self-respecting middle class type goes into start-up, business or anything like that. Business is a monopoly of the 'biz classes'.
-------------------
In other words, the pictured dlf Cybercity Gurgaon in Delhi NCR satellite of Gurgaon, the slickest of many office complexes in Delhi NCR is about 10 Mil. sq. ft. Add adjacent office buildings from adjacent and across the expressway, it goes up 25 Mil. sq. ft.
dlf Cybercity Gurgaon
---------------------
At a generous 10 sq. ft. of office space per employee, the area employs a min.:
25,000,000 sq. ft./10 = 2.5 Million workers, knowledge workers !
(I can therefore see Delhi NCR as a 100 Million agglomeration. This IT boom has just surfaced and already soaked up millions. It boom is now scaling up to the next level or layer and this time with all the proper govt. incentives, schemes, scams whatever. I can easily see 100 Million sq. ft. of IT space sprouting up all over Delhi NCR, much almost done or under construction, that's 10 Million K-jobs ... phew! Check- )
Smaller, dlf Noida IT Park at 1.25 Mil. sq. ft.
-------------------------------------------
Each can fend for a family of 7 or more, that's an incredible and unbelievable 7 Million ppl.
Believe me, world class folks work here for often world class pay, in any case better than average Indian pay. There are many more such IT Parks across Delhi NCR specially in Noida, Gr. Noida, Gurgaon, Manesar etc. Delhi obviously has govt. white collar jobs. All jobs for the educated, middle class-caste boys. Entire population of Delhi NCR is about 25 Million. If 15 out of the 25 Million (they say it's a young population) are working class, and the 3-5 IT Parks and govt. throw up about 7.5 -10 Million white collar jobs, life's just got interesting for the said class after '1000 yrs.' of discrimination.
There are millions of manufacturing, construction, food, retail and other jobs for sure. Amazing!
I'm thinking, with the Delhi-Mumbai Industrial Corridor popping up in a handful of yrs. from here all the way to Mumbai, this area is going to be something else because it's already somewhat Global.
Therefore, if this takes off it will un-lock and revolutionize the middle-to-upper middle IT classes by getting them into business, for the first time in a 1000 yrs. ?
- India's real intellect, brain power or knowledge economy is locked in it's middle-to upper middle, education obsessed, knowledge driven, upper class-caste combine. To it's credit, after a 1000 yr. history of discrimination, this class-caste combine is ringing in over $ 108 Billion in IT exports alone, it's not just growing, but zooming. All within a mere 65 yrs. of freedom even if the largest TCS, Wipro, HCL, Cognizant are the regular biz. types for whom it's business as usual, rather then the majority upper class-caste service class types for whom this is all new. The chance to get into business that is. Hope all the above crores convert the said service class-caste types into biz. types.
The good news is that poverty is down to 20 %. Will go down to a bearable 10 % by 2020.
Below: Roads for the boys, not that I like but notice no bicycle paths for the poor.
Delhi Metro
-----------
(all classes-castes inclusive
)(c) http://articles.economictimes.india...ess-private-limited-airport-metro-line-damepl
http://economictimes.indiatimes.com/photo/23003771.cms
Indian Tiger
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Chennai Kathipara Flyover
Chennai is known as the Detroit of Asia.The city accounts for 60 per cent of India's automotive exports, Chennai has a market share of around 30% of India's automobile industry and 35% of its auto components industry.
A large number of the automotive companies including several global automotive companies such as BMW, Hyundai, Ford, Nissan, Renault, Mitsubishi, TVS Motor Company, Ashok Leyland, Caterpillar, Royal Enfield, TI Cycles, TAFE, Dunlop, MRF have manufacturing plants in and around Chennai. Daimler, Yamaha and Apollo Tyres have plants under construction.
The city is also home to some of the world's largest Automotive R&D facilities in the world, which include Nissan, Hyundai, BMW, Caterpillar and Daimler. It houses the world's second largest Research Valley- The Mahindra Research Valley.
Chennai leads in the health care sector and is considered the Health Capital of India. Home to some of India's best health care institutions such as Apollo Hospitals, the largest health care provider in Asia, MIOT Hospitals, Sankara Nethralaya, Sri Ramachandra Medical Center, Fortis Healthcare, Dr.Mehtas Hospitals, Sundaram Medical Foundation (SMF), Madras Medical Mission (MMM), Frontier Lifeline & K.M. Cherian Heart Foundation, Chettinad Health City and Adyar Cancer Institute, Chennai is a preferred destination for medical tourists from across the globe. Some of the treatments sought after by the tourists include heart surgery, neurological problems, cancer, plastic surgery and orthopaedic procedures. Chennai attracts about 45% of all health tourists arriving in India from abroad in addition to 30% to 40% of domestic tourists.
Aerospace Industry
Chennai Aero Park, a proposed Aerospace design, manufacturing and maintenance park is set to become the largest integrated aerospace ecosystem in the world. The project is a pioneering initiative to mark India's entry into the global aerospace industry. The aero park will enable global players to design, manufacture and maintain all types of aircraft for both civilian and defense needs. It is to be established as a Public-Private Partnership (PPP) entity. The city is home to Ashok Leyland Defence Systems, Rane and 56 more aircraft component manufactures.It also has the largest Aerospace R&D facility in India which is controlled by Mahindra Aerospace.
The proposed park would need 4,000 acre of land and attract an investment of around $10 billion. The park would create over 100,000 jobs.John W Douglass, former president and chief executive officer, Aerospace Industries Association of America, in his keynote address said around 300,000 workers were expected to retire from the US aerospace industry in the next 10 years and these jobs have to be filled. India is well positioned in this space, thanks to the number of educational institutes, he added.
http://www.business-standard.com/ar...o-give-fillip-to-industry-108091601053_1.html
Chennai is known as the Detroit of Asia.The city accounts for 60 per cent of India's automotive exports, Chennai has a market share of around 30% of India's automobile industry and 35% of its auto components industry.
A large number of the automotive companies including several global automotive companies such as BMW, Hyundai, Ford, Nissan, Renault, Mitsubishi, TVS Motor Company, Ashok Leyland, Caterpillar, Royal Enfield, TI Cycles, TAFE, Dunlop, MRF have manufacturing plants in and around Chennai. Daimler, Yamaha and Apollo Tyres have plants under construction.
The city is also home to some of the world's largest Automotive R&D facilities in the world, which include Nissan, Hyundai, BMW, Caterpillar and Daimler. It houses the world's second largest Research Valley- The Mahindra Research Valley.
Chennai leads in the health care sector and is considered the Health Capital of India. Home to some of India's best health care institutions such as Apollo Hospitals, the largest health care provider in Asia, MIOT Hospitals, Sankara Nethralaya, Sri Ramachandra Medical Center, Fortis Healthcare, Dr.Mehtas Hospitals, Sundaram Medical Foundation (SMF), Madras Medical Mission (MMM), Frontier Lifeline & K.M. Cherian Heart Foundation, Chettinad Health City and Adyar Cancer Institute, Chennai is a preferred destination for medical tourists from across the globe. Some of the treatments sought after by the tourists include heart surgery, neurological problems, cancer, plastic surgery and orthopaedic procedures. Chennai attracts about 45% of all health tourists arriving in India from abroad in addition to 30% to 40% of domestic tourists.
Aerospace Industry
Chennai Aero Park, a proposed Aerospace design, manufacturing and maintenance park is set to become the largest integrated aerospace ecosystem in the world. The project is a pioneering initiative to mark India's entry into the global aerospace industry. The aero park will enable global players to design, manufacture and maintain all types of aircraft for both civilian and defense needs. It is to be established as a Public-Private Partnership (PPP) entity. The city is home to Ashok Leyland Defence Systems, Rane and 56 more aircraft component manufactures.It also has the largest Aerospace R&D facility in India which is controlled by Mahindra Aerospace.
The proposed park would need 4,000 acre of land and attract an investment of around $10 billion. The park would create over 100,000 jobs.John W Douglass, former president and chief executive officer, Aerospace Industries Association of America, in his keynote address said around 300,000 workers were expected to retire from the US aerospace industry in the next 10 years and these jobs have to be filled. India is well positioned in this space, thanks to the number of educational institutes, he added.
http://www.business-standard.com/ar...o-give-fillip-to-industry-108091601053_1.html
patentneer
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" Aerospace Industry- Chennai Aero Park, a proposed Aerospace design, manufacturing and maintenance park is set to become the largest integrated aerospace ecosystem in the world. The project is a pioneering initiative to mark India's entry into the global aerospace industry. The aero park will enable global players to design, manufacture and maintain all types of aircraft for both civilian and defense needs. It is to be established as a Public-Private Partnership (PPP) entity. The city is home to Ashok Leyland Defence Systems, Rane and 56 more aircraft component manufactures.It also has the largest Aerospace R&D facility in India which is controlled by Mahindra Aerospace.
The proposed park would need 4,000 acre of land and attract an investment of around $10 billion. The park would create over 100,000 jobs.John W Douglass, former president and chief executive officer, Aerospace Industries Association of America, in his keynote address said around 300,000 workers were expected to retire from the US aerospace industry in the next 10 years and these jobs have to be filled. India is well positioned in this space, thanks to the number of educational institutes, he added."
Source: http://www.defence.pk/forums/genera...-but-still-long-way-go-452.html#ixzz2gs5KhAek
^^
They make Indian and Russian tanks too. Russians have aerospace complex in Kanpur up north. Now that the Russian military-industrial complex is dwindling, talk is of moving new civil aviation airliner production to India.
Early, All New Sukhoi Superjet
-Russia is considering manufacturing this and more in India
India is not only a large market in itself, but a decent enough technical, financial and specially business continuity collaborator good for cracking open new and re-export markets in the commonwealth and other countries. India can be a fantastic production base for Russia per news release. Russian aerospace sector is Globally competitive and semi-skilled Indian labour is cheap and qualitative enough to deliver at 1/2 price. India can even help Russia reach out to markets in the middle east, Indonesia, Iran etc.
It's a 1-2 knockout combo.
The proposed park would need 4,000 acre of land and attract an investment of around $10 billion. The park would create over 100,000 jobs.John W Douglass, former president and chief executive officer, Aerospace Industries Association of America, in his keynote address said around 300,000 workers were expected to retire from the US aerospace industry in the next 10 years and these jobs have to be filled. India is well positioned in this space, thanks to the number of educational institutes, he added."
Source: http://www.defence.pk/forums/genera...-but-still-long-way-go-452.html#ixzz2gs5KhAek
^^
They make Indian and Russian tanks too. Russians have aerospace complex in Kanpur up north. Now that the Russian military-industrial complex is dwindling, talk is of moving new civil aviation airliner production to India.
Early, All New Sukhoi Superjet
-Russia is considering manufacturing this and more in India
India is not only a large market in itself, but a decent enough technical, financial and specially business continuity collaborator good for cracking open new and re-export markets in the commonwealth and other countries. India can be a fantastic production base for Russia per news release. Russian aerospace sector is Globally competitive and semi-skilled Indian labour is cheap and qualitative enough to deliver at 1/2 price. India can even help Russia reach out to markets in the middle east, Indonesia, Iran etc.
It's a 1-2 knockout combo.
patentneer,
Good article about NCR. I strongly believe that most of the criticism of the Indian IT industry, especially from Pakistan is because of nothing other than pure jealousy. Many here on PDF simply cannot fathom the fact that we have come so so far! This is the sole reason people such as Riaz Haq exist, to twist facts and portray India in a bad light. Who is this guy anyway? He seems to be on an India bashing orgy since time immortal. Wonder what has gotten into him.
Good article about NCR. I strongly believe that most of the criticism of the Indian IT industry, especially from Pakistan is because of nothing other than pure jealousy. Many here on PDF simply cannot fathom the fact that we have come so so far! This is the sole reason people such as Riaz Haq exist, to twist facts and portray India in a bad light. Who is this guy anyway? He seems to be on an India bashing orgy since time immortal. Wonder what has gotten into him.
patentneer
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Hey, much appreciate your feedback. I wrote that just for fun, really. Our ppl. don't do that .
.- See, I'm not from India. I try to analyse and understand India, and sometimes pen my thoughts. But if Delhi NCR's got enough IT work for things like population to go from 20 to 100 Mil., the whole world should be looking at where to fit in. I have family in Delhi.
patentneer,
Our ppl don't do what? Did not get that. On a more balanced note however, I see Gurgaon's development as largely unplanned. Physical infrastructure has just not kept pace with the rise in population and the builder lobby has taken full advantage of this by charging exorbitantly housing that should probably cost half that.
The Haryana govt. is largely to blame for the mess methinks because a city as important as Gurgaon should have decent physical infrastructure and 24x7 electricy. I would even tolerate bad roads but lack of power is just....crippling. Your thoughts?
Our ppl don't do what? Did not get that. On a more balanced note however, I see Gurgaon's development as largely unplanned. Physical infrastructure has just not kept pace with the rise in population and the builder lobby has taken full advantage of this by charging exorbitantly housing that should probably cost half that.
The Haryana govt. is largely to blame for the mess methinks because a city as important as Gurgaon should have decent physical infrastructure and 24x7 electricy. I would even tolerate bad roads but lack of power is just....crippling. Your thoughts?
All that glitters is not gold. Gurgaon is basically an unplanned city which has came out of chaos. From outside you can be fooled by the shiny glass towers,huge malls,beautiful girls and metros but in the inside the city lacks even basic road,sewers and power supply as @TheGujju said
Last edited by a moderator:
patentneer
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I say Gurgaon is the right way to build in India.
In India, village-slum-town formed the nucleus of modern Indian cities like Chandigarh, Jamshedpur etc. Remember the sub-continent was under Indo-Saracenic-Mughal-Islamic, Co. Raj and British Raj rule for about 1000 + 150 + 150 yrs., meaning Indian cities are primarily Colonial English or Indo-Saracenic-Mughal-Islamic.
India was a poor country till recently when new satellites like Noida, New Bombay and New Town Calcutta were planned. Inversely, Gurgaon just popped up organically and dlf commandeered Gurgaon to something else.
Having quad.ed her investment, my sis's Gurgaon now has among the best trunk infra. in the world! When my sis made her late stage move to Gurgaon, Gurgaon was on it's way to a better future. My sister's pay-off never factored in, and honestly who would have thought back then, that Gurgaon would become the nucleus of India's Globalisation (Socialist, 1.2 commie, jhola-baba type India & Globalisation ? ) story re: telecom, BFSI & BPO. Like Shenzen popped up to lead China's manufacturing outsourcing. It has held it's own Vs. well-planned, govt. funded Noida, Gr. Noida etc.
So I don't see anything wrong with a city popping up and becoming Globally rich and famous, and then going about fixing it's infra. which was not bad to start with; while the early risk-takers are amply rewarded for their toil and patience. Gurgaon has thrown up lots of IT, BFSI, BPO and related $ mufti-millionaires and even billionaires.
OMG the future is so bright, 'New Gurgaon' is now like the downtown for 1/2 of Haryana since all of south Haryana is legally declared in the Delhi NCR thing like Gurgaon. Smartly, Haryana govt. is not renaming the re-zoned areas Gr. Gurgaon, Mega Gurgaon, Navi Gurgaon, or Rajiv-Sonia-Jawahar Gurgaon etc. like Noida, Gr. Noida, Noida Extension.
... Lunar Noida, Martian Noida, Yamunoida
?
Indian Globalisation
Full Article & (c): http://www.nytimes.com/2009/09/12/world/europe/12tajik.html?_r=2&
In India, village-slum-town formed the nucleus of modern Indian cities like Chandigarh, Jamshedpur etc. Remember the sub-continent was under Indo-Saracenic-Mughal-Islamic, Co. Raj and British Raj rule for about 1000 + 150 + 150 yrs., meaning Indian cities are primarily Colonial English or Indo-Saracenic-Mughal-Islamic.
India was a poor country till recently when new satellites like Noida, New Bombay and New Town Calcutta were planned. Inversely, Gurgaon just popped up organically and dlf commandeered Gurgaon to something else.
- That something else is new Gurgoan. Among the richest municipalities now in the region. So while they go about spiffing the place up, it's the original Co.'s, risk-takers, early shakers and movers who deserve and got a mega return on their early pain and agony, no?
Having quad.ed her investment, my sis's Gurgaon now has among the best trunk infra. in the world! When my sis made her late stage move to Gurgaon, Gurgaon was on it's way to a better future. My sister's pay-off never factored in, and honestly who would have thought back then, that Gurgaon would become the nucleus of India's Globalisation (Socialist, 1.2 commie, jhola-baba type India & Globalisation ? ) story re: telecom, BFSI & BPO. Like Shenzen popped up to lead China's manufacturing outsourcing. It has held it's own Vs. well-planned, govt. funded Noida, Gr. Noida etc.
So I don't see anything wrong with a city popping up and becoming Globally rich and famous, and then going about fixing it's infra. which was not bad to start with; while the early risk-takers are amply rewarded for their toil and patience. Gurgaon has thrown up lots of IT, BFSI, BPO and related $ mufti-millionaires and even billionaires.
OMG the future is so bright, 'New Gurgaon' is now like the downtown for 1/2 of Haryana since all of south Haryana is legally declared in the Delhi NCR thing like Gurgaon. Smartly, Haryana govt. is not renaming the re-zoned areas Gr. Gurgaon, Mega Gurgaon, Navi Gurgaon, or Rajiv-Sonia-Jawahar Gurgaon etc. like Noida, Gr. Noida, Noida Extension.
... Lunar Noida, Martian Noida, Yamunoida
?Indian Globalisation
Full Article & (c): http://www.nytimes.com/2009/09/12/world/europe/12tajik.html?_r=2&
patentneer
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Interesting news.
BANGALORE: The Karnataka government will launch two new venture funds to back young companies and set up a network of incubators in smaller cities as part of an ambitious plan to boost startup activity in the state.
The venture fund will have a corpus of 100 crore, with half the investments coming from the state and central governments. Private investors will provide the balance. "A separate fund of 20 Crores will be set up to provide angel investments for very early stage companies," said TV Mohandas, chairman of Karnataka Information and Communication Technology Group 2020 which is spearheading the initiative.
A network of incubation centres to support technology startups will also be set up across select districts by the first quarter of 2014 according to the state's secretary for information technology and biotechnology, Srivatsa Krishna. "We are creating a comprehensive ecosystem for startups," he said. Karnataka's moves to bolster startup activity coincide with similar initiatives by the centre and other states, such as Kerala. Earlier this month chief minister Oommen Chandy said his government would set aside 1% of the state's budget expenditure or 500 crore to fund young entrepreneurs. In Delhi, the India Inclusive Innovation Fund, envisaged as a 5000-crore fund, has received initial commitments of 400 crore from investors.
"The government can play a significant role," said Krishna Tanuku, executive director of the Wadhwani Centre for Entrepreneurship Development at Indian School of Business. "It should create infrastructure like tools, platforms, interdisciplinary projects and proof of concept centres."
Government support for startup activity comes at a time when entrepreneurial activity is rising across the country. An estimated 600 new startups will be launched every year according to consulting firm Zinnov. This year nearly 1,750 crore has been invested in early stage ventures.
The entrepreneurial boom is also attracting interest from foreign governments keen to partner with state-supported funds. This month, the United Kingdom Trade & Investment board struck a partnership with the Karnataka Information Technology Venture Capital Fund. They will together fund UK-based startups that set up operations in the state.
"There will be a link between startups in London's Tech city and Bangalore," said Francis Maude, Britain's' cabinet office minister who announced the tie-up this month.
UKTI will also mentor entrepreneurs along with software industry body Nasscom.
Government support for start-up activity is also being modeled on successful initiatives globally, including Israel's Matimop programme. Karnataka's vision document for the sector, co-authored by Pai, recommends greater backing for research and innovation-led start-ups, including the establishment of a 1000 crore venture fund for information and communication technology ventures. "We are committed to making Bangalore the innovation hub for the world," said Krishna.
^^
India, unlike other Global plays, remains an elitist, exclusive IT domain. This is funding for the boys. There's corruption in 'innovation and start-up' funding game too, but my point is:
Offices for the Boys
- The govt.'s vote bank rural masses Vs. the IT classes polarised Indian society over 1/2 century and starved the upper-middle class of funds. No self-respecting middle class type goes into start-up, business or anything like that. Business is a monopoly of the 'biz classes'.
-------------------
In other words, the pictured dlf Cybercity Gurgaon in Delhi NCR satellite of Gurgaon, the slickest of many office complexes in Delhi NCR is about 10 Mil. sq. ft. Add adjacent office buildings from adjacent and across the expressway, it goes up 25 Mil. sq. ft.
dlf Cybercity Gurgaon
---------------------
At a generous 10 sq. ft. of office space per employee, the area employs a min.:
25,000,000 sq. ft./10 = 2.5 Million workers, knowledge workers !
(I can therefore see Delhi NCR as a 100 Million agglomeration. This IT boom has just surfaced and already soaked up millions. It boom is now scaling up to the next level or layer and this time with all the proper govt. incentives, schemes, scams whatever. I can easily see 100 Million sq. ft. of IT space sprouting up all over Delhi NCR, much almost done or under construction, that's 10 Million K-jobs ... phew! Check- )
Smaller, dlf Noida IT Park at 1.25 Mil. sq. ft.
-------------------------------------------
Each can fend for a family of 7-10 easy, that's an incredible and unbelievable 7-10 Million ppl.
Believe me, world class folks work here for often world class pay, in any case better than average Indian pay. There are many more such IT Parks across Delhi NCR specially in Noida, Gr. Noida, Gurgaon, Manesar etc. Delhi obviously has govt. white collar jobs. All jobs for the educated, middle class-caste boys. Entire population of Delhi NCR is about 25 Million. If 15 out of the 25 Million (they say it's a young population) are working class, and the 3-5 IT Parks and govt. throw up about 7.5 -10 Million white collar jobs, life's just got interesting for the said class after '1000 yrs.' of discrimination.
There are millions of manufacturing, construction, food, retail and other jobs for sure. Amazing!
I'm thinking, with the Delhi-Mumbai Industrial Corridor popping up in a handful of yrs. from here all the way to Mumbai, this area is going to be something else because it's already somewhat Global.
Therefore, if this takes off it will un-lock and revolutionize the middle-to-upper middle IT classes by getting them into business, for the first time in a 1000 yrs. ?
India is going from poverty to riches on the back of it's educated elite who have turned their knowledge imperative into a cash fountain. This in contrast to all the Asian Tigers who moved up the ladder by grinding their labour classes. 100's of millions of self proclaimed 'middle class' with a back-up of another 100's of millions of aspiring middle class makes India a middle class country to reckon with. Better or worse, good or bad ... it's quite a model.
- India's real intellect, brain power or knowledge economy is locked in it's middle-to upper middle, education obsessed, knowledge driven, upper class-caste combine. To it's credit, after a 1000 yr. history of discrimination, this class-caste combine is ringing in over $ 108 Billion in IT exports alone, it's not just growing, but zooming. All within a mere 65 yrs. of freedom even if the largest TCS, Wipro, HCL, Cognizant are the regular biz. types for whom it's business as usual, rather then the majority upper class-caste service class types for whom this is all new. The chance to get into business that is. Hope all the above crores convert the said service class-caste types into biz. types.
The good news is that poverty is down to 20 %. Will go down to a bearable 10 % by 2020.
Below: Roads for the boys, not that I like but notice no bicycle paths for the poor.
Delhi Metro
-----------
(all classes-castes inclusive
(c) Proposal to extend airport metro to IFFCO Chowk, Gurgaon - Economic Times
http://economictimes.indiatimes.com/photo/23003771.cms
^^
I have researched and re-confirmed many facts since I wrote this, I stand by my write-up.
Yes, India's commercial real estate or office market is Globally tops and is dominated upto 3/4 th's by new age IT, BFSI, BPO & consulting firms.
For eg. only in the past 5-7 yrs. have slick IT Parks & SEZ's popped up to serve the India IT boom story, the 1'st cut! These have been profit driven (Vs. China's commercial real estate), smaller developments. Real-estate has a 3-5 yr. recovery cycle. So the money's in the bank, profit's booked. Now that the branded IT Park & SEZ construction industry has stabilised, it's the next gen. or under construction IT Park & SEZ play that is phenomenal, check:
Past
------
Bangalore ITBP & Bagmane IT Park built step-by-step by Globally famous Co.'s.
Vs.
Future
------
Relatively unknown, definitely non Global, very local, 1 shot development by Adarsh IT, Banglaore:
or well known SP's Infocity, Calcutta @ 5 Mil. sq. ft.:
Proposed HCL Nagpur Campus:
Finally,
A sensible, thoughtfull discussion on the nuances of India's development model.
patentneer,
I agree that what we have achieved with IT/ITES and allied services is nothing short of phenomenal. However, as someone around here rightly pointed out, it is a largely elitist growth that does not succeed in drilling down the benefits to those who really need it, the underprivileged. I say grinding the lower strata of the society to collectively uplift it is just what the doctor ordered for India, but the incompetent kongies and pro-Nehru bastards never could really figure that out.
That is why I admire China / Thailand / Malaysia / Indonasia / South Korea development model, because they are bottom up. By bringing up a top class manufacturing industry they have succeeded in funneling the money directly to the lower classes. IT and such services cannot, I am afraid do that.
That being said, I am not saying we stop what we are doing, quite the opposite. What I am saying is that this kind of development would seem empty if not accompanied by hard-core physical infrastructure which is where India falls behind.
Even in the IT sector we MUST now move up the value chain and do the hard-core product development in India, bring up our own Amazon, Google and Microsoft.
P.S. Lunar / Martian / Yamunoida...Ha ha ha ha!! That was funny
A sensible, thoughtfull discussion on the nuances of India's development model.
patentneer,
I agree that what we have achieved with IT/ITES and allied services is nothing short of phenomenal. However, as someone around here rightly pointed out, it is a largely elitist growth that does not succeed in drilling down the benefits to those who really need it, the underprivileged. I say grinding the lower strata of the society to collectively uplift it is just what the doctor ordered for India, but the incompetent kongies and pro-Nehru bastards never could really figure that out.
That is why I admire China / Thailand / Malaysia / Indonasia / South Korea development model, because they are bottom up. By bringing up a top class manufacturing industry they have succeeded in funneling the money directly to the lower classes. IT and such services cannot, I am afraid do that.
That being said, I am not saying we stop what we are doing, quite the opposite. What I am saying is that this kind of development would seem empty if not accompanied by hard-core physical infrastructure which is where India falls behind.
Even in the IT sector we MUST now move up the value chain and do the hard-core product development in India, bring up our own Amazon, Google and Microsoft.
P.S. Lunar / Martian / Yamunoida...Ha ha ha ha!! That was funny
patentneer
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Very naive view!
Education 1'st, industrialisation later. Korea, Japan, Taiwan, Thailand, Malay, Indonesia not sure and even China educated 1'st and then got into development.
Society, the non Judaic, Indo-Saracenic upper class-caste society of India (read between the lines), decayed enough over 1000 yrs. and more of subjugation to run with education and knowledge.
Contrast that with the fighting Rajputs, Marathas, Sikhs, Gurkhas and Nairs (after all, it can be argued that they failed to do their job and the Judeo-Christian invaders/colonists moved in) who were also among the frontrunners to get into modern education along with the traditional knowledge based upper class-castes. Today, specially in the IT context, all are basically a big new IT caste-class.
When said caste-class folks make big money, there's a trickle down effect on intellectual assets and eco-system. Computer magazines start circulating, govt. policies come up to favour technical education institutes, the media booms with positives, IT institutes spring up, cleaners and servers graduate to dusters and e-mail assistants leapfrogging the rat race. Remember Jamal from Slumdog Millionaire who passed off as 'Call Center Assistant'. Trickle down effect also works on book publishing, institution building like free press, Oscar winning movie scripts, commercial real-estate, infrastructure like roads to far flung factories where bottom-of-the-pyramid folks can work in solar lamp or cell phone manufacturing.
I prefer the top-to-bottom, educated and responsible to the not so educated and irresponsible transfer model rather then let's turn it upside down, full bloodletting bottoms-up revolution. Mesays, better the top 20 % get rich big and spread it around rather then the bottom 20 % get rich, drink it up and go baying for blood. Or build statues and concrete elephant parks.
Another reason is that the bottom of the pyramid types may need basic education to handle basic jobs where personal hygiene, discipline, schedules, instructions, applications and networking skills are important. Money for basic education also comes from above, the trickle down effect.
China used 'Communism' to shock-&-awe it's opium sleeping ppl. into modernity even if it meant mass killings during the Gr8 Leap Fwd. type days. India could well afford to avoid the kicking and screaming re: contact with the new age colonialists who pre-built a modern framework, a political democracy, new education system, defense establishment, press, Rails, IAS and specially the eco-system for a nation state; all modern ideas that have taken root Globally since they were planted in India. I think this suits India. China had to fumble through.
Some decades ago Mexican maquiladora manufacturing and NAFTA was going to turn Mexico into a proper 1'st world country right alongside the US & Canada, not! Manufacturing comes and manufacturing goes, intellect remains. Int. assets take long to mature and India had the British colonial school and college pedigree and the precedent of what later became the Global tools of commerce- not fascism for eg. but a chaotic, multi party democracy, English language, free press etc. Not Indonesia, they didn't have a Lord Macaulay inspired, colonial state funded education establishment.
Lastly, the pay-off, the profits from int. work are a in multiples of the peanuts from labour.
India's mixed model pushing theorganic intellectual build-up and money for brains + non-destruction of the bottom of the pyramid folks means that India can now afford it, India will put up the Delhi-Mumbai Industrial Corridor and crank out factories like no tomorrow. China's factory worker population is in dive mode re: 1 child policy, so the work's got to go. Vietnam, Bangladesh, Indonesia, Pakistan, Kenya, Ghana etc. maybe the only contenders because even Thailand and Malaysia have moved on.
Of the above, Indian manufacturing will wipe out all but Vietnam. But then Vietnam is small Vs. India. Indian manufacturing is cheaper than even China as China also moves on.
Till now India didn't have the money to build out the infra. assets for big time mass manufacturing.
No problem.
India's exports are either in traditional, geographically advantageous or sunrise industries. Steel based manufacturing, coal fired plants, jewels ... diamonds value-add and re-export, crude oil refining and re-export and IT and brain-body shipping based exports.
Pls. can someone id this, I'd like to check out the rest of it if I can find it:
Education 1'st, industrialisation later. Korea, Japan, Taiwan, Thailand, Malay, Indonesia not sure and even China educated 1'st and then got into development.
Society, the non Judaic, Indo-Saracenic upper class-caste society of India (read between the lines), decayed enough over 1000 yrs. and more of subjugation to run with education and knowledge.
Contrast that with the fighting Rajputs, Marathas, Sikhs, Gurkhas and Nairs (after all, it can be argued that they failed to do their job and the Judeo-Christian invaders/colonists moved in) who were also among the frontrunners to get into modern education along with the traditional knowledge based upper class-castes. Today, specially in the IT context, all are basically a big new IT caste-class.
When said caste-class folks make big money, there's a trickle down effect on intellectual assets and eco-system. Computer magazines start circulating, govt. policies come up to favour technical education institutes, the media booms with positives, IT institutes spring up, cleaners and servers graduate to dusters and e-mail assistants leapfrogging the rat race. Remember Jamal from Slumdog Millionaire who passed off as 'Call Center Assistant'. Trickle down effect also works on book publishing, institution building like free press, Oscar winning movie scripts, commercial real-estate, infrastructure like roads to far flung factories where bottom-of-the-pyramid folks can work in solar lamp or cell phone manufacturing.
I prefer the top-to-bottom, educated and responsible to the not so educated and irresponsible transfer model rather then let's turn it upside down, full bloodletting bottoms-up revolution. Mesays, better the top 20 % get rich big and spread it around rather then the bottom 20 % get rich, drink it up and go baying for blood. Or build statues and concrete elephant parks.
Another reason is that the bottom of the pyramid types may need basic education to handle basic jobs where personal hygiene, discipline, schedules, instructions, applications and networking skills are important. Money for basic education also comes from above, the trickle down effect.
China used 'Communism' to shock-&-awe it's opium sleeping ppl. into modernity even if it meant mass killings during the Gr8 Leap Fwd. type days. India could well afford to avoid the kicking and screaming re: contact with the new age colonialists who pre-built a modern framework, a political democracy, new education system, defense establishment, press, Rails, IAS and specially the eco-system for a nation state; all modern ideas that have taken root Globally since they were planted in India. I think this suits India. China had to fumble through.
Some decades ago Mexican maquiladora manufacturing and NAFTA was going to turn Mexico into a proper 1'st world country right alongside the US & Canada, not! Manufacturing comes and manufacturing goes, intellect remains. Int. assets take long to mature and India had the British colonial school and college pedigree and the precedent of what later became the Global tools of commerce- not fascism for eg. but a chaotic, multi party democracy, English language, free press etc. Not Indonesia, they didn't have a Lord Macaulay inspired, colonial state funded education establishment.
Lastly, the pay-off, the profits from int. work are a in multiples of the peanuts from labour.
India's mixed model pushing theorganic intellectual build-up and money for brains + non-destruction of the bottom of the pyramid folks means that India can now afford it, India will put up the Delhi-Mumbai Industrial Corridor and crank out factories like no tomorrow. China's factory worker population is in dive mode re: 1 child policy, so the work's got to go. Vietnam, Bangladesh, Indonesia, Pakistan, Kenya, Ghana etc. maybe the only contenders because even Thailand and Malaysia have moved on.
Of the above, Indian manufacturing will wipe out all but Vietnam. But then Vietnam is small Vs. India. Indian manufacturing is cheaper than even China as China also moves on.
Till now India didn't have the money to build out the infra. assets for big time mass manufacturing.
No problem.
India's exports are either in traditional, geographically advantageous or sunrise industries. Steel based manufacturing, coal fired plants, jewels ... diamonds value-add and re-export, crude oil refining and re-export and IT and brain-body shipping based exports.
Pls. can someone id this, I'd like to check out the rest of it if I can find it:
Last edited by a moderator:
President
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Very naive view!
Education 1'st, industrialisation later. Korea, Japan, Taiwan, Thailand, Malay, Indonesia not sure and even China educated 1'st and then got into development.
Society, the non Judaic, Indo-Saracenic upper class-caste society of India (read between the lines), decayed enough over 1000 yrs. and more of subjugation to run with education and knowledge.
Contrast that with the fighting Rajputs, Marathas, Sikhs, Gurkhas and Nairs (after all, it can be argued that they failed to do their job and the Judeo-Christian invaders/colonists moved in) who were also among the frontrunners to get into modern education along with the traditional knowledge based upper class-castes. Today, specially in the IT context, all are basically a big new IT caste-class.
When said caste-class folks make big money, there's a trickle down effect on intellectual assets and eco-system. Computer magazines start circulating, govt. policies come up to favour technical education institutes, the media booms with positives, IT institutes spring up, cleaners and servers graduate to dusters and e-mail assistants leapfrogging the rat race. Remember Jamal from Slumdog Millionaire who passed off as 'Call Center Assistant'. Trickle down effect also works on book publishing, institution building like free press, Oscar winning movie scripts, commercial real-estate, infrastructure like roads to far flung factories where bottom-of-the-pyramid folks can work in solar lamp or cell phone manufacturing.
I prefer the top-to-bottom, educated and responsible to the not so educated and irresponsible transfer model rather then let's turn it upside down, full bloodletting bottoms-up revolution. Mesays, better the top 20 % get rich big and spread it around rather then the bottom 20 % get rich, drink it up and go baying for blood. Or build statues and concrete elephant parks.
Another reason is that the bottom of the pyramid types may need basic education to handle basic jobs where personal hygiene, discipline, schedules, instructions, applications and networking skills are important. Money for basic education also comes from above, the trickle down effect.
China used 'Communism' to shock-&-awe it's opium sleeping ppl. into modernity even if it meant mass killings during the Gr8 Leap Fwd. type days. India could well afford to avoid the kicking and screaming re: contact with the new age colonialists who pre-built a modern framework, a political democracy, new education system, defense establishment, press, Rails, IAS and specially the eco-system for a nation state; all modern ideas that have taken root Globally since they were planted in India. I think this suits India. China had to fumble through.
Some decades ago Mexican maquiladora manufacturing and NAFTA was going to turn Mexico into a proper 1'st world country right alongside the US & Canada, not! Manufacturing comes and manufacturing goes, intellect remains. Int. assets take long to mature and India had the British colonial school and college pedigree and the precedent of what later became the Global tools of commerce- not fascism for eg. but a chaotic, multi party democracy, English language, free press etc. Not Indonesia, they didn't have a Lord Macaulay inspired, colonial state funded education establishment.
Lastly, the pay-off, the profits from int. work are a in multiples of the peanuts from labour.
India's mixed model pushing theorganic intellectual build-up and money for brains + non-destruction of the bottom of the pyramid folks means that India can now afford it, India will put up the Delhi-Mumbai Industrial Corridor and crank out factories like no tomorrow. China's factory worker population is in dive mode re: 1 child policy, so the work's got to go. Vietnam, Bangladesh, Indonesia, Pakistan, Kenya, Ghana etc. maybe the only contenders because even Thailand and Malaysia have moved on.
Of the above, Indian manufacturing will wipe out all but Vietnam. But then Vietnam is small Vs. India. Indian manufacturing is cheaper than even China as China also moves on.
Till now India didn't have the money to build out the infra. assets for big time mass manufacturing.
No problem.
India's exports are either in traditional, geographically advantageous or sunrise industries. Steel based manufacturing, coal fired plants, jewels ... diamonds value-add and re-export, crude oil refining and re-export and IT and brain-body shipping based exports.
Pls. can someone id this, I'd like to check out the rest of it if I can find it:
please dont include canada in first world..it is second world country not first world..there is lot of poverty and disparity between rich and poor...roads are bad and infrastructure is crumbling and getting extinct..75% of the jobs are service sector and is dependent on us for everything...
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