The rise of made-in-India technology products

[indian_foxhound]

The world has become an open market, thriving
on innovation and technology. Individuals and
organizations are developing new and
innovative products and services in an
increasingly competitive global environment. But
how many of these products and services are being developed in India? And, how many of
these will withstand fierce global competition? From being an outsourcing hub to delivering
efficient software services, India has come a long
way. But Indian-made products are yet to claim
their share of fame. Slowly, we are seeing a shift
in the Indian technology industry. Predominantly
dominated by software services, product development is poised to be the next big-ticket
Indian information technology (IT) success.
Pricing has always been an advantage for India
due to low costs of setting up business and
availability of a skilled workforce. But
overcoming challenges of quality and technological know-how, India will emerge as an
attractive destination for product development. Developing products requires a great deal of
understanding of market needs and, hence,
proximity to the market helps in various stages
of development viz-a-viz product pitch and
discussions, product demonstrations, technical
changes, incorporating feedback, market testing and so on. The growth of the Internet and web-
enabled services has drastically reduced
communication and connectivity problems and
also cut down on product demo and training
costs. It has also helped foster greater
collaboration for product companies in gathering community feedback and effectively managing
projects using more social tools. Thus, it is now
easier to build products out of remote locations. India is emerging as a major market for high-tech
products and services. Most of these products are
developed for markets very different from ours
and later brought to India. Very few are built for
India. This presents a tremendous opportunity
for product developers to create products catering specifically to Indian market needs.
Markets here come with their own unique set of
challenges and a thorough understanding of
these is essential for a product’s success. Indian
companies would be better equipped to develop
products through local knowledge and test them in the right environment. Technology has made inroads into all aspects of
our life and we foresee a manifold increase in
technology consumption over the next few
years. There will be greater demand for
technology products to address needs in various
sectors, including data management, software applications, healthcare, education and life
sciences. Indian entrepreneurs can tap this
opportunity to meet global demand for state-of-
the-art technology in the consumer as well as
enterprise markets. Developing great products alone is not sufficient,
marketing them to the right clientele, re-inventing
according to changing market needs and creating
a unique value proposition is equally important.
Creating a technology brand is not easy and
Indian-made product companies need to work on establishing their value on a global platform. A major part of building successful products and
companies lies in the strength of its people and
an ecosystem that supports their growth. It is
imperative for companies to implement credible
talent acquisition and management policies to
attract the right people. Industry–academia partnerships should be encouraged to guide
students towards innovation and
entrepreneurship. Our education system should
encourage students in experimenting with new
ideas and innovative thought processes.
Government regulations and policies need to be made favourable for doing business within the
country as well as dealing with markets and
industry in other locations. The need of the hour
is to create an ecosystem that supports research
and development and helps set up businesses
that focus on developing innovative products. The growing interest of venture capital and angel
funds validates the tremendous scope for
developing tech products in India. Venture capital
interest will continue to fuel growth in this sector
in the coming years. Numerous fund houses are
keen on investing in the latest tech innovations coming from India. They see value in these
companies in developing high-end products that
meet global standards. Such early-stage support
is vital for companies to focus on their products
and help scale projects efficiently. We are already witnessing the initial success of
Indian-made products. Global companies are
setting up innovation centres in India for
research and development. These centres are
focusing on developing newer products for the
Indian markets as well as finding ways to replicate them globally. A whole range of tech
companies have developed great products and
and succeeded in establishing a connect with
their customers. There is still a long way for an Apple Inc. or Google Inc. to emerge from India, but we have taken steps in the right direction. We have built
brand India through hard work and excellency in
delivering software services, now it is time we
establish supremacy through made-in-India
products. Jaspreet Singh is the founder and chief executive
of Druva Inc., a data management company.

http://www.livemint.com/Companies/Z...-rise-of-madeinIndia-technology-products.html

 

[Skull and Bones]

I'll request members to stop posting threads from mobile, it renders the format unreadable.

 

[kawaraj]

it has been such a news that India is developing manufacture industry while econ data in the past year had been raging about the constant downslop of India's industrial output figure.

then I realize hope in people's mind and fact are in such difference. reality check is always a better thing than putting forward these articles or post.

India monthly industrial output shrinks surprise 0.6% - Yahoo! News Singapore



India's industrial output shrank unexpectedly in December for a second straight month, official data showed on Tuesday, dampening hopes that Asia's third-largest economy is reviving.
The 0.6 percent fall in December output at factories, mines and utilities, undershot market expectations of a nearly one percent rise and cast doubt on assertions by Finance Minister P. Chidambaram that the economy is on the mend.
The production figure "dashes hope of a mild recovery", said Shubhada Rao, chief economist at India's Yes Bank.
The Index of Industrial Production was dragged down mainly by shrinking manufacturing output, which slipped 0.7 percent in December from the same month a year earlier. Industrial production contracted 0.8 percent in November.
The weak figures put the government under increased pressure to introduce steps to reinvigorate the economy in its budget due at the end of the month at the same time as keep a lid on spending to contain a ballooning fiscal deficit.
Business leaders reacted with dismay to the data and called for a "high-level committee" under Prime Minister Manmohan Singh to "look into the issue of the industrial slowdown".
"It is definitely a cause for serious concern," said Naina Lal Kidwai, president of the Federation of Indian Chambers of Commerce and Industry.

 

[KRAIT]

it has been such a news that India is developing manufacture industry while econ data in the past year had been raging about the constant downslop of India's industrial output figure.then I realize hope in people's mind and fact are in such difference. reality check is always a better thing than putting forward these articles or post.

Ever thought of counting in global slowdown of economies and reducing sales ?

 

[kawaraj]

Ever thought of counting in global slowdown of economies and reducing sales ?

indeed we are having a global slowdown, but in emerging part of the word it's the other way around. Indonesia, Philippines, S.Korea, Turkey, even Vietnam are all in positive zone.

 

[KRAIT]

indeed we are having a global slowdown, but in emerging part of the word it's the other way around. Indonesia, Philippines, S.Korea, Turkey, even Vietnam are all in positive zone.

They are not closer to amount of what India produces. Check out the number of bikes and cars produced in India. Indian economy is larger than these countries.

 

[Ayush]

IT is india's strength.

 

[kawaraj]

They are not closer to amount of what India produces. Check out the number of bikes and cars produced in India. Indian economy is larger than these countries.

quantities are irrelevant. try to argue with direct reasoning, mr. think tank.

 

[Roll in deep]

They are not closer to amount of what India produces. Check out the number of bikes and cars produced in India. Indian economy is larger than these countries.

Indonesia, Turkey, China all did well in manufacture industry, and why India manufacture with much lower base but did worse than these countries?

 

[Srinivas]

Indonesia, Turkey, China all did well in manufacture industry, and why India manufacture with much lower base but did worse than these countries?

It is because India is an Agricultural based economy and this country has lot of potential in Agriculture.

Things are moving fast with the development of Infrastructure and New Manufacturing policy. There are already a very good global products which are doing well in Africa,USA and Latin America.

 

[PRINCE_THE_SHOWSTOPPER]

quantities are irrelevant. try to argue with direct reasoning, mr. think tank.

and your biasness is reflected in it..you r mixing apples with oranges,the industrial output of turkey and india cannot be compared... quantities are never irrelevant when you r talking about industrial output

 

[kawaraj]

and your biasness is reflected in it..you r mixing apples with oranges,the industrial output of turkey and india cannot be compared... quantities are never irrelevant when you r talking about industrial output

so talk about Gujarat, Tamil Nadu against Philippines, relevant enough? how's that comparison?

 

[Roll in deep]

It is because India is an Agricultural based economy and this country has lot of potential in Agriculture.

Things are moving fast with the development of Infrastructure and New Manufacturing policy. There are already a very good global products which are doing well in Africa,USA and Latin America.

This post is named "The rise of made-in-India technology products" , who talk about agriculture potential?

And with "The rise of made-in-India technology products", India industry keep on shrinking, is it a joke?

 

[Srinivas]

This post is named "The rise of made-in-India technology products" , who talk about agriculture potential?

And with "The rise of made-in-India technology products", India industry keep on shrinking, is it a joke?

You are some what delusional here, Industry production is shrinking where are the industrial base in increasing, Japanese are shifting most of their plants to India.

Recently they announced setting up of 5 plants.

India is fast becoming a hub for automobile manufacturing and there are some aggressive plans in this sector for next decade to make use of India's abundant cheap labor and upcoming infrastructure.

 

[Bobby]

quantities are irrelevant. try to argue with direct reasoning, mr. think tank.

We are talking about "made-in-India technology products" not industrial out put..by the way where you country stands