It is an opportune time for India to join hands with the US to achieve the dream vision of Atmanirbhar Bharat through technology collaborations and investments with the US.
In the light of the current geo-political tensions and the impact of COVID-19, it is an opportune time for India to join hands with the US to achieve the dream vision of Atmanirbhar Bharat through technology collaborations and investments with the US. Venktesh Shukla, ex-Chairman of TiE Global and the general partner of Monta Vista Capital says: ‘If we interpret “Atmanirbhar” to mean that India will create conditions such that globally successful companies come out of India, that will be a huge win. I hope that “Atmanirbhar” does not lead to a mindset of 60’s and 70’s that inflicted substandard cars like Ambassador in India.’
The biggest US Technology companies in Silicon Valley like Google, Facebook, Amazon, have invested around $17 billion in India since the start of 2020. This could be a turning point in the US-India relationship as they capitalise on the large Indian digital market. The Trump administration is making it harder to bring the best talents from the world to Silicon Valley. This can be an opportunity for India to improve its R&D ecosystem to attract, encourage and nurture the best brains in the world.
India needs to start working from the root of the problem, the education and innovation infrastructure of the country. MR Rangaswami, Founder of the Sand Hill Group and Indiaspora, says: ‘US tech companies have invested billions of dollars into India in the past few months and this bodes well for a lot more future investments from MNCs, private equity and venture investors. India should leverage this opportunity by streamlining regulations and setting clear tech policies. This decade can be the golden one for India!’
Source: Financial Express