HomeEconomyCEO of Silicon Valley incubator says India has incredible engineering power

CEO of Silicon Valley incubator says India has incredible engineering power

The head of a top Silicon Valley-based incubator describes India as an “incredible engineering powerhouse” and said some of the world’s best companies like Google and Microsoft will be born in the country if it can tap into that potential.

Saeed Amidi, CEO and founder of Plug and Play – a global innovation platform that aims to connect early stage investors, startups and the world’s largest corporations – also hailed Indians as highly talented and smart people. He said that the founders of 50 percent of startups are from India.

I can tell you that more than 50 percent of these startups that are either physically in this building, in Plug and Play, or that we invest in come from statistics (statistics), he said. Answering a question, Saeed said that according to the research he has done, India is an incredible engineering powerhouse.

If I’m not mistaken, there are almost four million new graduates in software engineering every year. And I think that is the strength you have in India. If we embrace this power, some of the best companies in the world like Google and Microsoft will be born in India, Saeed said in response to a question.

Earlier this week, Plug and Play hosted Congress leader Rahul Gandhi for an interactive session on artificial intelligence and other related technologies. Indians, he said, are very talented and very smart. In general, we’ve learned that with, say, millions of dollars in investment, immigrant entrepreneurs take society and technology much further. Quite frankly, they work harder, they work smarter. We are very happy to find some immigrants in the founding team, especially from India, he said.

Observing China’s success, he said one thing India could improve on is infrastructure. It should be simplified a bit, the laws can be simplified, especially for foreign investment and large corporations. But in India, the market is so big that it cannot be ignored, he said. So we really feel that India is going to grow tremendously in the next 20 years and we hope to be a part of that growth,” he said.

Read Now:NASA’s James Webb Space Telescope peers through the bars trail of dust and bright star clusters stretches

[responsivevoice_button buttontext="Listen This Post" voice="Hindi Female"]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RELATED ARTICLES

Trending News

Skyroot Successfully Test-Fires Stage-2 of Vikram-1 Rocket, Marks Milestone in Indian Space Industry

In a significant development, Skyroot, an Indian space start-up, has achieved a major milestone by successfully conducting the test-firing...

U.S. Military Destroys Four Drones Launched by Iran-backed Houthi Forces in Yemen

In a recent development, the U.S. military announced its successful interception and destruction of four unmanned drones launched by...

Alia Bhatt Hosts Hope Gala in London, Raises Funds for Salaam Bombay Foundation

Actor Alia Bhatt graced the Hope Gala in London with her presence, shining a spotlight on a noble cause...

Global Warming Slowing Earth’s Rotation: Clocks May Need Adjustment

A recent study published in Nature suggests that global warming-induced polar ice melt is causing the Earth to spin...