Silicon Valley of India
Two years ago there was this article on rediff terming Bangalore as not the Silicon Valley but the Coolie Valley. It compares how the technology companies at Silicon Valley like HP, Intel, Apple, Adobe, Yahoo, Seagate, Symantec were churning out new technologies and products every year, while Indian companies were providing low end end-to-end solutions to the global firms.
Silicon Valley companies are based on ‘know what.’ They know the market, they know the technology and they know what products to make to earn money.
Coolie valley companies are based on ‘know how.’ They do the software coding for other companies that have the ‘know what.’ If you tell them what to do, they know how and will do it for you.
But in the past two years, things have changed a lot. Recently there was this article on Nytimes about how Bangalore is the hot destination for technology startups. Venture Capitalists are looking at Bangalore based startups for promising investments.
Of course not all startups turn out to be successful. Some product or technology companies that have stayed in the market and established themselves are Sasken, which has developed communication products, Tally the maker of the popular accounting software and now planning to foray into the ERP product space also, Mindtree, which has started making money by licensing its patented communication technology.
The NYtimes author concludes by saying that though Bangalore can never be compared with silicon valley in the near future, it can match up with Boston or Austin as a competitive place to start up innovative product companies.