Tuesday, June 8, 2010

Technology Sector in India at Its Best

Technology has been the buzzword ever since India started traveling on its development path. There has been tremendous growth in the fields of information technology as well as biotechnology in last five to ten years and is progressing still.

Cloud computing in IT sector is the new rage that has opened doors for many in India and abroad. From discovery to early clinical development, biotechnology sector too is expanding its potential in the country. The widening scope for technology professionals is growing further in wake of various foreign based companies coming forward to form strategic partnerships in India. Technology jobs in India are set to multiply manifold as IT and Biotech majors are creating thousands of job opportunities.

Indian cities offer the advantages of high-quality talent pool, lower operational costs, development speed and access to a huge market. These favorable aspects are rapidly drawing global business mammoths to externalize their R & D for bigger gains. They are now slimming down operations in US and Europe and reinvesting in Asia across India, China and Japan. Indian companies are definitely best at research and innovation but they need to sell themselves more effectively as solution providers.

The bent towards India for technology related matters like cloud computing, research and development is bound to result in huge fruitful collaborations. This will not only lead to significant upsides for partnering firms but also help the Indian technology industry to grow by leaps and bounds. High margins, easier cash flows, environment support, etc. are some of the features of Indian industries that attract foreign investors and corporations from all over the world. The government support in accepting foreign investments is also crucial for the country’s technological developments.

A significantly huge development is awaiting the Indian tech industry and will surely rock the world.


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