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Books : Vision India 2020

Vision India 2020

1. In 2008, India Information Technology services was in crisis, talent could not keep up with demand. India's engineering education system could not keep up with the demand for talent.

2. Engineering Schools were having trouble retaining and attracting faculty.

3. MIT alumni had no shortage of highly successful Indian entrepreneurs.

4. MIT Indian strategy gained the support of Arvind, Sanjoy Mitter, Anantha Chandrakasan, Srinivas Devadas, and Madju Sudan.

5. MITs opencourse played an important role in bring engineering education to India.

6. MIT India attracted investors: Mark Gorenberg, Gaus Tai, Lip Bu Tan, Brian Jacobs.

7. MIT India launched in 2010 financed by contracts from Intel, Cadence, Autodesk, Tata Motors, and IBM.

8. MIT India business model is simple, "work with businesses that are interested in hiring trained engineers". MIT India customers are businesses.

9. In India a large number of students graduate with advanced degrees in science and math. Mitra saw the opportunity to apply the talent to scalable technologies.

10. Hotchalk created an online community aided at connecting teachers, students, and parents. In 2008, the US had 3.2 million teachers and 55 million students in 140,000 public and private schools; and globally, there were 29 million teachers and 454 million students. Hotchalk community provided academic interaction, exchange of ideas, and allow organic engagement with one another.

11. MIT India is projected to be profitable in 2017. MIT India partnered with Discovery Channel, A&E, CNN, and Netflix to provide content seamlessly integrated into history, art, and geography.

12. Entrepreneurs are needed in India. If India is to sustain its 6-8% GDP, it will need to create products for sale. The government of India must agree too, systematic change. International businesses must be given free access to India markets. "A thinking India with its own products"

13. India's software industry cannot gain legitimacy without a homegrown, on-demand software-as-a-service technology. SaaS offers right size service for business rather than on-premise applications. SaaS monitors current use, instead of future capacity and feature enhancement for reoccurring revenue sales. US firms plan to spend 25% of their IT budget on SaaS applications. India needs to leverage the SaaS wave. Convert is a India SaaS company.

14. Long term solutions could come from India. In the future, India will replenish southern Indian rive by funneling freshwater from the Orissa Gantori plants. About 30 Gangorti desalination plants along the coast of Orissa built and subsidized by the Indian government will provide the fresh water, at 3 million cubic meters, at a total cost of $4.5 billion, say Mitra. The American company Energy Recovery Inc (ERI) has a device called the PX pressure exchanger (reverse osmosis) technology that can cut desalination cost around the world. In 2008, desalination cost had plummeted to 46 cents a cubic meter. ERI clients in Spain, Egypt, Africa, and China have produced over 5.2 million cubic meter of fresh water a day at a cost of $352 million per year. In 2008, Hyflux contracted ERIs PX technology for 100,000 cubic meters per day in the Tianjin desalination project.

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