“There is no dearth of technical talent in India but, we have not been able to utilise the talent to create our own “Silicon Valley” as well”. Discuss the factors which are inhibiting the development of world-class technology based enterprises in India.

1. Culture/Mindset: More inclined towards service than manufacturing.
2. Risk Taking Appetite
3. Industry-Academia linkage:

• Stanford University in Silicon Valley; Companies like HP, Google, Cisco
• High investment by industries on RnD
• New Jersey failed to replicate the California model precisely because they could not create a robust Industry- Academia interface.

4. Inspiring teachers and guides like Frederick Terman => encouraged Hewlett and Packard to open an enterprise from a garage.
5. Infrastructure and governance
6. Paucity of Capital
7. Quality of Skill set of supporting personnel

* WB's Ease of Doing Business Report 2015: India's rank is 142/189

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