Wed, 14 May 2008 10:14:22 +0530 "Gautam John" <[EMAIL PROTECTED]>:
> > http://seekingalpha.com/article/76511-where-are-indias-innovative-companies-products-and-solutions > > According to the article, the missing ingredients required to jump-start > India's innovation ecosystem are; > > 1. Access to intellectual and relational capital. > 2. A well developed Angel and Venture Capital industry does not exist in > India. > 3. An active segment of the Press focused on promoting early stage > ventures and building Entrepreneurs into Business Celebrities. > 4. A Comprehensive Understanding of the Indian Consumer and the lack of > formal Government support to promote Entrepreneurship and Innovation. > 5. Establishing Compelling Reasons to Innovate. > > Quite safely, one can say that 5 exists and as for 4, the less government > 'support' the better, yes? > > Apologies for the delayed posting in response to this post; My response is in reference to Point - 4: I quite disagree with the 'less government 'support' the better' argument. In India, good examples (IMHO) are the development of the Information Technology sector, now followed by the Business Process Outsourcing sector, both having benefited from various forms of government (both Central and State) support including but not limited to support in procuring land and buildings, reduced to nil stamp duties and registration fees on real estate transactions, tax free income generation. There are a few other benefits and support on administrative and regulatory levels. This support (particularly from Central Government) is administered through the Software Technology Parks of India Scheme. Recently, India has evolved this support mechanism through a legislation and supports eligible activities under the Special Economic Zones Act. I think such support is certainly worth-while for the development of India. -- Anil KUMAR
