FUELLING INDIA'S SILICON VALLEY ASPIRATIONS
Entrepreneur magazine|MAY 2024
It took 40-plus years for the US and over 25 years for Taiwan to establish their Silicon Valley.
SHRABONA GHOSH
FUELLING INDIA'S SILICON VALLEY ASPIRATIONS

How long will it take for India to fulfill its perspicacious intent? Anchored by strategic positioning, a commitment to digitalization and demographic advantages, India stands tall to achieve its Silicon Valley ambitions. As global value chains reshuffle amidst a push for increased diversification, resilience and security, India has become an increasingly competitive global player in advanced technology industries: It aims to reach $300 billion worth of electronics manufacturing and $120 billion exports by FY 26, supported by the vision of a $1 trillion digital economy by 2025.

"What the West achieved over a period of four decades, India is close to imitating the numbers in a span of five years! At this acceleration rate we can see a massive steep curve in a way that is going to take over the global economy to make India the fifth country to have a Silicon Valley," said Akarsh Hebbar, global managing director, Vedanta Semiconductors and Display.

The country is nurturing its objective to become the largest ecosystem for electronic manufacturing globally. The manufacture of semiconductor and display glass is dominated by a handful of countries globally - Vedanta believes that to achieve self-sufficiency in electronics manufacturing, the country needs to reduce its reliance on electronics imports. Last year in July, Foxconn and Vedanta group called off their joint venture that had plans to invest $19.5 billion to set up a manufacturing unit in Gujarat. However, Vedanta is still committed to its semiconductor aspirations: Chairman Anil Agarwal reiterated the company's willingness to set up a semiconductor manufacturing unit.

Denne historien er fra MAY 2024-utgaven av Entrepreneur magazine.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra MAY 2024-utgaven av Entrepreneur magazine.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA ENTREPRENEUR MAGAZINESe alt
How To Ask Family For Money
Entrepreneur magazine

How To Ask Family For Money

Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.

time-read
3 mins  |
November 2024
Data Breach Drama: When Trust Turns Costly In A Digital Age
Entrepreneur magazine

Data Breach Drama: When Trust Turns Costly In A Digital Age

Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?

time-read
4 mins  |
November 2024
THE TERRAIN TAMER
Entrepreneur magazine

THE TERRAIN TAMER

Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.

time-read
2 mins  |
November 2024
THE INTELLIGENT READS
Entrepreneur magazine

THE INTELLIGENT READS

Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.

time-read
1 min  |
November 2024
THE CURSE OF GROWING TOO FAST
Entrepreneur magazine

THE CURSE OF GROWING TOO FAST

FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.

time-read
10+ mins  |
November 2024
There's No Perfect Answer
Entrepreneur magazine

There's No Perfect Answer

I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"

time-read
1 min  |
November 2024
Give Yourself the Gift of Time
Entrepreneur magazine

Give Yourself the Gift of Time

Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.

time-read
2 mins  |
November 2024
How to Become a Main Street Millionaire
Entrepreneur magazine

How to Become a Main Street Millionaire

It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.

time-read
5 mins  |
November 2024
Want to Better Serve Your Clients? Become Them.
Entrepreneur magazine

Want to Better Serve Your Clients? Become Them.

As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.

time-read
3 mins  |
November 2024
How to Succeed With Gen Z Workers
Entrepreneur magazine

How to Succeed With Gen Z Workers

People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.

time-read
2 mins  |
November 2024