Till date none of these large U.S. companies had ever acquired anything in India, nothing to write home about. If they both turn out to be successful for these respective companies, they will then now start looking at India more seriously, in terms of there is more talent, there is more technology, and entrepreneurship happening here. So from that point of view I think even though these acquisitions may not be very large. But I think from the symbolic point of view, I think it is the beginning of a new era.
?Indian software engineers have gained recognition around the world. Most of the engineers work for big Indian technology companies. But the number of Indian technology start-up companies is on the rise. Raising money for these start-ups is not always easy.
Rajesh Sawhney helped to create a company called GSF Accelerator. It provided financial support for Little Eye Labs.
Mr. Sawhney says most of the start-ups in India have worked on developing products for the home market. But he says the recent deals with Facebook and Google will lead investors and business people to widen their efforts.
The time now is to encourage these start-ups to start thinking global and that is what Internet allows today. We need to encourage our bright, young talent in India to now start building products for world markets like Israelis have done or like U.S. start-ups do.
Bangalores successful technology services and outsourcing industry mostly does back office work for Western companies. But this work has put India on the technology map. The success that the industry has created will help open the door to future growth.
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