'India Dazzling' in US Tech Sector

By siliconindia   |   Friday, 05 January 2007, 13:44 IST
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Bangalore: There seems to be a lot of doubt about India shining at home, but one thing is clear: it?s India dazzling in America. And the sheen has overpowered China?s prowess. According to a recent study conducted by Duke University's School of Engineering and University of California, Indians have founded more engineering and technology firms in the US over the past decade than any other immigrant group. The survey took into consideration statistics from 1995 to 2005, and found that in the ten years, Indian immigrants founded more tech and engineering companies than Chinese, Taiwanese and British immigrants put together. Immigrants have founded one among every four engineering companies started in the US over the past decade, stated the study. In 2005 alone, these companies had sales revenue of $52 billion and employed 45,000 people. 26 per cent of these firms had Indian founders. The findings of the report, released at the Berkely School of Information underline again how skilled foreign workers hold the key to the development of technology and engineering industries in the US. Author of the report, Vivek Wadhwa, also the executive in residence at Duke University's Pratt School of Engineering said that many in the huge wave of Indian immigrants who arrived in the US after 1980 were knowledge workers. Two things substantiate this: one, that Indians obtained the most number of patents (after the Chinese) between 1995 and 2005. Secondly, nearly half of all Indian-founded companies in the US are in the software sector. "These are the people who give the US its competitive advantage," Wadhwa said. "This shows that when Indians are given the environment, in which they can succeed, they can stand head to head with the best of the best, in Silicon Valley and elsewhere."