7 Eye-Opening Comments By Google's Eric Schmidt On India
#2 Country brims with opportunities
India looks forward to be brimming with opportunity. Eric Schmidt said, "It is crucial for India to invest and enable fast fibre internet connectivity within the country, between the country and the other countries." He added government leaders he has met here are keen to promote internet in the country.
He also added, "Its youth and its problems and the solutions to these problems are huge opportunities."
#1 India’s own Silicon Valley
On India replicating the Silicon Valley model, Schimdt said, "India has good reason for it. Some 40% of Silicon Valley start ups are by Indians, who got skilled and educated in India. You have top universities here like the IITs. What is needed is money. VCs and other investors are there, but unwilling to take risk, unless it's strategic, portfolio investments.''
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