"All of this makes the market in India very ripe. There is a huge window of opportunity for the entrepreneurial companies in India," Mr Chandrasekhar said.

Top guns from Silicon Valley, including venture capitalist and pioneering entrepreneurs, in an interaction with a visiting Indian delegation venturing into the world of business, with innovative IT products, said that till a few years ago, Indian entrepreneurs wanted to copy the Infosys and Wipro model.

But this is not the case any longer, said B V Jagadeesh, founder of several successful Silicon Valley companies including Exodus, NetScaler and 3Leaf.

"Today there are a lots of great ideas," he said. "It is amazing to see the kind of product companies that are emerging. The next decade in India is going to be the golden era in entrepreneurship. This is absolutely the best time for Indians to go for true global companies," Mr Jagadeesh told the 27-membered Indian delegation, which are part of NASSCOM's "10,000 Start Ups" initiative.

One of the delegation member Pune-based Rohit Gupta, founder and CEO of Rolocule.Com, has recently won the prestigious 2014 Silver Edison Award for being the most innovative new product of the year in the Entertainment category at its annual awards function held in San Francisco on April 30.

Abhijit Gupta, through his Praxify.Com, has developed India's first interconnected healthcare platform. Already having one million customers in his kitty, Mr Abhijit boasts of increasing it to 10 million in the next couple of months.

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