Indian tech companies focus more on training

The University of Pennsylvania's Wharton School of Business hosted the India Economic Forum in 2009 to discuss where India is headed in the times of the economic uncertainty. Held at Philadelphia, the program attracted a number of Indian leaders, CEOs, investors, heads of non profit organizations, sport persons and bollywood celebrities. The program denoted the stong impact of the country in the era of globalization and need of the world to acknowledge the fact. Vivek Wadhwa, former silicon valley enterpreneur and now a professor and researcher at the Wharton, stressed that its time US should start actually learning from India. The guru should start learning from the disciple. His remark was based on his conclusion from research about the innovation of management of the Indian tech companies. According to him, The fact that they spent a huge amount of money and time in training their employees is the fact that sets them apart. Its a mandate in the premier tech companies in India to undergo a fixed hours of training at all levels every year, and these initiatiatives are directly linked with the year end performance appraisals. The Indian companies' huge focus on training and career development within the the existing workforce, is what sets them apart from the rest.

This is also true with the tech startups in the silicon valley which according to his research in 2005, 25 % of all start ups were by immigrants of which Indians were by far the largest . It contributed to 52 billion in yearly profits and generated jobs for 450,000 Americans. Focus on education, training, personal development, innovation and research within the company and investing in the people is the USP and the value proposition at the end of the day for the Indian entrepreneurs.