Again too simplistic answers.
Show me! How much budget of TCS/Wipro is put into R&D?
It's the viewpoint of the L1 bidder mentality. Govt. cares more about cost than quality.
I was talking about TCS and Wipro, whom we think are big companies, but they are not really a value creator in the overall Indian tech ecosystem.
There are many small and medium-sized startups in India (Swiggy, Zomato, CRED, Cure.Fit... many more), who may have extremely premium salaries to attract and retain talent in India. They are doing breakthrough innovation in their own fields.
Only very marginal market. Where is the use of drones in the civil industry? Recreation and security. Not a big market right now, may become one in the next 20-40 years.
The boom happened in last 10 years. We are around 10-15 years behind Silicon Valley Califonia.
And constant innovation originates from profit to be made. Tonbo's & MKUs success story originated from selling to Israel and USA, if they kept their legs in India, they would have been bankrupt by now.
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Enough arguing. My points -
- Innovation and excellence will be found only in capitalistic environments. Where the motto is "deliver or perish".
- Blaming the Indian corporate sector for failure in innovation is childish and short-sighted. No one puts their money and sweat into nationalism for the long term, only profit. China provides lucrative incentives to their tech talents for setting up companies and retaining them in the country. That's how they save their brain drain.
- There is no incentive for innovation and excellence from PSUs and govt. agencies in their current work culture. Unless they re-frame their organization and incentive hierarchy they will remain inefficient white elephants.
- Govt. in recent years have taken correct steps in encouraging Make-in-India and should strive to keep on awarding contracts to Indigenous startups. This will motivate more people to open up businesses in the military-industrial complexes.