It took just 25 years for IT to become pervasive in India. The proliferation of mobile phones, reduction on duties for components, coupled with the Government of India’s Digital India and Make in India policies, have been the main drivers of this growth.
Sanchit Vir Gogia, Chief Analyst, Founder & CEO, Greyhound said, “A lot is being said about the Make in India Campaign. But a lot is being done on ‘assembly’ and not so much on ‘make’. The industry is looking for indigenous manufacturing supported by policies. The mobile manufacturing that they (Lava and Apple) speak of, is pretty much assembly lines. We also need robust and standardised laws to support IPR. We need to align ourselves to global standards for IPR. And thirdly, we need adequate bankruptcy laws to support startups and companies that close shop. We need more visibility on the bankruptcy laws; bankruptcy needs to be managed better by the government, as is done in other countries. These are needed to protect their internal (employees) and external stakeholders (partners, suppliers).”
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Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Knowledge Group, a Global Strategy & Transformation Research, Advisory & Consulting Group. To read more about him, click here.
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