1. Homing technocrats

Homing technocrats

As young Indians return home, the way start-ups function could see a sea-change

By: | Published: May 23, 2015 2:17 AM

It is home-coming time for many bright Indian technocrats in Silicon Valley. The brain gain now is a sea-change from the 1970s and 1980s when brain drain was a huge economic worry. The technocrats who are returning have worked with some of the marquee technology companies in the Bay Area such as Google, Facebook and Disney. They are attracted by cutting edge work that is on offer to them at the new age Indian e-commerce companies such as Flipkart, Snapdeal and Zomato that are valued at over several billions of dollars. As if the attraction to return home is not enough, the bonus is that the money being offered is commensurate to what they have been drawing in the US.
The return of these technocrats could help introduce state-of-the-art business systems and processes in the emerging e-commerce business in the country. These returnees can also tap into their network to bring in more such talent home. The big draw is the huge opportunity that India offers. It allows technocrats to work in young organisations which provide them greater entrepreneurial liberties which is otherwise difficult in established entities. It remains to be seen how the return of the technocrats will help draw out talent in the Indian start-up scene. That will take some time to happen.

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