Startup U.S. vs. Startup India - Women Entrepreneur's Perspectives
Any entrepreneur would be hard-pressed not to become giddy about the growth opportunities in India. Just as California had a gold rush in the mid-1850's, India may be where the 21st century gold rush plays out. Here's why from the perspective of two women Indian entrepreneurs.
Shoba Purushothaman explains to the author that 110 million manufacturing jobs will be created in India by 2020, a staggering number. For the sake of comparison, an article in The Huffington Post by Hal Sirkin titled Manufacturing in America published in August 2012 reported that the U.S. "is at the start of a manufacturing renaissance that will generate two to three million jobs and provide $100 billion of added economic growth over this decade." While two to three million jobs would be very nice, it's a mere drop in the bucket for what is contemplated in India.
Shoba's company, Training Ventures, Ltd., will provide training for the future managers in industry. However, her bigger objective is to create a global brand, a brand that she sees being most easily created starting in India. What does she see as some of the advantages?