Indians New York, May 14: India's fast growing economy and leaping information technology sector is attracting home more and more Indians from the Silicon Valley and the Indus Entrepreneur Group (TIE) estimates that around 60,000 may have returned in recent years, a media report said on Monday.
No region of the United States has been more affected by this trend than Silicon Valley. TIE had reported in 2003 that between 15,000 and 20,000 Indians have returned and Charter member of the organisation Vish Mishra told San Jose Mercury News that the trend had continued and about 40,000 more had gone back in the last four years.
Mishra, who is a senior venture partner with Clearstone Ventures, said the flow of investment capital to India also has expanded, much of it from Silicon Valley VC firms.
Clearstone Venture Partners now has an office in Mumbai, as do many other firms that either are based in or originated in Silicon Valley.
Courtesy : Expressindia.com
No region of the United States has been more affected by this trend than Silicon Valley. TIE had reported in 2003 that between 15,000 and 20,000 Indians have returned and Charter member of the organisation Vish Mishra told San Jose Mercury News that the trend had continued and about 40,000 more had gone back in the last four years.
Mishra, who is a senior venture partner with Clearstone Ventures, said the flow of investment capital to India also has expanded, much of it from Silicon Valley VC firms.
Clearstone Venture Partners now has an office in Mumbai, as do many other firms that either are based in or originated in Silicon Valley.
Courtesy : Expressindia.com