Does India have product development ecosystem?
There have been divided voices heard over the point: whether India possesses the ecosystem to develop product companies locally! Being a purely home grown company, Dexcel’s views are worth noting! Gujral said: “So far, India has had the reputation of being an outsourcing hub for embedded software. Now, this trend is changing and many companies are focusing of innovation and product development from India. The Indian design houses are moving beyond simple labor-cost arbitrage and becoming significant contributors to product innovation space. Many multinational companies are doing their new design and product development from their India design center. “The Indian domestic market is driving the product innovation like in the space of mobile segment. Having said that, there are many challenges in creating an ecosystem to develop product companies like process maturity, technical in-depth know how, domain expertise and availability of qualified resources.” Gujral expressed his gratitude an
