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India launches India-Africa ICT Expo 2015 in Kenya

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Nairobi: Ahead of the India Africa Forum Summit in New Delhi in October, India launched the first India-Africa ICT Expo here in the Kenyan capital under the theme of ‘India: Your Partner for Technology Next’.

The event, on September 28-29, was launched in conjunction with Information Technology Authority of Kenya, Telecom Export Promotion Council (TEPC) of India, and National Association of Software and Service Companies (NASSCOM).

The event, inaugurated by Najib Balala, Cabinet Secretary of Kenya and Rakesh Garg, Secretary Telecom of India, was attended by various officials and business leaders from India, Kenya, Tanzania, Uganda, Rwanda and Sudan.

“We have got a lot of experience in policies, networks/technology, skill development and innovative solutions using ICT to share with Africa,” said Garg.

“We see opportunities for cooperation and our government is keen to encourage business activities between India and Africa,” Garg said.

Over 300 technology companies from India and Africa are showing their latest products and solutions at this expo-cum-conference. The cost of the event is one crore, partially sponsored by Indian government.

“Africa is one of the fastest growing ICT market and we see opportunity to build high-capacity and resilient broadband network infrastructure along with innovative IT solutions,” Sanjay Nayak, vice chairman of TEPC and MD Tejas Networks, said.

“Indian companies have an advantage in African markets, since they already have the experience of successfully tackling similar business challenges, competitive pressures and harsh operating environment in India,” Nayak said.

The expo is a platform to build synergy among India and African countries to showcase innovative and diversified products and services. It is a platform to discuss solutions to regulatory business, according to Akansha Tete, director of global trade development at NASSCOM India.

“As digitalisation and mobility continue to transform business operations and everyday life, the expo presents the latest technologies that help companies to evolve and maintain a competitive edge in the communication and digital world,” she said.

This cements the relationship between India and Africa in the development of ICT, Julius Torach, deputy director of ICT ministry Uganda, said.

“For example, we have had telecommunications project from Tele Medicine and Tele Education implemented in Uganda. We have had delegations going to India on business process outsourcing (BPO) linkages. This kind of environment gives us an opportunity to promote trade relations between India and Africa,” Torach said.

“We are much closer to India not only geographically but in terms of challenges as well and we need to enhance our relationship in terms of ICT. We need relevant Indian solutions for our development,” Hassen Mashinda, PhD, director general of Tanzania Commission for Science and Technology, said.

“As India and Africa witness exponential growth in the telecommunication and information technology segments, trade partnership is bound to gain in the field of ICT,” he added.

The organisers are planning to make the Indo-Africa ICT Expo an annual programme by hosting it in different parts of Africa and India.

(By Hadra Ahmad, IANS)

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Report by NAASCOM Reveals Addition of over 1,300 Start-ups in India in 2019

While Bengaluru, Delhi-NCR, and Mumbai are home to 55-58 per cent start-ups in India, Jaipur, Ahmedabad, Kolkata and Kochi are the emerging start-up hubs in the country, said the report that Nasscom brought out in collaboration with global management and strategy consulting firm Zinnov

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Over 31 million people of Indian birth or descent are part of the Indian diaspora spread around the world. Of them, 3.1 million, or 10 per cent, are Indian-Americans living in the US.
The start-ups by Indian immigrants increased seven per cent over the prior period and a full 33.2 per cent of all start-up companies were founded by Indian Americans. Pixabay

India added over 1,300 start-ups, including 7 unicorns in 2019, making the country the third biggest start-up ecosystem in the world behind China and the US, according to a new report from industry body National Association of Software and Services Companies (Nasscom).

The total funding received by start-ups in 2019 stood at $4.4 billion, said the report, adding that total investment in the start-up ecosystem increased by 16 per cent year-on-year in 2019.

The cumulative valuation of the start-ups has now crossed $55 billion. The addition of 7 new unicorns in 2019 has brought up their overall number to 24, according to the report titled “India’s Tech Start-up Ecosystem”.

These 7 unicorns are Pune-based software company Icertis, Bengaluru-based Ola Electric, Delhi-based logistic courier service provider Delhivery, Gurugram-based cargo service Rivigo, Pune-based data protection and management-as-a service Druva, Mumbai-based fantasy sports platform Dream11 and Bengaluru-based online grocery store BigBasket.

The Indian start-up ecosystem has the potential to grow four times by 2025, it added.

Technology, Entrepreneurship, Resources
The approach is to create a bridge between the ‘physical’ and the ‘digital’, and between rural and urban through well-designed platforms, thereby amplifying the possibilities for creating start-ups across the country. Pixabay

“There are multiple levers propelling this remarkable growth of the ecosystem that are bolstering the Indian start-ups as well as creating an environment conducive for continued innovation,” said Nasscom president Debjani Ghosh.

“What stands out most starkly in this report is how various elements of the ecosystem are coming together in symphony to give rise to an orchestra of innovation – right from government support, evolution of the investor landscape, increase in participation from the corporates, growth of national digital infrastructure, to incredible global exposure,” she said.

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The report showed that during 2014-2019, an estimated 8,900 to 9,300 start-ups were born, with their overall base growing at 12-15 per cent year-over-year.

While Bengaluru, Delhi-NCR, and Mumbai are home to 55-58 per cent start-ups in India, Jaipur, Ahmedabad, Kolkata and Kochi are the emerging start-up hubs in the country, said the report that Nasscom brought out in collaboration with global management and strategy consulting firm Zinnov. (IANS)