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Nasscom Announces Global Cloud Computing Challenge

According to NASSCOM, Cloud computing has democratised access to technology and in the Asia-Pacific region, India stands second only to China, as the largest and fastest-growing cloud services market

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IT corridor, india-china
The new corridor will facilitate partnerships between Indian and Chinese firms as part of Nasscom's efforts to evangelise IT development in newer geographies. Pixabay

To develop a sustainable workforce for disruptive technologies, IT industry’s apex body Nasscom on Tuesday announced that it is organising ‘WorldSkills India’s International Cloud Computing Challenge 2019’ in partnership with the National Skill Development Corporation (NSDC).

Intended to reflect upon areas including Cloud computing, exchange ideas and technical know-how of the IT industry, the four-day competition would commence on July 2 and end on July 6, Nasscom said in a statement.

Ten countries including India are participating in the competition, along with New Zealand, Belgium, Japan, China, South Korea, Russia, Oman and Ireland.

“With this growing demand for skilled talent, we are confident that the initiative will not only help re-engineer education and but also make the workforce skilled and future-ready,” said Debjani Ghosh, President, Nasscom.

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The finalists would further compete in the 45th “WorldSkills International Competition 2019”, to be held in Kazan, Russia in August this year.

“WorldSkills India” is an NSDC initiative launched in 2011 to provide a platform to the youth, along with industries and educators to compete, experience, learn and develop key professional skill sets required for Industry 4.0.

According to NASSCOM, Cloud computing has democratised access to technology and in the Asia-Pacific region, India stands second only to China, as the largest and fastest-growing cloud services market. (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)