To: Mohan Marette who wrote (9660 ) 11/19/1999 4:33:00 PM From: Mohan Marette Respond to
Indian software professionals are boarding flights again, this time heading for homeAs a result, the country is now witnessing something quite contrary to what happened in the 1980s, when there was an exodus of software professionals to the US . The many-fold increase in salaries, wealth creation through ESOP schemes and venture capital activity progressing at a hectic pace have all contributed to software entrepreneurs coming back to work here, according to Mr. Ashok Soota, CEO, MindTree Consulting. "Overall, there's a great improvement in the general quality of life here. And that's largely been responsible in bringing back the talent," Mr. Soota said. "The same will happen in the software industry in India. And, without doubt, Bangalore will emerge as one of the top 10 hotspots for venture capital," Mr. Soota said. "And this will lead to an entrepreneurial revolution in the software industry," he added. About 60 per cent of Indian professionals working in the US want to come back, and only the remaining 40 per cent prefer to stay back and go in for a green card, according to Mr. K. Srikanth, General Manager (HR), Aztec Software and Technology Services (P) Ltd . This is mainly because the work that is happening in some start-ups is pioneering, he said. Aztec itself is a start-up focussed on developing products and providing end-to-end solutions in e-commerce and Web application engineering. "We get four-six resumes per day from people in the US who have put in anywhere between two to 14 years of experience," Mr. Srikanth said. "There was a similar trend in 1993-94. But the guys who came in went back disillusioned, as most Indian companies were then into low-end work such as Y2K. But now, there's is a resurgence in faith in the Indian software industry," he said.
