Manufacturing Giant ?

Well, there's more than meets the eye, or gets the headlines.

"It’s not commonly known that India is the largest manufacturer of motorcycles, second-largest maker of small cars, and third largest manufacturer of automotive components. In the pharmaceutical industry, India has quietly become the fourth-largest producer of pharmaceuticals, while also showing the ability to innovate with the second-largest number of drug master filings. It is also one of the largest exporters of steel, has one of the largest forging facilities in the world, is among the largest consumers and producers of energy in Asia, the second-largest manufacturer of CD ROMs, and so on."

The Challenges are enormous, but there's so many growth stories, and so much happening, thats its tough to not be optimistic. The startup space needs to open its eyes to these and engage, understand and explore opportunity better. It may be less sexy than the current romanticized attempts at entrepreneurship, but it'll make better business sense for sure!

Update:

Indus commented on an article about Indian internet startups failing to meet VCs expectations, and I responded to his comment. I think my response there was relevant to this entry - so cut-pasting:

"The internet, by and large, replaced TV in India. Not malls, not utilities, etc. Some businesses have engaged a portion of of their consumers by using the web as a (cheaper) channel, but by and large, real business happens outside of the not-that-much-of-an-idiot-box.
Its not a question of lack of innovation (that'll happen), or of merely "following" a model from someplace else. Its the vacuum of real-life and real-biz requirements that causes the same to be more or less dreamt up over coffee - and with little follow-up validation.
A little more rubber off the soles, a little more connection with real needs, and the right ideas, right innovation and decent success are likely follow..."