Walmarts acquisition of Indian based online shopping giant Flipkart has garnered much debate and attention. And now, the attention and focus of Walmart has turned to the Indian tech start-ups which will significantly be smaller in comparison to its Flipkart deal but none the less significant. The propositions laid out by the executives of Walmart seem to be pretty enticing with their offers to hire more engineers that are locally sourced to creating more job opportunities. The growth of Walmart in itself has humble beginnings and thats the reason why it has appealed to the people for so long.
Check out the best Flipkart offers here
The question one frequently asks is Why Tech startups? The answer is quite simple actually, technology pretty much rules our lives and it is start-ups; the birth of an idea that has and always causes a far-reaching effect on the economy, the very economy that determines ones life in all spheres. Walmarts interest in Indian tech startups can be attributed to the fact that theres a lower cost in terms of payment to engineers or cost of infrastructure. Besides that, startups need constant remunerations which Indian investors are unable to keep up with, whereas Walmarts and other such Western or Eastern aids have the resources much needed for its upkeep and continuation.
Every idea thats birthed needs to be nourished and made to expand and so the expansion and nourishment comes through financial aid that can only be provided by foreign aids.
Walmarts chief technology officer Jeremy King in an interview about tech talent in Indian commented, The maths and the data science side are really strong in India. We have some product managers but I think we need more. The world generally needs more products managers, but India, in particular, needs a bit more discipline in (developing products managers). We also need people who can think large scale. Where do you get senior engineers that really understand how to deal with scale? Thats a constant struggle-the senior engineer problem. So basically, he hinted on the fact that India is more than equipped in terms of human resources and the problem arises in us being unable to comprehend what to do with the resources available at our disposal.
Apparently, Walmart Labs are particularly interested in startups that are already well established to an extent. Their interest extends to employing the companys founders and significant employees, after the acquisition of their companies, and this system of overturns which are termed as Acqui-hiring seems to be the rage these days.
If the news is true, as advertised, it would be of immense advantage to the Indian economy and its social structure. This would basically mean more job opportunities, which India is in dire need off. With the guidance in product management, the Indian tech startup will boost significantly in ways untold or unheard off. It would also mean changes and development to cities and towns the companies are built in, a clear example of this is the rise of Infosys and the boost it brought about to its birth city Bangalore.
The news has just been in the talks, and many cynics have voiced their disagreements on it, but seeing the bigger picture in the profits and benefit it would provide does all much good. To remain an optimist and view the glass as half full instead of the glass as half empty would be a much better options for us all.
Follow this link to join our WhatsApp group: Join Now
Be Part of Quality Journalism |
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast. |
| ACT NOW |
| MONTHLY | Rs 100 |  |
| YEARLY | Rs 1000 | |
| LIFETIME | Rs 10000 | |
