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Techies trip to India

October marks the visit of top techies to India. Jeff Bezos, CEO of Amazon started this with his energy pumped trip to India which has set fire to the expanding e-commerce market. The parent company has pumped in $ 2 billion into its India operations. The Indian e-commerce market is growing at a rate of 38 per cent year-on-year. This additional investment intensifies competition with the Indian-bred Flipkart which has garnered $ 1 billion in its recent round of funding. When asked about the competition, Bezos remarked, “We stay focused on the customer, not the competition. It’s the customer who pays us, not our rivals.” This was closely followed by Satya Nadella, CEO of Microsoft. His packed trip in Delhi and Hyderabad gained interest as it is the first visit after taking charge as CEO.. The tech visits concluded with Mark Zuckerberg, Co-founder of Facebook. His meeting with the tech savvy prime minister promised lot of help from Facebook to aid India in its Digital India initiative as well as with the Swach Bharat Campaign.

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IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
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