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January 4, 2000
Silicon Valley gurus to visit India
A team of top Indian entrepreneurs from Silicon Valley, including Hotmail founder Sabeer Bhatia, will meet Prime Minister Atal Bihari Vajpayee on January 12 to suggest measures for capturing six per cent of global software market by the year 2008.
The high-powered delegation will make presentations on latest trends in venture capital funds and angel investments in four vital fields -- value added IT services, software products, IT-enabled services and e-businesses.
Government efforts to legislate cyber laws and promote e-commerce transactions would also come up for discussion along with measures to bring about an ideal regulatory environment and increase the supply base of knowledge workers.
The IndUS Entrepreneurs (TiE) president Kanwar Rekhi, Suhas Patil and K B Chandrashekhar of Exodus Communications will also participate in the discussions.
The delegation will call upon Information Technology Minister Pramod Mahajan, besides officials of all ministries concerned, NASSCOM sources said.
The visit of Silicon Valley whizkids comes in the wake of India's desire to become a global IT super power and achieve $ 50 billion export target set by the National Task Force on IT by the year 2008.
Ministry of Information Technology (MIT) officials said the meeting is part of ''the healthy interaction between the government and industry for developing IT culture in the country...it will discuss on how to implement the NASSCOM-McKinsey report.''
Apart from Delhi, the delegation will also visit Bombay, Madras and Hyderabad in their week-long visit to India.
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