The journey continues today, and the usual report "station":
In geographical sense, Southeast Asia is between the Indian Ocean and the Pacific Ocean, including two parts: the Central South Peninsula and the Malay Islands, and India, located in the South Asian subcontinent, is not in a geographical unit.However, whether it is a similar population structure, a side -by -side economic growth, or at the same time, it has benefited from high -increase foreign investment, also as the destination of the fifth round of industrial transfer, or the religion, culture, language, customs, and even even intertwinedThe relationship between human race, India and Southeast Asia are not so simple.
Therefore, when we want to intervene in the emerging Asian market in an exponential investment way, it may be easier to fall into the situation of "taking care of this" by looking separately from Southeast Asia and India.Because of this, the new Stock Exchange Pan -South -South Asia Technology Index creatively absorbed Indian companies, limited the stock pool in the six regions of India, Singapore, Indonesia, Thailand, Vietnam, and Malaysia to strive to provide investors with aMore precisely portrayed the samples of emerging Asian scientific and technological power.
Bloomberg data shows that as of January 30, there were two Indian ingredients stocks in the pan -east South Asia technology index, and it was the top two heavy stocks -WIPRO and Infosys.These two are the famous "Indian Silicon Valley Shuangxiong".
From Google’s Sandal Piczy to Microsoft’s Satia Nadella, from the original Parag Agraval to Adobe’s Sumanu Narayan, the Indian CEO is in the American science and technology industryIt can be described as pivotal.
Not only that, according to Phoenix.com, about 70%of the technical work visas issued by the United States to foreigners from 2007-2017 have issued it to Indian software engineers, which directly brings Indians who only account for only 1%of the American population, but they accounted forGo to Silicon Valley with a "spectacle" of 6%.The BBC also reported that about 1 million of the 4 million Indian Americans are scientists and engineers.
What about such a huge engineer dividend, if you go back to the mother country?
In fact, India advocates elite education. Because the education power of the whole society is mainly concentrated in the construction of a few "super first -class" universities such as the Indian Institute of Technology and the Indian Institute of Sciences. Its educational system also includes weak basic education and development.Two parts of higher education.Agra Wealth Management
A native Indian elite will basically go through a college entrance examination including mathematical and physics written test and comprehensive ability test. After entering the university, it will be arranged by the school for enhanced version of international education, including social practice, English ability, multiculturalism, and so on.For example, in order to enable students to participate in international competition, Indian Institute of Technology has established joint laboratories or training bases with many multinational companies such as Siemens, IBM, and Motorola.Simla Stock
Although the background color of this training method is elite education, it is also inseparable from the promotion of the Indian government’s "cross -industrialization" development policy.CITIC Securities pointed out,
The Indian service industry does not surround the IT industry at the beginning.At the beginning of globalization, India has undertaken a large number of European and American companies’ long -range after -sales services (especially night customer service) with cheap and rich labor, English advantages, and half -day difference with the United States.After that, with the development of the global software industry, benefiting from the previous talent and communication network foundation, India has developed the "software foundry" service.
In this process, in 1986, the Indian government issued a computer software export development and training policy, clarifying government subsidies and tax informants in the software industry.In 1990, the Indian Ministry of Electronics Industry established three major software technology parks.In 1991, the Indian government announced the exemption of income tax for IT service exports.
Until now, software exports have become the main contribution factor for Indian service exports. It not only has expanded India’s expansion of service trade surplus, but also has become a strong force for India’s economy.As of 2022, most of them were created by exports. Among them, generals, global perspectives, the industrial scale of a single country of a single country has been directly and indirect.
In 2017, more than 500 companies in India provided outsourcing services and more than 66 countries in their destinations.In 2020, 50%of Fortune 500 companies outsourced their IT development departments to India.EssenceIn the service quadrant of the outsourcing digital workplace released by Gartner in 2022,
One or two cross sections may not be explained, but when they continue to accumulate, the identity of India’s "IT service power" is obviously easy to see.
It can be seen above that "software foundry" is one of the traditional Indian pillar industries and is mainly exported to Europe and the United States.Specifically, this outsourcing service can be divided into "shore service" and "offshore service".Technical talents developed in India are attracted by the environment, education and government investment, and gathered in the inland cities in the central and southern part of the Degan Plateau -Bangalore.
In the early 1950s, due to the good air quality and met the requirements of the research and development of precision manufacturing, it was the supply base of American aircraft during World War II.It was also since then that India has been responsible for the National Defense Research and Development Organization of Rockets and Satellite Space, an Indian Scientific Research Organization, National Aviation Laboratory, and Indiastan Aircraft Manufacturing Company.
Scientific research and academics are inseparable.According to the government released by the Ministry of Education on January 25th 2021-22, the Indian Higher Education Survey (AISHE), AISHE,
The cluster effect of technology has made Bangcalore began to attract the attention of international software and high -tech companies in the late 1980s.In 1985, Texas Instrument Co., Ltd. took the lead in setting up an overseas R & D center in Bangalol, and then multinational giants such as Motorola, Hewlett -Packard, and Northern Power also settled one after another.Among the three major software science and technology park mentioned above, Bangalore Software Park is the earliest and largest of the establishment.
At the beginning of this government, in order to solve the problem of data communication infrastructure, it provides high -speed information exchange services for software exports with special satellite communication channels.These measures have undoubtedly promoted the development of the offshore packaging industry of Bangalore’s software.
In the last ten years of the 20th century, the momentum and scale of multinational companies settled in Bandolore had risen significantly.Under the attraction of foreign capital, local software vendors also gathered a lot.Public data shows that by 2000, there will be nearly 800 IT companies registered in Bangalore.
According to the media "Earth Knowledge Bureau" from the media, if we overlook the South Asian mainland from the night sky, the dazzling big light spots in the southern part of the Degan Plateau are where Bangalore is.Rise.
The book is connected to the previous article. Driven by the multinational IT enterprise, the Indian local IT industry has developed very quickly, and has established Indian local factories such as Wipro, Infosys, TCS, HCL.These four are four Indian IT companies that occupy the advantage in the Gartner quadrant of the previous article, and what investors are more capable are our two protagonists -WIPRO and Infosys.
Among them, Infosys has the name of "India and Microsoft" and is the first Indian company to successfully list in Nasdaq.
Infosys was founded in 1981. The first customer was Data Basics, the customer brought by the founder Multi.The US software company signed a six -year development contract with Infosys, but at that time, because there was no enough funds to purchase computers, Infosys could only send employees to the headquarters of American customers to work on the spot.It was not until India and the United States realized direct satellite communications in the 1990s that Indian outsiders such as Infosys gradually shifted from "to offshore service" to "offshore service". Of course, this is all later.
After successively undertake the demand for software development of several American customers, Infosys "the gear of destiny has begun to rotate" -and through the outsourcing software development business, it has successfully realized the cost reduction and efficiency and efficiency.Essence
By 2022, including Microsoft, Internet, SAP, 3M, Ai Rui, Cisco, etc.
Unlike Infosys, which is sent by technology, Wipro, another protagonist of "Indian Silicon Valley Two Heroes", is not software at first.
In 1966, the rich second -generation Primaki took over the family company West India Plant Products Co., Ltd., and the company mainly operated the sales of edible oil and soap.
Plamel, who has the background of staying in the United States and the founder of the founder of Infosys, sensitively smells the business opportunities brought by the great changes in the times.Instruments, we have completed a few overseas acquisitions. We are familiar with and later left a strong stroke to India’s IT industry.
Until now, in addition to the software outsourcing services of multinational companies such as GE, Nokia, Cisco, Hewlett -Packard, Microsoft, WIPRO also provides IT services to official Indian departments and state -owned enterprises.Network solutions, software and data storage products, contact center infrastructure, video solutions, and end user computing solutions, etc.
For the Indian IT industry, the high concentration of the downstream market is actually a double -edged sword, because once the European and American market demand fluctuates, the operating performance of software companies will be impacted.Come to risk.
Even after the rise of AI models in 2023, the market level has taken into account the impact that these companies that provide IT services may face.However, after recognizing that large models have invested in application and even replaced the current mature IT services, India’s IT company has also ushered in value repair to a certain extent.And now more importantly, it is the repair of profit.
Fortunately, the third quarterly report in 2023 has shown some improved signs.
In terms of WIPRO, even if downstream demand contraction and seasonal anti -winds exist at the same time, it is even more inspiring people’s hearts that the management of management at the performance briefing of the third quarterly report emphasizes the visibility of "a certain form of stability" and "the recovery of scientific and technological expenditures"., Also from -3.5%in the third quarter to -1.5%
Combined with the company, we may have reason to think that the main IT business of WIPRO is gradually getting through the difficult moments.As one of the few IT companies that can provide a full range of services, Wipro itself is still, and there will be no more advantages in the future.
As far as Infosys is concerned, the revenue decline in the third quarter is also better than market expectations.This is largely due to the fact that it is true
At the same time, Infosys Management stated that the company was.This has undoubtedly promoted the improvement of investor emotions.
In addition, the progress of Infosys in the aspect of the generation formula is also eye -catching.Infosys integrates Infosys Cobalt’s cloud and data analysis function into an artificial intelligence business. In May 2023, its own artificial intelligence products were launched.For consumer artificial intelligence, independent supply chain, independent marketing, anti -money laundering, and customer service transformation development solution.The company’s third quarter report disclosed that about 100,000 employees received training,
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