Thursday 18 October 2012

Indians lead the 'American Dream' party

It's not just the Valley.
The study found that Indians start more companies than any other immigrant group in California (26 per cent), Massachusetts (28 per cent), Texas (17 per cent), Florida (17 per cent), New York (27 per cent), and New Jersey (57 per cent).
This, when the Indian race - not just those born in India - only represents between 0.7 per cent and 3.4 per cent of the populations of these states.
Indians also lead all immigrant groups in the number of companies founded in the following industries: biosciences (35 per cent), computers/communications (28 per cent), innovation/manufacturing-related services (29 per cent), semiconductors (32 per cent), software (33 per cent), environmental (39 per cent), and defense/aerospace (29 per cent).
"Indians," Bapat said, "are having all this success despite their visa difficulties and the hardships that are being placed on them. Imagine what they could do if America provided the visas they need to start companies and share the American Dream."
Speaking of the journey of the Indian entrepreneur, she said in the 1950s and 1960s the only Indians you would have met in Silicon Valley were some low-level engineers who happened to come to the US to study and ended up staying.

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