NASSCOM Product Conclave 2015 showcases product entrepreneurs driving Internet of Things

NASSCOM organized its third regional edition of the NASSCOM Product Conclave 2015 in Hyderabad. The conference was attended by industry leaders from the products industry, venture capitalist, entrepreneurs and consultants, who shared their views on the evolving product landscape.

Speaking at the occasion, Mr. Ravi Gururaj, Chairman, NASSCOM Product Council said, “The product landscape has witnessed tremendous growth, and is now considered as one of the fastest developing domains of the industry. With the Internet of Things being the new land of entrepreneurial opportunity, there is a need to create an ecosystem for transfer of knowledge and technological know-how amongst start-ups and academia.”

The rapid growth in establishment of new technology product & digital start-ups has positioned India as the 4th largest base of start-ups world-wide. India currently boasts of over 3,100 start-ups, with an addition of 800+ start-ups in 2014 alone. Product startups, for their sheer scope and with their impressive applications and numbers, have formed the backbone of the ecosystem which in turn is playing a key role in the growth of the Indian economy.

The conclave recognizes that the time for the Indian product story is ripe as the country’s IT industry moves beyond its leadership in the services sector towards IP and products. The Hyderabad edition of NPC, witnessed a turnout of over 400 delegates encouraging companies located in the region to participate and interact with some of the super achievers in the Indian Products arena.