Amid Hitec City leaders , Clinton extols India's information recolution. Mr. President and children, given a day off from school, waving miniature US flags. Never one to miss a chance to address a crowd, Clinton spoke about the new economy and the cyber revolution flourishing in Andhra Pradesh, the southeastern state in which Hyderabad is located. He noted that India is fast becoming one of the world s software superpowers, proving that in a globalized world, developing nations not only can succeed, developing nations can lead. What s more, one of India s principal exports is its strongly motivated and highly educated scientists, engineers, and technicians.
Indian students compete ferociously to attend a top-notch science or engineering school.
Last year, India s Institute of Technology in New Delhi had 130,000 applicants for 2,000 places. The ratio is even larger to enter the Institute of Science, founded in Bangalore in 1933 by India s only Nobel laureate in physics, Chandrasekhara Venkata Raman. The US benefits mightily from this talented workforce. Some 750 high-tech companies in California s Silicon Valley are led by executives of Indian origin, he stated. Clinton also extolled such expatriate superstars as Vinod Khosla, who helped elevate Sun Microsystems to its present technological status, and Vinod Dahm, who masterminded Intel s Pentium chip.