Silicon Valley losing its sheen for Indians

There was 25 percent rise seen in Chinese immigrating to China last year, compared with the 2009 figures.

Vivek Wadhwa, a visiting scholar at University of California-Berkeley said, “In China, where billions have been invested in research and development with limited success, American-educated and trained Chinese are returning home and playing a key role in helping major R&D labs innovate.”

Reason for the brain drain
The prime concern of the employees working in Silicon Valley is short supply of visas with very limited working permit. Second concern being strict immigration laws and high cost of living in California, U.S.

President Barack Obama, during a town hall meeting said, "If we bring high-skilled immigrants to come here, why wouldn't we want them to stay?"

“They are job generators. We don't want them starting an Intel in China or France. We want them starting it here.”

Obama is highly concerned regarding the national immigration laws of U.S. and has asked the congress to modify them.

According to research done by Wadhwa, 52 percent of Silicon Valley projects were initiated by immigrants there.

Wadhwa said, "For the first time, immigrants have better opportunities outside the U.S."

Big names betting on India
Many big names have already invested in rising Indian market. Few of them include Vinod Dham (father of Pentium chip) and Naren Gupta (co-founder of Nexus Venture Partners), who are having their shares in snapdeal.com and pubmatic respectively.

Kunal Bahl, chief executive director of Snapdeal.com, rated number one e-commerce website in India, says, "I see huge opportunity in India because there are no mature companies, like Google and Microsoft, over there. The feeling is like in the U.S. in 1999."

The annual revenue of Snap Deal is $20 million, and it will likely soon takeover Groupon.

Wadhwa said, "Rather than dreaming about being acquired by Groupon, (Bahl) dreams of acquiring it. This kid is building the Amazon.com of India."