from：http://www.tmtpost.com/56409.html
The prototype of the Royal Institute of Technology in "Three Silly Bollywood", the Indian Institute of Technology (IIT), which is famous in Silicon Valley in reality, has alumni all over the executives of major international technology giants, Titanium Media visited the IIT graduates, take a look Glory and loss for Indian IT people.
Note from Titanium Media :Graduates of the famous Indian Institute of Technology (IIT) are popular all over the world. IIT's past alumni include the CEO of Vodafone, the chief economist of the International Monetary Fund, the chief scientist of Bell Labs, the discoverer of brown dwarfs in astrophysics, and, of course, countless people who started businesses in Silicon Valley .
We are all familiar with the virtual Royal Institute of Technology in the 2011 popular Indian film "Three Silly Bollywood", whose prototype is the Indian Institute of Technology. This school, known for its outstanding graduates and "monk-like system", selects outstanding talents from hundreds of thousands of candidates for training every year. Every year, a large number of talents are sent to the software industry in India, but in the end, many graduates flew to developed countries such as the United States and Singapore, and a large number of Indian Institute of Technology graduates gathered in Silicon Valley.
These aspiring graduates who left India, after taking root in Australia, are facing confusion from the entire national environment while creating achievements and wealth. Peter Cai, a special correspondent of TMTpost in Australia, observed and reported on the living conditions of IIT graduates living in Australia . We also vaguely see the shadow of China's national conditions.
It was forty years ago that Marlene Kanga sat for the internationally renowned Indian Institute of Technology (IIT) entrance exam in Mumbai. She was one of only 200 lucky candidates out of 20,000 hopeful candidates in the mid-1970s.
The IIT Joint Entrance Exam is one of the most rigorous in the world and is taken every year by more than 500,000 Indian secondary school graduates vying for only 5,000 places.
Once admitted, it will be considered a great honor. More importantly, it means you get a ticket out of poverty in the world's second most populous country.
Marlene Kanga, now President of Engineers Australia , is one of thousands of IIT graduates who are better known as IITians, and have achieved in their respective professions outstanding achievement.
Achievements speak: creating global influence
From Silicon Valley to the financial capitals of New York and London, they are full of business leaders and figures. Today, IIT graduates in Australia are also starting to make their mark in engineering, academia and agribusiness.
Dhiren Kulkarni is now chief information officer at St. George's Bank. The head of Internet service provider Primus (later acquired by M2 Telecom) is entrepreneur Ravi Bhatia, who also graduated from IIT.
Some multinational IT companies such as Sun Microsystems and Infosys have some famous IIT graduates. At industry leaders like Microsoft, Intel, Cisco, and Google, their influence has also penetrated deep into management.
Vinod Khosla, a multi-billion-dollar venture capitalist and co-founder of Sun Microsystems, told CBS, “I really can’t think of it. Is there any major area where IITs don't have engineers - they're all in leadership roles."
Warren Buffett also hired an IIT graduate named Ajit Jain to run his investment empire, Berkshire Hathaway Insurance Group; The former global managing director of Vodafone, the world's largest telecommunications company, also came out of the engineering school.
IIT graduates also lead some of the most influential research and educational institutions in the world, such as Bell Labs, Harvard Business School, and more.
The IIT was only created more than 60 years ago, when India gained independence from British control. Compared with its short history, the achievements of the IIT are extraordinary. The US Congress even passed a resolution in 2005 to recognize ITT graduates,
"IIIT graduates in the United States make valuable and meaningful contributions to society in all walks of life."
ITT talents being competed across borders
While IIT graduates have achieved impressive success internationally (especially in the US), this elite engineering school is less well known in Australia.
Deepak Saxena, who lives in Melbourne, is an Indian-born entrepreneur who also graduated from IIT. Few local senior executives have heard of the academy, he said.
"If you ask the top 100 CEOs in America, 'Have you heard of IITs,' I'd bet 95 to 99 percent of them would say yes," he said. “I can assure you, if you ask the top 100 CEOs in Australia, if more than five people say they know about this academy, it will surprise me.” Facing TMTPost’s inquiry, he seemed quite disappointed.
According to TMTPost's inquiries in an incomplete range, few people in China have heard of this college, and of course few IIT graduates are willing to come to China.
Kanga, the first Indian-born president of Engineers Australia , believes that India may not be automatically associated with a high level of engineering education. "People just think you're from a village," she said.
As IITians struggle to gain a sense of Australian identity, overseas headhunters and governments are baiting them.
The Singapore government has set a goal of attracting at least 100 graduates from the college each year.
Kanga said Singapore offered her permanent residency just because of her college degree, and immigration officials even completed all the forms.
While Saxina was still working for a multinational company in the island nation of Australia, he had obtained permanent residency and citizenship in Singapore.
A Singaporean official told him that his IIT diploma was attractive to the Singapore government. "You know, we don't have any resources other than human capital. We need people like you to contribute to our society," the official said.
Saxina, who runs a $150 million food and bioenergy business in Australia, said the IIT's obscurity here reflected not only their lack of understanding of the college but also the country's negative attitude towards intellectual capital Attitude.
"Australia doesn't value intellectual capital. That's how it is in the schooling system - where mediocre grades don't hurt," he said, arguing that the most pressing issue for Australia was "how to identify good and rigid minds" (And why not for China...).
Why go to America? Because people reward innovation
Rakesh Aggarwal, who also studied at IIT, has led the development of an abandoned dairy factory into a $100 million annual export business. His first-hand experience is that Australia's lack of dynamic venture capital makes innovation difficult. "Banks only lend based on capital status, whereas in the U.S. you get money with a business concept," he said.
The lack of recognition for some of the world's most sought-after engineers points to a deeper problem in Australia's decline in science and engineering. The number of high school students taking science and math courses is falling, leading to a drop in enrolments in science and engineering degrees at universities.
According to public information, Australia is also almost at the bottom of the OECD (OECD) ranking of the number of science and engineering graduates a country produces.
Kanga recently met a very smart girl. Unfortunately, this girl has decided to give up credits (only 1 credit) in the subject of mathematics in the high school exam. The practice deepened Kanga's concerns. From the perspective of the treatment of IIT graduates on a global scale, it has to be said that it is inevitable.
Many IIT graduates say there is a huge gap between Australia and the US when it comes to valuing entrepreneurship, science and engineering. Dr Raj Rajakumar, president of the Victorian branch of the IIT Alumni Association and former director of the Commonwealth Scientific and Industrial Research Council (CSIRO), said most of his classmates had gone to the US.
"They went to the US and they took the opportunities that the US was willing to offer them. Entrepreneurship is part of the American culture and they really reward innovation." He believes that despite the small number of IIT graduates in Australia, they have Has made significant contributions, it is only a matter of time before top talent can be retained