Armenia’s Silicon Valley seeks Indian partnership
Armenia's IT industry has been experiencing tremendous growth and development and local startups including firms dealing with Artificial Intelligence are seeking active partnerships with Indian counterparts and open chapters in South Asia’s biggest market.
Armenia has emerged as an attractive destination for technology companies and startups, thanks to its favorable business environment, skilled workforce and supportive government initiatives, local industry experts told ET.
Armenia is home to some of the most industry disrupting startups in the medical crypto, AI, and design fields. With a large pool of tech talent and a history of noteworthy astrophysicists and chess grandmasters, it is no surprise that there are so many successful innovative tech startups.
With a strong connection with the Silicon Valley through the strong Armenian diaspora, the Armenian IT industry is building connections with India’s Silicon Valley in Bangalore, besides Hyderabad and Delhi-NCR region.
Dr Yervant Zorian, an Armenian by birth and Chief Architect of Synopsys that designs chips, told ET that Synopsys has a sizable presence in India including Bangalore and Noida.
Zorian has been a frequent traveler across Indian cities.
Dr Zorian recalled that Armenian success in the IT industry and solutions had its genesis during the Soviet period and could have been described as the Soviet Union’s Silicon Valley. Later post-independence Armenian diaspora in the Silicon Valley in the USA was quick to set up connections in Armenia establishing chapters here.
