Soon 9 out of top 10 apps to come from India

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Xiaomi new model Mi 9 is displayed on an exhibition booth as invited guests try out the phones after its launch event in Beijing, Wednesday, Feb. 20, 2019. Xiaomi on Wednesday unveiled a thinner and lighter new model built with Ai triple camera that its Founder, Chairman and CEO Lei said has better performance comparable to Apple's iPhone Xs and Huawei Mate 20. (AP Photo/Andy Wong)

The growing breed of Indian developers will ensure nine out of 10 apps on Google Play Store are from India within the next 5-10 years, GGVC Managing Partner Hans Tung has said.

Speaking at the eighth annual India Internet Day (iDay) conference organised by TiE Delhi-NCR here on Thursday, Tung was part of leading Chinese VCs who shed light on the start-up landscape in China and the promise India holds.

“The focus of the event was to encourage and help innovative Internet-centric start-ups in learning how to unbox the full potential of their ambitious ventures,” Rajan Anandan, President-TiE Delhi-NCR, said in a statement.

TiE is a non-profit, global community welcoming entrepreneurs from all over the world.

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A user holds a Samsung Tab S3 Android tablet, Tuesday, Feb. 21, 2017, during a press briefing in New York. The new tablet will come with many of Samsung’s fire-prone Note 7’s features, including an S Pen stylus and a richly colored screen. (AP Photo/Kathy Willens)

Anant Maheshwari, President, Microsoft India, said the value of India is in that bottom of the pyramid of SMEs (small and medium enterprises) which is the start-up ecosystem.

Deepinder Goyal, Founder and CEO, Zomato, urged entrepreneurs to draw value from outside the country.

Six curated start-ups presented their unique products to a panel of investors as part of “Launchpad”.

Over 1,000 delegates, including start-ups, top unicorns, industry leaders, policy makers and other stakeholders attended the event.