President | CITLoB
Dear friends,
In hindsight, the past couple of months will perhaps look like the months when things finally began to flip. If recent developments are anything to go by, the winds of change seem to have surely begun to blow. The only question we need to ask ourselves now is whether the Indian language industry is ready for what lies in store.
Among the top global companies, Lionbridge was perhaps one of the first companies to set up shop. Much later came Euroscript and some years ago it was thebigword. And then, some years ago a series of acquisitions of Indian LSPs began. First, it was Mayflower’s merger with Poland’s listed company Summa Linguae, and now the acquisition of Webdunia by the world’s most valuable language service provider, RWS.
Viewed against the backdrop of an exponentially growing local market; an increasing number of funded Language Technology start-ups; the coming of age of Jio, and Google’s recent commitment to invest in India – this only means exciting times ahead for every language service provider that can create value.
It looks like CITLoB has its work cut out. Representing an industry that is still unorganised and is only beginning to ascend the maturity curve, CITLoB through its various initiatives aims to help its members become more and more competent to handle this surge in local demand while becoming increasingly attractive to global partners and investors. This newsletter is but one step in that direction.
Take care and stay safe all of you. Happy reading and happy CITLoBing.
Sandeep Nulkar
President
CITLoB
