In a private conversation with CryptoNews, Pravjit Tiwana – Gemini‘s APAC CEO and Global Chief Technology Officer – highlights India’s potential as a significant innovator in the Web3 arena. According to Tiwana, this anticipated surge in innovation is backed by Gemini’s long-haul plan of investing $24 million to strengthen its foothold in India.
Tiwana’s perspective on why India emerged as the geographical favorite for Gemini’s new development center is fascinating. Noteworthy are the country’s high population density and its unrivaled software development talent. Tiwana drew parallels between India’s illustrious history of leading digital transformations and its potential in shaping the web3 landscape, suggesting the nation’s influential positional role in Web3 innovation was inevitable.
As a veteran of product and engineering leadership in major corporations like AWS, Disney and Microsoft, Tiwana firmly believes that Indian engineers and product managers are well-positioned to contribute significantly to the evolution of Web3. These sentiments echo a recent report by Chainalysis, which raised India to the top rank in crypto adoption.
Tiwana revealed Gemini’s strategy, dominated by their focus on engineering and product development within the Indian center. However, he also underscored the global reach of the products developed there, which is not confined to the Indian market. Meanwhile, all eyes are on India’s evolving regulatory landscape.
Gemini’s punctilious approach to regulation compliance and its commitment to security, transparency, and adherence to local norms remain non-negotiable, as per Tiwana. In a similar vein, Tiwana improvised on the oft-delayed crypto regulation framework in India, expressing surprise if it did not materialize in due course.
Gemini sees India as a significant expansion ground for its operations over the next 2-3 years. Tiwana emphasized the synergies between India’s technological advancements and Gemini’s global product maturity. The ultimate goal is to make India one of the key locations for the global crypto platform.
Gemini’s workforce expansion in India has seen a robust start; with over 50 new inductees in Gurgaon, India’s engineering capital, they are looking at a headcount of 180-200 in the next 12 to 18 months. With respect to India’s potential as a hub of Web3 innovation, Tiwana affirmed, “I believe that India will be one of the core areas where all this innovation will be led for Gemini and likely for the whole web three and crypto community.”
Source: Cryptonews
