Imagine getting foreign technology without having to pay custom charges for it! Teja Reddy, the founder of the online shopping site – Tectotron.com makes this possible. At only 24, the entrepreneur has already assembled some amazing innovative gadgets, receiving over 4000 visitors on the Tectotron site every day. The four-month-old company has witnessed such a tremendous growth, that it has already started shipping overseas.
The fact that innovative technology can be introduced in India at affordable prices will help push potential innovators and techies here to come up with some amazing inventions themselves, which will further increase the competition for products made in India.”
The technology loving entrepreneur tells us the tale of how the idea of his venture hit him, “I was looking for a dual-sim adapter, since my I-Phone has only one sim slot. And, I found one like it in a US company.” But then the usual overseas pricing problem cropped up. “It costs about $80. And, if I ship it to India it would cost me even more! About $140! And that’s when the idea hit me.” The idea: Be the bridge between international technology companies and the Indian market. Teja noticed a huge market potential in India, and so he approached a US tech company for distribution to fill the gap in the market.
However, figuring out a way to minimize shipping and custom charges seemed to be an issue. Teja tells us how he solved that issue, “One of the problems was the import charges. Which is 30%! So I spoke to them, and told them to provide the items at the same cost at which they did to the US distributors. This gave us a good margin to cover the costs.” Negotiating such a deal the entrepreneur has given the Indian purchaser the option to buy international products at international prices, cutting off customs and import fees.
I am looking to create an awareness of such fantastic and innovative inventions.”
The innovative gadgets are not just for those with digital interests, the Dadcuta Pocket Scanner for example, can scan over 400 pages in a single charge, translate even Indic languages, convert image to texts. Then there is DrinkMate, world’s smallest breathalyzer for those who want to know if it’s okay to get behind the wheels after a drinking session. This product is the size of a key-chain, costs only 2800 INR in comparison to the 8-10k worth breathalyzers the cops use. The Arinmals is another amazing technology. For children who have become addicted to tablets and phones while eating, Arnimals lets them enjoy technology and learn from it. Its technology augments a 3D image for any letter of the alphabet. It increases in size, and it has movement and sound.
A firm believer of Make In India, Teja says Tectotron will make such chances happen, “The fact that innovative technology can be introduced in India at affordable prices will help push potential innovators and techies here to come up with some amazing inventions themselves, which will further increase the competition for products made in India.”
As for Tectotron, the entrepreneur says, “I want this site to be the hub for start-ups, where people have access and awareness. I am not looking to sell the product as much as I am looking to create an awareness of such fantastic and innovative inventions.”
Many want India to be on the lead in technology, but only a few do something about it. Teja Reddy, who is one of the few, has formulated an idea that could perhaps create a massive demand for Indian inventors, making India a truly digital country.