“Are we going to be happy being delivery boys and girls? Is that the destiny of India… This is not a startup, this is entrepreneurship,” Goyal said.
This column was first carried BIZZ BUZZ, Hyderabad
At the Startup Mahakumbh, Commerce Minister Piyush Goyal has literally dampened the atmosphere first when he compared India with China (yes you heard it right) and then generalised and derided the Indian startups for their focus on Dukaandaari!
“Are we going to be happy being delivery boys and girls? Is that the destiny of India… This is not a startup, this is entrepreneurship,” Goyal said, calling for a reality check on part of the Indian startups. He did not stop there. “What are India’s startups of today? We are focused on food delivery apps, turning unemployed youths into cheap labour so the rich can get their meals without moving out of their house,” he said.
Many Indian businessmen are so spineless that they dare not even whisper against the system that delays processes and harasses honest people. But some people mustered some courage and began posting on social media. Reacting to Goyal remarks, former Infosys CFO Mohandas Pai said Indian startups got $160 b from 2014/24, China 845b$, US 2.3Tr$. “…there are very many small deep tech startups in chip design, IOT, Robotics, EV charging, BMS in India, growing rapidly but where is the capital?” Pai asked.
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