Digging Minister of Commerce in Indian Starting Discussions

Recent comments of Indian Trade Minister Piyush Goyal about the country’s starting ecosystem have caused a great deal of discussion in the social media and caused a large reaction of some entrepreneurs.

At the second release of Mahakumbum’s startup, last week, under the leadership of the government, Hayal seemed difficult to look at the starting consumers of India when he urged entrepreneurs to study more innovations in technology to help the country progress.

Fun on lifting applications for food delivery, artisanal brands and apps on the Internet in the country, it compared them to the innovations produced by “other side”, which many people meant.

He said that while “they” made jumping in machine training, robotics and construction “next generation factories that can compete with the rest of the world”, India’s startups were still largely focused on lives such as ice cream.

His comments have caused a flurry of the reactions of the leading innovators of India, some claim that it only calls the creators to be more ambitious and others call it an unfair criticism of the starting ecosystem, the country’s main depositors.

Certainly, Goyal also praised the pace with which new businesses pop up in the country, greeting India as the third largest start-ups in the world. He also called on Indian investors to make more to support Indian creators.

But he seemed to see more, and faster.

“We need to be ready to develop and learn. (If) we want to be bigger and the best, then we must be bolder and we should not fought ashamed of competition,” the minister said.

At one point he asked the public – filling with entrepreneurs and investors – “Do we want to make ice cream or (semiconductor) chips?”

Aadit Palicha, co-founder of the Quick-Commence ZepTo app, quickly summoned the minister.

In a report on X, he claimed that it was consumer online companies, such as it, led to innovation in the technological space, in India and worldwide.

He noted that Amazon – originally consumer online component – scale cloud calculations, while today major players in II, like Facebook and Google, were also consumer online companies.

He urged Indian investors to support consumer online companies so that they can grow and use profits to produce more ambitious innovations.

Mohandas Pai, a well-known angel-investor, told the News Channel Economic Times that government and private players had a lack of capital investment in deep-technological startups.

He explained that the investors made Beeline for start -up lifestyles because they quickly gave up.

Innovations with deep technology take a long time to develop and require expensive infrastructure. “People are not ready to risk. We need long-term” patient “money (in order to flourish deep technological startups),” he said.

He also stated that regulatory vigor on foreign investments in Indian startups hurt innovation.

“Deep technological startups are also fighting for the market search,” he added, citing the example of an Indian firm, which recently for the first time charging for buses, but found no receivers for his product.

Many social media users also talked about the problems they encountered when trying to start their technological business.

Some said they fought for receiving loans, others emphasized high import taxes on certain foreign raw materials and equipment, while some others talked about unnecessary red tape, which made the documents and approve a nightmare.

But some entrepreneurs also defended the minister, saying that his comments were well -acting and a very necessary check for reality for the starting ecosystem.

Vironika S, founder of the App Proxy Gyan Edtech, agreed that the future leadership in India in the world economy depends on breakthroughs in II and semiconductors, but added that there are realistic barriers and that the government can help by softening them.

Indian investor Kushal Bhagagi said in a report on X that Goyal was right about ambitions and lack of deep technological startups in India. “We just don’t meet with enough founders who do something really deep technology or go for big ambitious problems,” he said.

He attributed it to India’s technological talent, leaving the country to work in American firms and the lack of deep technology founders to study and inspire.

The minister’s comments also received the media analyzing various travels of Indian and Chinese startups.

The journalist wrapped Kumar wrote The Business Standard newspaper, which in 2023 only 5% of Indian startup financing was included in the deep technology sectors, compared to 35% in China. He also noted that Beijing actively promoted high-tech innovations-in 2024 he reduced $ 361 billion for high-tech firms, including $ 80.7 billion on research and development.

Y en editorial Published on Monday, the newspaper also noted that startups in India are more due to consumption focused on using technology to solve local problems, rather than global, creating fundamental models.

It was stated that there were 4000 startups with deep technologies in India, and by 2030, the number would jump up to 10,000 by 2030 and quoted a NASSCOM report, which states that in 2024, in 2011, it attracted $ 1.6 billion, which noted an increase of 78% per year.

But there is still a long way.

“As the deep technological race intensifies in the world, it is clear that India will have to do a lot to catch up with these countries,” the editorial board said, adding that Goyal’s comments should “serve as a call for startups and investors, as well as the government.

“This may include the creation of deep-tech innovative funds, the creation of strong academic bridges and the stimulus offer for faster developments in the equipment, AI, biotechnological and pure energy,” the statement said.

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