Drilling the Minister of Commerce in the discussions of Indian emerging Sparks

The recent comments of the Minister of Trade in India PIIOUHOL GOYAL about the country’s ecosystem in the country has sparked a major discussion on social media and sparked strong reactions from some entrepreneurs.

In the second edition of MahakumbH, a startup led by the government last week, Goyal seemed to have a closer look at the startups for consumers in India where entrepreneurs urged exploring more technology innovations in order to help the country progress.

It mocks the rise of food delivery applications, craft brands and online betting applications in the country, and compared them to the innovations made by the “other side”, which many have taken in China.

He said that while “they” were jumping in machine learning and robots and building “factories from the next generation that could compete with the rest of the world”, startups in India still focus largely on lifestyle products such as gluten -free ice cream.

His comments sparked a wave of reactions from senior creators in India, where some were arguing that he was only encouraging creators to be more ambitious and others called unfair criticism of the ecological ecological system, a major shareholder in the country’s economy.

Joyal is certainly praised the speed that new companies in the country have appeared, as India praised as the third largest environmental system to start operating in the world. He also urged Indian investors to do more to support Indian creators.

But it seemed that he wanted to see more, and faster.

The minister said: “We must be ready for development and learning. (If) we want to be greater and better, then we must be bolder and we must not fight from competition.”

At some point, the audience – who is full of projects and investors – asked – “Do we want to make ice cream or chips (semiconductors)?”

Aadit Palicha, the co -founder of Zepto, was quickly calling the minister.

In a publication on X, he argued that it was the internet companies for consumers like him who have created innovation in the field of technology, in India and the world.

He pointed out that Amazon – an internet company for consumers originally – has expanded the cloud computing scope while adult players in artificial intelligence today, such as Facebook and Google, internet companies for consumers as well.

Indian investors urged Internet companies’ support for consumers so that they can grow and use their profits to create more ambitious innovations.

Mohandas Pai, a prominent investor of owners, told the news Channel Economic Times that there is a scarcity of capital investment in startups in the field of deep technology from government and private players.

He explained that the investors made a line of startups that focus on the lifestyle because they gave quick returns.

Deep technology innovations take a long time to develop and require expensive infrastructure. “People are not ready to bear long -term risks. We need long -term money for the patient (for emerging companies in the field of deep technology to flourish),” he said.

He also said that regulatory restrictions on foreign investment in Indian startups were hurting innovation.

He added: “startups in the field of deep technology is also struggling to find a market,” citing an example of an Indian company that was recently pioneering a quick cargo battery for buses, but did not find its products.

Many social media users also talked about the challenges they faced when they tried to start their technical works.

Some said they struggled to obtain loans, and others highlighted high import taxes on some foreign raw materials and equipment, while others talked about the unnecessary red tape that made obtaining documents and approvals a nightmare.

But some entrepreneurs defended the minister as well, saying that his comments were sensitive and largely achieved from the reality of the ecological ecosystems.

Virnika S, the founder of the Proxy App Proxy Gyan, agreed that the future leadership of India for the global economy depends on artificial intelligence and semi -conductivity, but added that there are realistic barriers to do so and that the government can help it by mitigating them.

Indian investor Kushal Bahjaya said in a post on X that Joyal was right about ambition and lack of deep technology companies in India. “We are not only meeting enough of the founders who really do something deep technology or pursue great ambitious problem data,” he said.

This attributed this to the talent of Indian technology that left the country to work in American companies and to the scarcity of deep technology founders to learn from them.

The Minister’s comments also obtained the media that analyzes various trips from Indian and Chinese startups.

Journalist Abhigit Kumar books In the Business Standard that in 2023, only 5 % of Indian operating financing financing entered into deep technology sectors, compared to 35 % in China. He also pointed to how to upgrade Beijing with the activity of high technical innovation-in 2024, it reduced 361 billion dollars of taxes and fees for high-tech companies, including 80.7 billion dollars in research and development cuts.

in Editorial The newspaper was published on Monday, and the newspaper also pointed out that startups in India are more driven by consumption, and focus on using technology to solve local problems on a large scale instead of this global by creating constituent models to break the path.

He pointed out that India currently has 4000 startups in the field of deep technology and that this number is expected to jump to 10,000 by 2030, and quoted the Nasscom report that he said that deep technology matches in India attracted $ 1.6 billion in financing in 2024, which represents an increase of 78 % on an annual basis.

But there is still a long way to go.

Al -Tahrir said: “With the intensification of deep technology race in the world, it is clear that India will have to do a lot to catch up with these countries,” adding that Joyal’s comments should “serve as an invitation to work” for startups and investors as well as to the government.

“This could include the creation of innovation boxes in the field of deep technology, building strong bridges to start the Oscar and offering incentives for the fastest developments in devices, spontaneous organization, biotechnology and clean energy,” she said.

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