Brief by Shorts91NewsDesk / 01:15pm on 05 Apr 2025,Saturday Business
Indian Commerce & Industry Minister Piyush Goyal recently criticized startups for focusing on quick commerce services, suggesting they emulate China's advancements in high-end technology. Zepto's CEO Aadit Palicha responded, highlighting that Zepto has created 150,000 jobs and contributes significantly in taxes. He emphasized the role of consumer internet startups in driving innovation and attracting substantial foreign direct investment. Other industry leaders, including Mohandas Pai, also defended the startup ecosystem, urging the government to provide more support for deep-tech ventures. This debate underscores the tension between governmental expectations and the strategic directions of India's burgeoning startup sector. (PC: The Tribune)
