Mohali 6th November
“A number of initiatives to support the country’s start-ups, including 100 billion dollars in India and around 500 Billion dollars in China have been invested for the set up of plans and their application having the scope around lakhs of people in this start up initiative”
This was said by Mr. K.S. Bhatia, Founder & CEO, Pumpkart. He was the Chief Guest in the Startup-Talk organized at Aryans Group of Colleges, Chandigarh. Mr. Ashish Grover, Co-Founder and Co-CTO, uTrade Solutions Private Ltd was the Guest of Honour while Dr. Anshu Kataria, Chairman, Aryans Group of Colleges presided over the function.
Mr. Bhatia further added that Start-up does not mean a billion-Dollar Company where thousands of people work. It is about employing even five people, and developing India.
Mr. Ashish Grover, Co-Founder and Co-CTO, uTrade Solutions Private Ltdwhile interacting with the students said that online companies such as e-commerce marketplaces and Snapdeal, along with ride-sharing company Ola, have highlighted the potential for home-grown technology successes in a country best known for capitalizing on cheap engineering talent as the world’s back office.
Grover further added that India is home to the third-largest number of technology start-ups after the United States and Britain, and they attract billions of dollars in funding every year, despite crippling government regulation and red tape – a hurdle Modi referred to in his speech.
Dr. Anshu Kataria quoted, “Those who run from water will never learn to swim. You have to drown once to be able to learn to swim.” He further added that Success of entrepreneurs depends on their ability to take risk and People who have achieved success are not just entrepreneurs but also adventurous.