To encourage entrepreneurs and enable them to develop, experts at a panel discussion organized by the Federation of Indian Chambers of Commerce and Industry (FICCI), Gujarat, emphasized making a healthy startup ecosystem. The discussion was held in Ahmedabad on Saturday. Experts said that startups are centres of innovation with the potential to boost employment generation in virtually any economy.
Parag Amin, co-founder and chief mentor of iCreate, who was simply a panellist, said, “India is adding roughly a million jobs monthly to the workforce that’ll continue for the next 25 years. India may be the global buying class for the future and in the coming years, a whole lot in the sectors of manufacturing will look towards India. It is important that startups here concentrate on innovation and have the hunger to disrupt.”
About a good ecosystem, Chirag Patel, former president of TiE, said, “In the event that you create the best ecosystem, talent gets moulded the appropriate way that is essential to a startup. One must learn to deal with problems and add value, because it will determine success or failure.”
On the IT start-up scenario, Akash Bhavsar, a panelist, said, “You can find large amount of opportunities in IT and Internet of Things (IOT)-driven startups. In five years, more activities will happen in sectors like pharma and healthcare, engineering, chemical and petrochemicals.”