Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Tuesday, 25 December 2018

OUR START-UPS CAN CHALLENGE THE WORLD - GIVEN POLITICAL WILL


In Fortune 500 list of the World's Largest Companies , only 7 are Indian !

Not surprising considering that for over 70 years , our successive governments ( both at the Centre and the States ) , have left no stone un-turned to ensure that our companies do NOT grow BIG !

And even those 7 are puny when compared with the top 10 !

I have repeatedly said :

Those who think in terms of a " Space SHIP " , will never manage to go beyond even our own solar system !


Only way to " go where none has gone before " , is to cut the Gordian Knot and let loose our Start Ups / Entrepreneurs , by getting out of their way



Amitabh says : Grow  Big


In yesterday’s Hindustan Times , Shri Amitabh Kant ( CEO – NITI Aayog ) expressed his personal views in :



Extract :
How can India capitalise on its growth potential ?

·      Achieving size and scale are prerequisites for the economy to be highly competitive and innovation driven.


·      To do this, Indian companies must have the capability to emerge as global champions and penetrate global markets.


·      These companies will also help create the requisite jobs needed for India’s young population


·      Large, formal firms drive income and efficiency. With scale, companies can lower per unit costs and compete in global markets thereby raising their own standards.


·      The prevalence of large firms is a key characteristic of well performing economies and sectors.


·      There are certain good practices that large enterprises imbibe in economies, which is a vital reason why large enterprise in India must expand and broaden.



·      Competition and innovation are critical factors driving growth.


·      For India to reach the next stage in its economic trajectory, the government’s task is to create a supportive, enabling environment for firms to grow and achieve scale.


·      Only by facilitating champion companies can India fulfil its growth potential and move to the next rung in its development

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As always , Amitabh does not mince words and hits the nail on the head   !


Only yesterday he said :

“ We need to incentivize domestic funding in our Start Up movement, not tax them .

This is necessary as we do not tax venture capital ( VC ) funds . …a serious concern is the decline in seed stage capital by 20 % ……..seed capital is extremely important to nurture entrepreneurial innovation and is often the riskiest investment “


Here is cause for concern :

2017  >  Firms raised Rs 8.6 L*crore thru debt market and Rs 1.6 L* crore from equities

2018  >  Rs 5.1 L*crore thru debt market and Rs 78500 crore from equities


Earlier as the architect of “ Make in India “ initiative and now busy fostering a positive / healthy competition among the States when it comes to “ Ease of Doing Business “ , Amitabh has championed many reforms


But “ reforming “ an entire ECONOMY of our country is an ongoing / everlasting ,“ Work in Process “


And , as far as “ Growing Big “ is concerned , I have sent following suggestions in the past :

AGENDA FOR REFORMS                                                     [  Oct 2015  to  March  2018  ]


Transport : an Integrated Logistic Plan ? ………………………………[  20  Nov  2018  ]


Only Answer : a Statutory Warning    ……………………………………[  10  Nov  2018  ]


Foundation of Economy  ………………………………………………………….[  03  Nov  2018  ]


Will China save the World ?  ……………………………………………………[  21  Oct  2018  ]


Costing Plays a Key Role  ………………………………………………………..[  18  Oct  2018  ]


Climate Conundrum ?  ……………………………………………………………..[  10  Oct  2018  ]


Ayushman Bharat : Think Big  ………………………………………………….[  23  Sept  2018  ]


Crossing the Seven Seas - 7 C   ……………………………………………….[  10  Sept  2018  ]



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25  Dec  2018














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