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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