Tech entrepreneurs hit back at Goyal’s remark on startups – The Times of India Trending Global News

In response to Union Commerce Minister Piyush Goyal’s Jibe Indian startup Focus on food delivery And rather quick commerce Deep technology innovationAnd comparing with China’s progress, Zepto co-founder and CEO Adit Palicha offered a strong rebuttal. He strongly defended the quick commercial sector, citing the impact of Zepto – built 1.5 lakh jobs, paid more than Rs 1,000 crore in taxes, and depicted more than $ 1 billion in FDI.
Palicha wrote on X, “It is easy to criticize consumer internet startups in India, especially when you compare them with deep technical excellence being made in the US/China,” Polyicha wrote on X.
Goyal had rapidly criticized the region, urging startups to urge “delivery boys and girls” to shift to focus such as semiconductors, robotics and AI. “Do we want to make ice cream or chips? Is the shopkeeper hi Karna?” He asked.
In the same startup Mahakumba incident in New Delhi, G20 Sherpa Amitabh Kant warned to become a “technical colony” against India and emphasized the need to invest in innovation to protect sovereignty.
Bharatpe founder Ashner Grover said that nets require a reality check. “China had earlier also distributed food and then developed for deep technology … maybe for politicians, the time to aspire for 20%+ economic growth rate for 20 years before cheating today’s job creators,” he wrote on X. “Perhaps it’s time to change ‘public discourse’ from history to science!”
Former Infosys CFO TV Mohandas Pai also hit back, asking what he had done to develop deep -technology startups. “Chip design, robotics, EV charging, etc. have many startups, but where is the capital?” He asked. “Long-term investors still do not invest despite your efforts … AIF flow is down, RBI bothers foreign investors, and PSU-run buses will not buy even when we have technology.”