Indians, Piyush Goyal is 100% correct.
India's commerce minister said his country's startups needed to emulate China by focusing on high-end tech and not quick grocery deliveries or fancy ice cream - harsh criticism that had entrepreneurs quickly pointing out the government's shortcomings.
Piyush Goyal told a startup event in New Delhi late on Thursday that too many were offering food delivery so that "the rich can get their meals without moving out of their house" and were "turning unemployed youth into cheap labour."
"Are we going to be happy being delivery boys and girls? (Making) fancy ice cream and cookies ... is that the destiny of India?" he said, showing a slide titled "India vs. China. The Startup Reality Check".
"What do the Chinese startups do? Work on developing electric mobility, battery technology ... look at what the other side is doing - robotics, automation, machine learning, preparing themselves for 3D manufacturing," Goyal said.
India's commerce minister said his country's startups needed to emulate China by focusing on high-end tech and not quick grocery deliveries or fancy ice cream - harsh criticism that had entrepreneurs quickly pointing out the government's shortcomings.
Piyush Goyal told a startup event in New Delhi late on Thursday that too many were offering food delivery so that "the rich can get their meals without moving out of their house" and were "turning unemployed youth into cheap labour."
"Are we going to be happy being delivery boys and girls? (Making) fancy ice cream and cookies ... is that the destiny of India?" he said, showing a slide titled "India vs. China. The Startup Reality Check".
"What do the Chinese startups do? Work on developing electric mobility, battery technology ... look at what the other side is doing - robotics, automation, machine learning, preparing themselves for 3D manufacturing," Goyal said.
16 hours ago
