Prime Minister Narendra Modi’s idea to ease compliances and regulations for startups was what led to “Startup India”. New Delhi’s Vigyan Bhawan, the venue where the event was being held was filled with 2000-odd startup Founders, Investors and enthusiasts alike. Over 1.5 lac people wanted to attend the event, I feel lucky that I was there to witness history in the making.
Now, for people like us, startup Founders, this had been one of the most anticipated events and looking back at it, one of the best ways to start off a new year with. The startup fraternity had been abuzz with the details of this event weeks ago because it might prove to be a game changer for fledgling companies.
It was tough to pinpoint the source of the unbridled energy because so many souls had gathered together at the same place to discuss about the startup scenario in India.
Narendra Modi pointed out once during his 45-minute talk that he had seen the Vigyan Bhawan filled up to its brim quite a number of times, but he has never encountered such massive optimism and energy that the hall was filled up with at that point of time.
We are a bunch of hopeful people, and I guess that it was our hope and love for what we do that created such an electrifying atmosphere.
From what one could gather from the entire event is that, from April, it will be easier to setup and run a startup and you will receive the government’s assistance more or less all the time.
It was a jam packed day long event. There were distinguished panel of speakers including famous startup CEOs, investors and bureaucrats. For example Adam Neumann, WeWork CEO talked about how India’s democracy “embodies regeneration”. To him it is all about redefining the world through our actions and by being content as well. On the other hand Uber CEO, Travis Kalanick talked at length about how he feels that treating people honestly and offering them joy and calm through your services would be beneficial for the business.
There were other notable Indian startup CEOs present at the event like Snapdeal Founder, Kunal Bahl, Bhavish Aggarwal, CEO of OLA, YourStory Founder Shradha Sharma, Vijay Shekhar Sharma of Paytm and OYO Rooms’ Ritesh Agarwal to name a few. DIPP Secretary Mr. Amitabh Kant moderated a panel discussion of Secretaries of all major government departments, where the bureaucrats took questions from the audience and assured their department’s support to the Start Up India initiative.
With such a wonderful outlook towards startups and the government’s desire to bolster startup growth and development and provide hindrance support is a much welcome change from the earlier regimes. Personally, I love the announcement that no interference from government for startups which will go a long way in cutting the red tape the startup world was beginning to entangled into. Hopefully, we will see more innovative startups rise to the occasion and as the honorable PM said, “Hindustan mein koi aisa zila na ho,aisa block na ho jahan koi startup na shuru ho. ‘Start up India, Stand up India.”