Mohandas Pai Slams Piyush Goyal's 'Dukaandari' remarks what he did as minister to increase the depth technical Indian Startups | Company Business News

Trade and Industry Minister Piyush Goyal flew the Indian startups on Thursday and asked them to shift their focus from food delivery programs to technology as in China. Goyal’s criticism delivered a sharp response from the former Infosys CFO, which argued that India did not have enough opportunities to expand its starting ecosystems. Piyush Goyal made the remarks on Thursday while setting up Mahakumbh. Here is an extensive version of what happened. Mohandas Pai exploded Piyush Goyal during his speech, Piyush Goyal pulled up a slide that compared India’s startups to those in China. The slide shows that Indian startups focus on food and grocery delivery programs and ice cream and sports fantasy apps, among other things. In comparison, Chinese startups deal with EVs, semiconductors, AI and other such high-tech industries. Mohandas Pai, who took a Jibe at Goyal, said he should not “reduce” the Indian startups, adding that it was “bad comparisons”. “These are bad comparisons. India also has in all areas, but they are small. Minister @piyushgoyal should not belittle our startups, but ask himself what he did as a minister to grow deep techniques in India? It’s easy to point fingers at them, ‘he said. “We have not allowed a hostile @finminindia @nsitharaman that has been plaguing on angel tax for many years to invest donations, insurance that still does not invest, while doing @rbi harassment overseas investors on remissions and AIFs, which they treat badly, cos fe. ”Asked the former CFO of Infosys. Look at his post here: Piyush Goyal Chides Indian Startups During his speech Thursday, Piyush Goyal said food delivery programs turn unemployed Indian youth into delivery staff for the rich. “What is the beginners of India today – we are focused on food delivery programs, which turn unemployed youth into cheap labor, so that the rich can get their meals without moving out of their home,” he said. He asked the Indian boot community to shift their focus from “groceries delivery and ice -making” to the high -tech sector such as semiconductor, machine learning, robotics and artificial intelligence. “Are we going to be happy to be deliveries boys and girls … is that the fate of India … It’s not a start, it’s entrepreneurship … what other side does -robotics, machine learning, 3D manufacturing and factories in the next generation factories,” he said. Piyush Goyal further noted that the new startups should focus on preparing the country for the future. “Should we make ice or chips?” he asks. “Dukaanaari Hello Karna Hai (we just want to sell things),” he asked. The minister emphasizes the need for raising domestic capital investments, which states that a strong basis of indigenous investment is of the utmost importance to reduce the dependence on foreign capital and to ensure long -term economic resilience.