India Now Seen as Destination for Innovation, Digital Transformation
India is now increasingly seen as a destination for innovation
and digital transformation mainly due to some of its recently launched
initiatives like 'Startup India' and 'Digital India', American entrepreneurs
and venture capitalists from the Mid-West have said.
"India is now being viewed increasingly as a destination
for innovation and digital transformation," said Bala Palamadai, president
of TiE Midwest and founder-CEO of Bizofit during a meeting of TiE Midwest
Chapter on Thursday.
The Consul General of India in Chicago, Dr Ausaf Sayeed, said
the ambitious 'Startup India' programme launched by Prime Minister Narendra
Modi aims to fill gaps in the economy for the growth and development of
startups and to boost digital entrepreneurship at the grassroots.
"'Startup India' has brought lots of positivity among the
entrepreneurs in India and as of now India has the third largest number of
startups globally," he said.
Neeru Arora, chief information officer and chief knowledge
officer, Aon Corporation, elaborated the role of her organisation in promoting
entrepreneurship.
Narendra Kale, who has contributed in formulation of policies
pertaining to startups and innovation in India, narrated his own journey of
becoming business person by following a disciplined approach and taking risks
while promoting entrepreneurship in his life.