Vijay Shekhar Sharma Praises Government for Boosting Indian Startups at JIIF Conclave
New Delhi, India, July 6: Vijay Shekhar Sharma, the founder of Paytm, commended the Indian government for creating a supportive environment for startups. Speaking at the JITO Incubation and Innovation Foundation’s (JIIF) Innovation Conclave, Sharma highlighted the significant progress made under Prime Minister Narendra Modi’s leadership.
Sharma said, “Under Prime Minister Narendra Modi’s leadership, now is the opportune moment for startups to launch and thrive. The current environment offers unprecedented opportunities, with the government consistently recognizing and rewarding the entrepreneurial spirit of India’s youth. The startup ecosystem is flourishing at an extraordinary pace, placing the country on a robust development roadmap to 2047.”
He noted that India’s startup ecosystem, now the third-largest globally, is realizing the dreams of countless entrepreneurs and introducing innovative business practices. Sharma also mentioned the government’s initiatives for startups to explore new areas like artificial intelligence (AI) to develop ideas that simplify and revolutionize day-to-day life.
“The last 10 years of the government had a very positive impact on the infrastructure front, whether you look at connectivity in the country, road connectivity or airline connectivity, in a way infrastructure has been,” he added.
The JIIF Innovation Conclave, themed “Ideas to Impact: Cultivating Innovation and Entrepreneurship,” was also attended by Aadit Palicha, Co-founder and CEO of Zepto, and Sanjeev Bikhchandani, Founder of Infoedge. The event attracted over 300 angel investors, 100 startups, 30 unicorns, and numerous international investors, offering a unique platform for entrepreneurs to engage with investors and industry experts.
Aadit Palicha shared his journey of transforming a local grocery project during the pandemic into a company valued at Rs 30,000 crore in just three years. “Reflecting on the past three years of building Zepto, the journey of two college dropouts creating a company valued at Rs 30,000 crore in just three years could only happen in one country in 2024: India,” Palicha remarked.
