This post is inspired from the latest interview of Rajesh Sawhney
(@rajeshsawney), the former CEO of Reliance Entertainment with Esha Chhabra (@esh2440), writer and social entrepreneur.
It was quiet motivating to know that Rajesh Sawhney has decided to break away from films and return to tech by building an Indian incubator with global reach.
This will surely excite and ignite budding minds to think about starting their own markets. This interview is an eyeopener to Indian youths who want to be the trend setters in Indian economy.
GSF, transforming thinkers into creators, is now partnering with global institutions and that should be a great move. As Sawhney points out , it’s tempting for many entrepreneurs and investors to focus solely on India because the opportunities are ripe for the picking.
But a newly formed startup company will surely look for an indigenous market rather than a global one to achieve a stand. If they want to play global they will need to first establish their roots.
Amidst these transformations, the Indian markets and policies are always welcoming foreign companies. The main question is will the Indian market accept them or degrade them as "Student Projects". And if they bang the market will they be able to keep up with the pace of giant industries ? How to surpass these hurdles is a question faced by the newbies.
But, don't these trends seems to deviate and a saturation is awaiting at the other end?
When the like minded startups emerge they will compete for the markets and in this 'survival of the fittest' companies will be thrown into a battle. This will either prompt the companies to experiment or play a safe game.
If they choose to go experimental then the chances of risk emerges.
"Relentless experimentation is what leads to innovation, and smart start-up eco-systems reduce the cost of trials to zero and enable this to happen. " Sawhney says.
Experiments can take the companies to a new level and flourish the markets. This will help talented entrepreneurs in India to seize the markets.India will have a lot to contribute to global markets.
If the experiments fail and the venture capitalist/private equity funds are at stake.The lack of institutional capital can pull down the companies. The failure of a startup can make the investors rethink about the reliability of startups and can make the market unstable.
But in this acquisition of markets, the startups should focus on establishing its reign in global markets too. GSF have helped about 25 companies to gather the strength to enter the global market.
But when the startups compete with each other in Indian market with out going global, it may affect the economy. If this goes on and the number of newbies increases the Indian market will be divided between them. And a slight calamity can bring down these small markets and will smash each other.
Will the Indian economy search for foreign investors once again? Is there a possibility that divide and rule policy will be seen again in Indian soil?
Don't you think that the educational system should also undergo a renovation to promote the students and take away the fear of failure . If you could suggest what would be your opinion about these renovations ?
To read the full interview please check out this link:
