Friday, March 29

Reduce The Size of The ‘Government’, But Do Not Compromise on the ‘Governance’- Nirmala Sitharaman at SRCC Business Conclave

New Delhi- SRCC Business Conclave 2016, first day has been concluded.  Session’s about the new skill set and mindset of the entrepreneurs, entering the world of Start-ups was discussed including founder’s like Mr. Ankit Bhatt (Founder, MapMyIndia), Mr. Kashyap Deorah (Author, ‘Golden-tap’), Mr. Rajesh Gupta (CEO, Fresh Falsabzi), Mr. Ankur Warikoo (Founder, Nearbuy), Mr. Saurabh Kochar (CEO of FoodPanda).

The most heavyweight Panel Discussion was followed by an interactive session between Mr. Rajdeep Sardesai and Mrs. Nirmala Sitharaman, throwing light on the government’s role in galvanizing new ideas, and encouraging start-ups.

Saurabh Kochar, CEO of FoodPanda –

“India has more than 3 crores of small and new businesses, all they need to think about is whether their ideas are big enough or not. Thinking about funding or valuations should always be secondary.

Reasons that the start-ups fail these days is because someone decides not to show up next morning. Don’t stop because you don’t have funding for your ideas. Stop only when you think someone has already taken your idea forward and made it even more successful.”

 

Rajdeep Sardesai –

“Mr. Modi came into power as a change-agent, he talks the talk, will he walk the talk? Why does he not just go out there and say it out loud that he’ll cut half a dozen ministries?”

 

Nirmala Sitharaman –

“I think the principle on which this government has come onboard is to reduce the size of the ‘Government’, but not compromise on the ‘Governance’. And that is why this is termed as the ‘big-turn’. Less government, more governance.”

 

 

Follow-up Day 2 with some of the very interesting session with Mr. Nitin Gadkari, India’s Transport Minister and Mr. Sunil Mittal (founder of Airtel). You can also tweet using  #BizInTheAir.