‘India is a hotbed of technological innovation’ – 30 quotes on India business opportunities

Launched in 2014, StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week (see the previous edition here). Share these 30 gems and insights from the week of September 12-18 with your colleagues and networks, and check back to the original articles for more insights. See our special compilation of quotes related to India’s coronavirus response here.

As India further develops as a digital economy, healthy collaboration among communities, states, and local governments will play a key role in maximizing the full potential of technology. – Archana Sahay, Dell Technologies

Where the US and China allowed the private sector to control data governance and Europe looked to regulation to control data governance, India is building out techno-legal infrastructure to do this in new and exciting ways. – Rahul Matthan, Trilegal

The large corporations have realized the importance of the contribution of the MSME ecosystem to India’s GDP. – Ankit Jain, Aksum Trademart

Enterprise workforce upskilling is a supercritical need, however, the sector remains highly fragmented. – Mayank Kumar, upGrad

The sheer diversity and brilliance of every sub-cuisine in the subcontinent is something that the world has yet to experience. – Krish Ashok, ‘The Masala Lab’

Room Air Conditioners (RAC) penetration in India is among the lowest in the world at 7-8% of households. – BL Bothra, EDPL

Small cities can be a treasure trove for businesses due to the numerous advantages they provide, such as low rental costs, lower operational costs, less competitive brands, and the availability of a talent pool. – Farman Beig, Wat-a-Burger

For smaller towns to engage with brands is still aspirational, which helps in a steady flow of business if you select the right set of locations. – Rajat Agarwal, Barista

Smaller cities require a lower number of outlets and take less time to gain traction, visibility, and overall revenue generation is more positive in a shorter amount of time. – Nidhi Singh, Samosa Singh

Tier II-III cities are difficult to penetrate for brands that intend to focus solely on delivery-based business because these areas have yet to mature in terms of accepting cloud-based deliveries. – Sarvesh Chaubey, The Biryani House

Please make the interface your own mother tongue to reach out to people beyond Tier I cities, where most of the people are. – Anil Agrawal, DPIIT

Demand for organized retail is growing, more so in Tier II and III cities. However, a majority of brands struggle to expand their offline presence and tap into this massive opportunity. – Rahul Chowdhury, Stellaris Venture Partners

There is a clear need for a patient-centric, care delivery platform that can power care delivery across the ecosystem. – Ashish Garg, Zyla Health

Hardly 2% of newborns are getting a newborn screening test leading to 25,000 avoidable deaths every year. – Manoj Gopalkrishnan, Algorithmic Biologics

India does not have a common database when it comes to the paperwork —like title deeds—concerning the purchase of real estate. – Sanjay Mandava, Landeed

Buildings account for nearly a fifth of India’s CO2 emissions. About 51% of our population is projected to live in cities by 2047. – Prasad Vaidya & Janani Venkatesh, IIHS

Cameras are used, along with AI, to identify poachers and illegal wood-cutters, and monitor wild animals, especially tigers and leopards that may enter human settlements. – Rushikesh Chavan, The Habitats Trust

If a lot of youngsters start opting for the developmental sector as their career options, the face of the country will change in the next two to three years. – Himanshu Goenka, Muskurahat Foundation

We have witnessed abundant societal changes in the last decade, including normalizing women’s financial independence and late marriage. – Anuradha Gupta, Vows for Eternity

Digitization of small fleet operators is the need of the hour for India. – Rajesh Yabaji, Blackbuck

A large chunk of fuel stations in India will be digitized where a vehicle will just have to fuel up and drive on. – Luke Sequeira, Numadic

India is well poised for smart building and smart city technologies and can become a leader. India has talent and expertise. – Vijaya Bhargav, Ostraca

India has come a long way in the last eight years in promoting entrepreneurship. – Ujwal Kalra, ‘Startup Compass’

Over $131 billion was invested in Indian startups in the last eight years. It is important to ensure that the benefits of India’s startup boom accrue to everyone. – Deepak Bagla, Invest India

The common man of India is hungry and ambitious, and the sky is the limit with the right mentorship and capital. – Namita Thapar, Emcure Pharmaceuticals

By allowing startups to self-declare compliance with various labor laws, the Indian government has made it easier for businesses to comply with labor rules. – Suma RV, KSK

The valuation of technology companies has come down since the Paytm IPO. This, followed by a drop in liquidity and attrition, has impacted secondaries of deemed-public companies. – Ranjit Jha, Rurash Financials

In the current highly competitive landscape of startups and numerous ideas, student have the potential to build great companies. – Suresh Narasimha, Cocreate Ventures

India is being recognized globally for its innovation and tech as more startups emerge from here and quickly establish a dominating global presence. – Bhaskar Majumdar, ‘Everything Started as Nothing’

India is a hotbed of technological innovation, with so many SaaS companies clamoring for a modern analytics partner to help take their growth to the next level. – Sudheesh Nair, ThoughtSpot

YourStory has also published the pocketbook ‘Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups’ as a creative and motivational guide for innovators (downloadable as apps here: Apple, Android).

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