It has already been well recognized and acknowledged globally that India is a land of opportunities. The start-ups have primarily catered to consumer internet businesses such as e-commerce, and apps for daily consumption in transport, food, travel, education and media consumption.
But with the emergence of India as one of the global service leaders, the traditional manufacturing sector’s growth has become sluggish. This is proportionately reflected in the start-ups culture here as well.
Can the Make in India and digital economy campaign boost start-ups in hardware and manufacturing domain?
The deficiency of an enabled ecosystem, labs and market testing facilities are bottlenecks to founders and investors alike in India. To add to this, manufacturing hardware is capital intensive making it even harder to enter or scale up. Hence these sectors are predominantly skewed towards gizmo geeks rather than as an enabler for creation of hardware business.
This story is from the November 2017 edition of Mad About Money.
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This story is from the November 2017 edition of Mad About Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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