India destination for innovation, says TiE

Business Seminar participants

Business Seminar participants

CHICAGO: India is now increasingly seen as a destination for innovation and digital transformation mainly due to some of its recently launched initiatives like ‘Startup India’ and ‘Digital India’, American entrepreneurs and venture capitalists from the Mid-West have said.

“India is now being viewed increasingly as a destination for innovation and digital transformation,” said Bala Palamadai, president of TiE Midwest and founder-CEO of Bizofit during a meeting of TiE Midwest Chapter here.

The Consul General of India in Chicago, Dr Ausaf Sayeed, said the ambitious ‘Startup India’ program launched by Prime Minister Narendra Modi aims to fill gaps in the economy for the growth and development of startups and to boost digital entrepreneurship at the grassroots.

“‘Startup India’ has brought lots of positivity among the entrepreneurs in India and as of now India has the third largest number of startups globally,” he said.

Neeru Arora, chief information officer and chief knowledge officer, Aon Corporation, elaborated the role of her organization in promoting entrepreneurship.

Narendra Kale, Serial Entrepreneur and Founder of Bhau Institute, Pune,
who has contributed to formulation of policies pertaining to startups and innovation in India, narrated his own journey of becoming business person by following a disciplined approach and taking risks while promoting entrepreneurship in his life.

Among others who addressed the event were Piyush Singh, CEO, Terrene Labs, N. Shridhar, Mg. Director, Pegasus Fininvest Advisory & Director Hiranandani Group, Ms. Nin Desai, CEO, Nin Ventures and .

There was a lively question-answer session at the end of the seminar.

Madhu Patel

Tags: