Starting up India
Apropos of the column “Addressing the unique talent needs of start-ups” (FE, November 16), it is correct that of the several difficulties that start-ups face in India today, perhaps the trickiest one can be finding the right talent. Clearly, a start-up—with its few years in the market and low glamour quotient—is rarely ever the first choice for career seekers. But the good news is that this trend is changing. Recently I was in MDI Gurgaon, a business school in the NCR, where during a conference it was announced that an increasing number of young MBA graduates are either taking to entrepreneurship or are joining the start-ups they find promising. Clearly, the success achieved by start-ups such as Flipkart, Snapdeal and many others is now placing even new start-ups on the radars of students and young professionals. Here it must be added, that interestingly, many successful industry veterans—who are either looking for excitement or simply a change of scene—are also turning to entrepreneurship. Now, while business schools are doing their bit, the government should also play a more active part in “starting up” India. Towards this, while the India Aspiration Fund and the SIDBI Make in India Loan for Small Enterprises are good initiatives, we wish the effective implementation for the same begins quickly.