1. It will be ‘decade of entrepreneurs’ in India, says Infosys co-founder N R Narayana Murthy

It will be ‘decade of entrepreneurs’ in India, says Infosys co-founder N R Narayana Murthy

Days ahead of the launch of the Centre's campaign on developing the startup ecosystem, Infosys co-founder and venture investor N R Narayana Murthy today said times are conducive to make it the "decade of entrepreneurs" in the country.

By: | Mumbai | Published: January 6, 2016 9:05 PM
Infosys co-founder N R Narayana Murthy, who runs venture investing firm Catamaran Ventures, said there is a "lot of" venture capital money available and the government is also very enthusiastic about facilitating them. (AP)

Infosys co-founder N R Narayana Murthy, who runs venture investing firm Catamaran Ventures, said there is a “lot of” venture capital money available and the government is also very enthusiastic about facilitating them. (AP)

Days ahead of the launch of the Centre’s campaign on developing the startup ecosystem, Infosys co-founder and venture investor N R Narayana Murthy today said times are conducive to make it the “decade of entrepreneurs” in the country.

“I think all the stars are in place for entrepreneurs and therefore, this is going to be the decade of entrepreneurs,” he told reporters on the sidelines of an ICSI event here.

He said there is tremendous opportunity in the country and the entrepreneurs have to be enthusiastic.

Murthy, who runs venture investing firm Catamaran Ventures, said there is a “lot of” venture capital money available and the government is also very enthusiastic about facilitating them.

He acknowledged the thrust the government is giving to the area, with the startup India initiative set to be launched on January 16.

In his Independence Day speech, Prime Minister Narendra Modi had announced a new campaign, ‘Startup India, Stand up India’ to promote bank financing for startups and offer incentives to boost entrepreneurship and job creation in the country.

Minister of State for Finance Jayant Sinha had later said that Modi will announce a slew of announcements at the launch of the campaign.

India is ranked fourth, behind the US, UK and China, when it comes to the number of startups.

  1. S
    Suryanarayanan KV
    Jan 7, 2016 at 7:52 am
    I wheartedly welcome the views expressed by NRN.
    Reply
  2. M
    Murthy Suppusamy
    Jan 7, 2016 at 1:07 am
    What kind of a Leader he is? He is self-centered. The INR ( Indian RUpee) has lost over 50% of its value against USD during past 10 years. Not a single emerging Market's currency has lost so much value. Even look at out neighbors, Saudi Arabia and UAE. How come their currency is kept stable. Why is the $350B reserve sleeping there without defending the Indian Rupee, which is sovereign et of all Indian CItizens. The 50% depreciation is the Root cause of huge inflation of consumer products during past 10 years. Why is Mr. Murthy have Never talked these fundamental flaws in the Indian Economy, have not delivered the benefits to mes, but only to few wealth individuals?
    Reply

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