FarEye on Expectations of the Startup Community from the new government

Mr.Kushal Nahata, CEO & Co-founder, FarEye

“While initially, India’s start-up ecosystem was largely dominated by consumer-facing companies, B2B ventures are finally finding their feet now. India added 2,300 B2B start-ups in the last 5 years. With the increased focus and support from the BJP government, we are certain that the next 5 years will bring immense opportunities and growth for start-ups in fast-growing sectors like Logistics-tech, Agritech, Fintech, and Healthtech, et al.

The government should include regulations that will drive organizations to digitalize key logistics and supply chain processes. For instance, by mandating digitalization of certain key accounting, billing and logistics processes the government can ensure greater levels of compliance, at the same time organisations can improve efficiency.

We also expect the government to build integrated transportation hubs or Multi-Modal Logistics Parks that foster an invigorating ecosystem for logistics in India.”

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