Title: Giving fancy packaging to ice-creams & cookies is not start-up: Piyush Goyal
In a recent statement at Startup Mahakumbh 2025, Union Minister of Commerce and Industry Piyush Goyal emphasized that giving fancy packaging to ice-creams and cookies doesn’t make it a start-up. According to him, it is entrepreneurship and a business model that sets a company apart as a start-up, not just the packaging.
Goyal’s statement highlights the importance of innovation and disruption in the start-up ecosystem. Many entrepreneurs may focus on creating a unique product or service, but it is the business model behind it that truly defines a start-up. In the case of ice-creams and cookies, the packaging may be fancy, but it doesn’t necessarily mean that the company is a start-up.
Goyal’s comments also serve as a wake-up call for the Indian start-up ecosystem. He noted that only 1,000 startups in India’s deep-tech space is a disturbing situation. This highlights the need for start-ups in India to focus on areas such as artificial intelligence (AI), 3D printing, and other cutting-edge technologies.
Goyal’s statement is a reminder that start-ups are not just about creating a new product or service, but about disrupting the market and creating a new business model. In the case of ice-creams and cookies, the packaging may be fancy, but it doesn’t necessarily mean that the company is a start-up.
In addition to his comments on the Indian start-up ecosystem, Goyal also highlighted the importance of entrepreneurship and innovation. He noted that entrepreneurship is a key driver of economic growth and job creation, and that innovation is essential for staying ahead in the competitive global market.
Goyal’s statement is a call to action for entrepreneurs and start-ups in India. It is a reminder that innovation and disruption are essential for success in the start-up ecosystem, and that fancy packaging is not enough. Start-ups in India must focus on creating unique products and services that disrupt the market and create new business models.
In conclusion, Goyal’s statement at Startup Mahakumbh 2025 emphasizes the importance of innovation and disruption in the start-up ecosystem. He notes that giving fancy packaging to ice-creams and cookies doesn’t make it a start-up, and that entrepreneurship and business models are what truly define a start-up. This is a reminder to entrepreneurs and start-ups in India to focus on creating unique products and services that disrupt the market and create new business models.
News Source:
https://x.com/moneycontrolcom/status/1907795297826378009
