Title: Giving Fancy Packaging to Ice-Creams & Cookies is Not Start-up: Piyush Goyal
The term “start-up” has become a buzzword in the business world, often associated with innovative ideas, cutting-edge technology, and bold entrepreneurship. However, Union Minister of Commerce and Industry Piyush Goyal recently emphasized that simply giving fancy packaging to ice-creams and cookies does not qualify as a start-up. In fact, he believes that true entrepreneurship and a business model are what set a start-up apart from a mere business.
Goyal made these remarks at the Startup Mahakumbh 2025, an annual event that brings together entrepreneurs, investors, and policymakers to discuss the latest trends and challenges in the start-up ecosystem. The minister’s words were aimed at setting the record straight and encouraging entrepreneurs to focus on creating real value, rather than just relying on flashy packaging or gimmicks.
Goyal’s comments come at a time when the Indian start-up ecosystem is booming, with new companies emerging every day. However, despite the growth, there are still significant challenges that need to be addressed. For instance, the minister noted that only 1,000 start-ups in India’s deep-tech space is a “disturbing situation.” This highlights the need for more innovation and entrepreneurship in areas such as artificial intelligence, 3D printing, and other cutting-edge technologies.
The minister’s words are a reminder that start-ups are not just about creating a product or service, but about creating a sustainable business model that can scale and create value. This requires a deep understanding of the market, a clear vision, and a willingness to take calculated risks.
In recent years, we have seen a proliferation of start-ups in the e-commerce and food delivery space, with many companies focusing on providing convenience and affordability to customers. While these businesses have been successful, they often rely on deep-pocketed investors and do not necessarily create significant value or innovation.
Goyal’s emphasis on entrepreneurship and business model is a welcome reminder that start-ups should focus on creating real value, rather than just relying on hype or gimmicks. This requires a focus on innovation, customer needs, and sustainability, rather than just trying to attract investors or create a buzz.
In addition, the minister’s comments highlight the need for more support and resources for start-ups in India. This includes access to funding, mentorship, and infrastructure, as well as a conducive regulatory environment that encourages entrepreneurship and innovation.
Goyal’s words are a call to action for entrepreneurs, policymakers, and investors to work together to build a strong and sustainable start-up ecosystem in India. By focusing on entrepreneurship, innovation, and business models, we can create a vibrant and dynamic start-up ecosystem that drives growth, creates jobs, and improves lives.
In conclusion, Piyush Goyal’s remarks at Startup Mahakumbh 2025 are a timely reminder of the importance of entrepreneurship and business models in the start-up ecosystem. By focusing on creating real value, innovation, and sustainability, start-ups can truly make a difference and drive growth and development in India.
News Source:
https://x.com/moneycontrolcom/status/1907795297826378009
