Jayant Sinha, State Civil Aviation’s Union Minister, this week urged entrepreneurs of India to develop services and products that will resolve the issue of our very own. India must generate its own achievement stories on the lines of worldwide behemoths such as Alibaba, Google, or Tencent, he claimed. “When we resolve problems of India, we will resolve problems of the world as well. We must solve the issues of our very own,” Sinha claimed, talking at “India Ideas Conclave 2017,” organized here by India Foundation.
Entrepreneurs of India must develop services and products for domestic requirements, he claimed. “For the reason that if we expand it for our people, same services and products will be employed in all other regions,” Sinha claimed to the media in an interview. He further added that if we require being the leader in the 21st century, the country has to turn out to be an industrial engine.
India has previously showed its capacity in different segments, the Union minister claimed to the media. “India has the best and cheapest motorcycles and telecom services. There is a revolution taking place ahead of us. India today uses more mobile data in comparison to any other nation comprising China,” Sinha claimed. “We have to make our own Facebooks, Googles, Tencents, and Googles,” he claimed.
“We speak of ‘unicorn.’ It is a firm with market capitalization of 1 Billion Dollars. We must not be happy speaking of unicorns, we must speak of super unicorns with the capitalization of 10 Billion Dollars. We must not be happy with the thought of super unicorns, we must think how to create mega unicorns with the value of 100 Billion Dollars,” claimed the minister. “If we build firms of that extent, we will consist financial leadership, and that is how we will give financial chances to all our people,” Sinha claimed.