Aman Gupta sides with Piyush Goyal’s comments on Indian startups to focus on deep tech
New Delhi, Apr 06 (PTI): boAt co-founder Aman Gupta has come out in support of Commerce and Industry Minister Piyush Goyal's recent remarks urging Indian startups to focus more on deep-tech innovation. Gupta's comments come amid an ongoing debate within the startup ecosystem where several founders have countered Goyal's critique of consumer-focused ventures like food delivery and luxury goods startups.
Gupta took to social media platform X to echo Goyal's call for startups to move beyond consumer-centric models like food delivery and fantasy sports apps and instead prioritise technologies like artificial intelligence, robotics, and quantum computing.
"It's not every day that the government asks founders to dream bigger. But at Startup Mahakumbh, that's exactly what happened. I was there. I heard the full speech. Hon. Minister @PiyushGoyal Ji isn't against founders. He believes in us. His point was simple: India has come far, but to lead the world...we need to aim higher.
"It reminded me of something I say often on Shark Tank India, If you want to build a world-class product, you must know your competition. That applies to India too," Gupta wrote.
The minister, during the inaugural of Startup Mahakumbh on Thursday, asked the Indian startup community to shift their focus from grocery delivery and ice cream making to high-tech sectors like semiconductors, machine learning, robotics, and artificial intelligence.
He had questioned Indian food delivery startups for turning unemployed youth into cheap labour.
"Are we going to be happy being delivery boys and girls... Is that the destiny of India...this is not a startup, this is entrepreneurship... What the other side is doing -- robotics, machine learning, 3D manufacturing and next generation factories," Goyal said, showing a slide titled "India vs China. The Startup Reality Check".
The minister had pointed out that only 1,000 of India's 1.57 lakh recognized startups operate in deep-tech spaces-a situation he described as "disturbing" given India's aspirations to become a developed nation by 2047.
Startup founders including Zepto CEO Aadit Palicha, Zoho founder Sridhar Vembu, and Paytm founder Vijay Shekhar Sharma have countered Goyal's comments.
Gupta, however, said pitching the country against China is a smart strategy.
"Benchmarking against China, the US, or anyone else -- isn't weakness. It's a smart strategy. We're already the 3rd largest startup ecosystem in the world and the fastest-growing major economy. But if we want to be No.1, we need to also go deep into AI, deep tech, climate, mobility, and infra. We need LLMs and innovation stacks that compete on global standards.
"And to make that happen, we also need Scientific risk, More patient capital, Founder-policymaker collaboration and a long-term national vision," Gupta wrote.
It’s not every day that the government asks founders to dream bigger.
— Aman Gupta (@amangupta0303) April 6, 2025
But at Startup Mahakumbh, that’s exactly what happened. I was there. I heard the full speech. Hon. Minister @PiyushGoyal Ji isn’t against founders. He believes in us.His point was simple: India has come far,… pic.twitter.com/bA4ontAz1M
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Cong takes swipe at PM over India not being part of US-led 'Pax Silica' grouping
New Delh (PTI) The Congress on Saturday said it is perhaps not very surprising that India is not part of a US-led strategic initiative to build a secure silicon supply chain, given the "sharp downturn" in the Trump-Modi ties, and asserted that it would have been to "our advantage if we had been part of this group".
Congress general secretary in charge of communications Jairam Ramesh took a swipe at Prime Minister Narendra Modi, saying the news of India not being part of the group comes after the PM had enthusiastically posted on social media about a telephone call with his "once-upon-a-time good friend and a recipient of many hugs in Ahmedabad, Houston, and Washington DC".
In a lengthy post on X, Ramesh said, "According to some news reports, the US has excluded India from a nine-nation initiative it has launched to reduce Chinese control on high-tech supply chains. The agreement is called Pax Silica, clearly as a counter to Pax Sinica. The nations included (for the moment at least) are the US, Japan, the Republic of Korea, Singapore, the Netherlands, the United Kingdom, Israel, the United Arab Emirates, and Australia."
"Given the sharp downturn in the Trump-Modi ties since May 10th, 2025, it is perhaps not very surprising that India has not been included. Undoubtedly, it would have been to our advantage if we had been part of this group."
"This news comes a day after the PM had enthusiastically posted on his telephone call with his once-upon-a-time good friend and a recipient of many hugs in Ahmedabad, Houston, and Washington DC," the Congress leader asserted.
The new US-led strategic initiative, rooted in deep cooperation with trusted allies, has been launched to build a secure and innovation-driven silicon supply chain.
According to the US State Department, the initiative called 'Pax Silica' aims to reduce coercive dependencies, protect the materials and capabilities foundational to artificial intelligence (AI), and ensure aligned nations can develop and deploy transformative technologies at scale.
The initiative includes Japan, South Korea, Singapore, the Netherlands, the United Kingdom, Israel, the United Arab Emirates, and Australia. With the exception of India, all other QUAD countries -- Japan, Australia and the US -- are part of the new initiative.
New Delhi will host the India-AI Impact Summit 2026 on February 19-20, focusing on the principles of 'People, Planet, and Progress'. The summit, announced by Prime Minister Narendra Modi at the France AI Action Summit, will be the first-ever global AI summit hosted in the Global South.
Prime Minister Modi and US President Trump on Thursday discussed ways to sustain momentum in the bilateral economic partnership in a phone conversation amid signs of the two sides inching closer to firming up a much-awaited trade deal.
The phone call between the two leaders came on a day Indian and American negotiators concluded two-day talks on the proposed bilateral trade agreement that is expected to provide relief to India from the Trump administration's whopping 50 per cent tariffs on Indian goods.
In a social media post, Modi had described the conversation as "warm and engaging".
"We reviewed the progress in our bilateral relations and discussed regional and international developments. India and the US will continue to work together for global peace, stability and prosperity," Modi had said without making any reference to trade ties.
