MyTake

It was some five years back when I visited a Mall in Gurgaon with some friends and afterwards, thought of sharing my take on their present and future.  It was put on my blog and my friends, who read it, were skeptical as to whether what I was preempting was really something that was reality of the future. In this backdrop in all these years whenever I visited a Mall, whether in NCR, Delhi, Mumbai, Bangalore, Guwahati, Lucknow or any other small city my belief got confirmed.  Of late I kept reading stories of empty malls and some of them closing down, it started giving me a feel that business opportunities when not defended by viable research and when it is just following herd behavior, it is bound to result in what is happening in many of the cases.  And that is the challenge before entrepreneurs of all sizes and from all geographies, to respond and work on. One of the issue raised in my earlier post on sustainability of malls was that many of them were involved...

In the month of January, the prime minister of India, Narendra Modi launched Startup India Action Plan to encourage entrepreneurship and to facilitate startups. This Action Plan consists of detailed scheme of things and addresses the issues relating to obstacles which generally entrepreneurs have been facing. The bureaucratic hassles, problems in raising finances, and availability of networks to reach out to the customers have affected the conversion of idea into reality for many new starters. The fight between big and small, old and new has also been one of the deterrent to start a new venture.  Ever since the NDA Government took the office they have been pushing the industry and inviting foreign investments to boost economic growth. It has also created a positive market perception and corporates have welcomed the initiatives, though the hassles like passing of GST Bill by the parliament has posed political challenge and discouraged industry as a whole. It was around six ...