ET Startup Awards 2023 | Strong vote of confidence a boost for startups Inc

economictimes.indiatimes.com:

Piyush Goyal and minister of state for electronics and information technology Rajeev Chandrasekhar sounded an emphatic note of confidence on the scope and promise of Indian startups, at the ninth edition of The Economic Times Startup Awards in Bengaluru.

At an impressive event attended by founders, venture capitalists and policymakers, the two Union ministers assured that the Centre would catalyse the Indian innovation ecosystem and not create roadblocks with multiple regulations, as envisaged by Prime Minister Narendra Modi.

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“If anyone in the startup world feels laws are becoming detrimental, they can give their input on the difficulties they're facing regarding complying with the law,” Goyal said. “We’re not interfering in anyone’s business… for instance, with consumer affairs, all we want to ensure is that the consumer is protected, and not coerced into something detrimental to them.”

In response to queries on the slew of legislations covering the digital economy, Chandrasekhar clarified that “there will not be a case where there will be a Digital Competition Act, then the fear of Digital India Act, and then a Telecom Bill…I can tell you with absolute clarity and authority that all the initiatives will finally get harmonised.”

Terming the talk of the so-called funding winter as more in the mind than in reality, Goyal said good ideas would always draw in investors.