Need regulators as partners rather than taskmasters for startups, says Anand Mahindra
Startups in the country are “lost in the maze of existing regulations and controls that are applied to them sometimes even retrospectively”, Anand Mahindra, chairman Mahindra Group, said and called for increased ease of doing business for new enterprises.
Delivering the 4th Annual Atal Bihari Vajpayee Memorial Lecture on ‘The role of industry in building a resilient and resurgent India’, Mahindra highlighted the importance of the government and industry working in a collaborative manner to achieve scale, innovation, and global reach.
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Offering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of BusinessISB Product ManagementVisit“How about making life simpler for our innovators who are pioneers and potential unicorns?” he said. “We need regulators to work as partners and proponents rather than being seen as taskmasters. We need to encourage astronomical amounts of innovation for a resurgent India and the less obstacles there are in the way, the better.”
Mahindra said he has spoken to several startups about their issues and almost all of them mentioned existing regulations and controls. Given that the government is working on increased ease of business for investors, it would help if the policies were conducive, he said.
Mahindra is the first business leader to speak at the event hosted by the Ministry of External Affairs.
His comments come
