Our esteemed award winners share their view on how suitable the country’s environment is for start-ups. They talk about improvements and changes that will help narrow the gap between demand and supply of talent.
CT Bureau Best Logistic Service Provider (North & East, 2017) : Sampark India Investment in R&D not up to the mark
Sanjay P Rathi, Managing Director, Sampark India, says, “For the health of start-ups in India, I would refer to the Networked Readiness Index, which depicts that India’s global ranking dropped to 91 in 2016 from 69 in 2013, according to a report co-authored by the European Business & Technology Centre and the Indian Council for Research on International Economic Relations. Though this does not indicate that India’s position is deteriorating, it does mean that the country isn’t improving its readiness compared to other countries, the report said.” He adds that innovation is not possible without investment in research and in India, investment in this field is just 0.79 per cent of the GDP compared to around four per cent invested by countries like Sweden, Denmark, and Finland. “Resultantly, though the country has introduced several policy initiatives, there remain some challenges. Unlike other countries, India does not have any policies to attract foreign start-ups. Other issues include low technology penetration in rural areas, quality of communication and broadband services, and skill shortage,” he concludes.
Fastest Growing Freight Forwarder - Air (North & East, 2017): Cargo Partner Logistics India Industry geared up, but newcomers lack zeal
Ravinder Katyal, Director Air Cargo & Head of Co-load, Indian Subcontinent, Cargo Partner Logistics India, says, “The present government has given a boost to start-ups, but this initiative has been successful in other sectors and not in supply chain or aviation. Not much enthusiasm has been noticed in the newcomers for the shipping and logistics sector. Our industry is still struggling to receive young talent.” He feels that India is geared up with technology and education solutions, and a number of private and government universities do provide courses in supply chain, but yearning from youngsters is still missing. “We, as an industry, need to create that awareness and passion in the youth to attract talent for this industry. Also, we are the fastest growing aviation industry and require huge skilled manpower specially to help this sector and the economy grow in years to come,” he concludes.
Emerging Sea Freight Forwarding Company (West & South, 2017): Nathleela Logistics India is poised to accept any technology
Capt. Sunil A Nar, Executive Director – Commercial, Nathleela Bulk Carriers, says, “India is very lucrative in terms of start-ups, and the present government’s supportive policies are also a big boost. Logistics is one sector where the government is working towards making India better in rail, sea freight, and road movement; a project like DMIC (Delhi-Mumbai Industrial Corridor) for the movement of cargo on a dedicated rail line so as to reduce freight cost and further develop India as an industrial hub is one such example. Ports are developing through public-private partnerships for better connectivity with industries. Companies like Amazon, Flipkart, and Walmart are investing in warehouses/hubs for quick transport of goods in India, as they are planning to capture the huge online market. With one billion cell phones in hand along with cheaper internet facility, India is poised to accept any technology.”