Nithin Kamath's Induction into National Startup Advisory Council Marks Pivotal Shift in Indian Entrepreneurship Landscape

By Ritwik Ghosh,Kolkata India

Entrepreneur and businessman Nithin Kamath.

In a noteworthy development, Nithin Kamath, the co-founder, and CEO of Zerodha has been appointed as one of the 31 new members of the National Start-up Advisory Council (NSAC), a recent initiative by the Narendra Modi government. This marks yet another accolade for Kamath, who shared the news on social media, emphasizing the increasing inclination of the younger generation towards startup involvement.

Expressing his views, Kamath stated on X, “More Indians today than ever before are aspiring to be entrepreneurs thanks to government initiatives and messaging, the media coverage of the start-up ecosystem, founder success stories, and more.” He highlighted a critical aspect, urging the nation to focus on unlocking domestic capital for startups and MSMEs, thereby reducing dependence on foreign capital.

Kamath proposed exploring innovative financial instruments accessible to accredited investors or those inclined to take higher risks, fostering investments in equity or debt for startups and MSMEs. He emphasized the burgeoning appetite in India for investing in novel products and stressed the importance of retaining wealth within the country by minimizing external capital reliance.

The National Start-up Advisory Council (NSAC), instituted by the central government in January 2020, operates under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT). Headed by Union Minister Piyush Goyal, NSAC aims to cultivate a conducive ecosystem for the growth of startup companies and innovation. Non-official members, including Kamath, are appointed for a two-year term.

Other luminaries joining the startup council include Prof Amitabha Bandyopadhyay from IIT Kanpur, Karthik Reddy representing the Indian Venture and Alternate Capital Association, Prof Yogesh Singh from the University of Delhi, and Nivruti Rai from Invest India, along with presidents of various industry chambers.

In the dynamic landscape of the National Startup Advisory Council, the addition of Nithin Kamath brings a wealth of entrepreneurial expertise, signaling a promising trajectory for the future of Indian startups.

Except for the headline, this story has not been edited by Foundr Magazine India and is auto-published from a syndicated feed

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