In September 2015, when Prime Minister Narendra Modi visited Silicon Valley, a bunch of entrepreneurs were invited for a dialogue. Orchestrated by the Confederation of Indian Industries, the elite group was called to discuss what would make India tick for innovators. To the disappointment of many, the crowd was not large enough. Hence, the prime minister ended up spending less than the stipulated time. When he arrived, he said, “Every successful person I ask, they say they went to Singapore, London, Switzerland…Nobody stays in India.
Listen and Move
When wishes became horses–PM Modi’s Silicon Valley playbook
Invited entrepreneurs, asked them to make a wish each. On 1 April, one wish was granted. Could this be a template for the future?
Why do so many successful Indians set up their businesses overseas, wondered Prime Minister Narendra Modi
Bothered by this, he asked some entrepreneurs for a wishlist
Weak patent protection and poor financial incentives on IP creation came up as one pesky issue
The PMO moved fast. The solution arrived on 1 April. But is that enough to keep the innovators in India?