In a conversation with EFY’s Yashasvini Razdan, the Foundation’s Chairman and Former HCL Co-founder Ajai Chowdhry advocates for SMEfriendly incentive schemes and stresses on developing a VC ecosystem for hardware
One of EPIC Foundation’s goals is “Transforming India into an electronics hardware product nation.” Aren’t we already well along that path, with the numerous policies that the government has introduced?
I have seen many Indian brands vanish despite favourable government policies for manufacturing. Now, that’s a very terrible situation to be in! At a time when the government has come up with great policies for manufacturing products in India, the question that remains is, how many Indian companies are benefiting from it? A few Indian companies, like Dixon and VVDN, manufacture for others, but a lack of Indian products globally is evident. This is not a good situation for a large country like India; we must have our own product ecosystem.
So, how is EPIC Foundation working to build India’s product ecosystem, and who funds these activities?
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