Statement | ADIF supports Indian government’s focus on making it easier for businesses to exit
Over the last decade or so, much of the narrative and regulatory focus has been on the ease of starting up and doing business. With the Indian startup ecosystem being in its nascent stage, this was the right focus at the time. However, today we are the third-largest startup ecosystem and home to nearly 100 unicorns – thus there is a need to change our framing and attention to ease of exits and facilitating good exits.
India’s startup ecosystem is creating liquidity and there is a need for the cycling of this capital for investors and founders in the form of exits to propel the next stage of growth.
We at ADIF are thrilled to see that Union minister Piyush Goyal during his address at the Global Unicorn Summit focused on making it easier for businesses to exit. The Indian government’s shifting focus to making it easier for businesses to exit is extremely heartening and would greatly help build the industry’s confidence.
The true maker of prosperity for a startup ecosystem is the ease of wealth creation.
Sijo Kuruvilla George, the Executive Director of ADIF, said:
“Our founders should be able to build in India for the world. There is a need for indexing the options and opportunities available in India on par with the global ecosystems.”
ADIF is further committed to working alongside the government toward building a startup ecosystem where Indian founders are able to compete globally.