The absolute farce that is Indian startups at Davos

another way to waste taxpayers money!

These MOU's are good for nothing. Its all likely that under political pressure, these corporates would have gone there to sign a MOU.

a few years back i read a report - remember all those global summits by bengal? a few years back , they signed up Mou's for billions of USD with dozens of companies. This is a usual yearly activity. There was a report saying only 1, just 1 company , some Jindal jute related business actually made the investment, for some 130cr. no one else turned up.

Last year, TN CM went to spain and signed an MOU with ROCA. The highlight in this is, they already have a factory in karur( a place in TN) and their head office is in chennai.

In our country efforts matter, not results. In politics , corporate and real life.

This is honestly weird and quite sad

Let us not blame only the bureaucrats. In this case, the blame could also lie at the end of the attention seeking founders who prefer a LinkedIn post or a news feature on Davos over building what matters

Sorry to say this but leave if you can. I can't hence ignoring this and focussing on whatever I can build and grow

All states are doing it and claiming that they are bringing in the investments. And signing mou's with indian companies only. Literally waste of taxpayers money. I can understand that if any foreign company is investing but it's all indian companies only. Politicians really think citizens of India are stupid.

None what they claim will be true while they are in power. They just went there to collect their quota of money directly into Swiss bank.

Agreed it’s like that…why don’t you take this as an opportunity to first build relationship and then once you gain trust from the ministries, share your thought with them…that instead of going half way around the globe, we should have such in Bengaluru or Hyderabad that way both can save costs and you can show in assembly that so much of cost saved and make in India 🇮🇳 also accomplished…which they can proudly display. Mention to them this way and see how things change. We must know how to bell the cat unfortunately when we have such ministers/politicians. Be a Chanakya to leverage and make things happen. Agreed as a startup founder you have a lot at stake but you do have a chance to change the way our ministries think and act.

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Davos has always been pretentious af with little value.