Union Commerce and Industry Minister Piyush Goyal stirred controversy this week after urging Indian startups to pivot from service-led models like food and grocery delivery to high-tech innovation in sectors such as semiconductors, robotics, and AI. Indian startups need to focus on tech, not grocery delivery and ice creams: Piyush Goyal Piyush Goyal , at Startup Mahakumbh 2025, said that luxury consumer brands created by the children of ... Piyush Goyal says Indian startups have a promising global future. He spoke at FICCI's Foundation Day. He expressed optimism about India 's economic growth. Goyal referred to his recent startup remarks. He challenged the current startup scene at Startup Mahakumbh 2025. He urged entrepreneurs to rethink their ventures. His comments sparked reactions from founders and investors. Union Minister of Commerce and Industry Piyush Goyal , at the inaugural ceremony of the second edition of Startup Mahakumbh in Delhi, made a sharp critique of India 's startup ecosystem, urging entrepreneurs and investors to rethink their business models and focus on sustainable growth and deeper innovation.
