Zepto CEO Aadit Palicha has lauded PM Modi for building a strong atmosphere that benefits the startup ecosystem's growth.
Zepto CEO’s Statement
At the NDTV World Summit, Aadit Palicha said, "This is India's century. Thanks to the government's work in providing the infrastructure needed to build such exceptional companies, we are working hard to create impactful businesses in India that will employ hundreds and thousands of people and contribute to the country's economy."
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He further elaborated that the continuous cycle of innovation and job creation is a significant component of a developed economy, remarking, "With the first significant outcomes occurring in public markets, we anticipate more capital and investment flowing into the next stage of startups, creating a cycle of increased innovation, value, and high-quality job creation."
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He expressed his optimism about the conducive environment for Indian startups and said, "We're fortunate to be in a country with immense opportunities and a government that supports innovation. Most of the startup ecosystem has flourished in the past decade, from 2012 to 2024."
He further said, "India is well on its way to achieving this in the next 20 to 25 years. We're glad to see representation for tech startups and hope to encourage more entrepreneurs to start technology companies in India. This growth will benefit everyone.”
Palicha pointed to the emergence of high-quality companies in public markets, explaining that this success is a result of investments, technological advancements, and initiatives like digital public infrastructure.
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