[ 142 ] | START-UPS
try independent of other nations while growing at both social and economic levels. Considering all the sectors of India, it is an undeniable fact that the Indian chemical industry is the largest and referred to as the backbone of the Indian economy. The chemical industry is huge and diverse and consists of companies of various sizes ranging from startups, small-sized, mid-sized, large and multinational companies. The journey FOUNDER & CHIEF towards making India self-reliant is posSCIENTIFIC OFFICER, sible only when there is an equal growth CARBANIO.COM opportunity for all the companies. On a broader scale, the key to selfreliance is not just confined to improving the resilience of social and economic sectors, but there is a need for innovation that will help us emerge as an Aatmanirbhar country and a superpower among the world nations. Only start-ups can bring in a fresh, innovative idea that can change the course of many sectors. Hence, the growth of start-ups is not Success of ‘Aatmanirbhar Bharat’ can be achieved only when just for the economic benefit but also innovations and futuristic visions. start-ups are given equal opportunities to grow and evolve One such example of a start-up that filled the operational gaps and streamlined the chemical procurement process atmanirbhar Bharat, launched in the mid of across the nation is a company called 2020 is Indian Prime Minister Narendra Modi’s Carbanio.com. This start-up tried to vision to make India self-reliant. Self-reliance update the obsolete methodologies and of any country is important to strengthen its technologies used in the chemical ineconomic development, thereby, reducing its dustry with a new, innovative idea of dependency on other nations. The contrary is exactly what digitization that organized the entire led to the slump in the Indian economy during the complete chemical procurement process and oflockdown in China due to the rapidly spreading COVID-19 fered a seamless experience for both the pandemic. The most hit sector due to China’s lockdown was chemical buyers and sellers. the Indian chemical industry which incurred a huge loss. Like Carbanio, which is recogFurthermore, the Indian chemical industry being so nized by the government of huge and supporting various other sectors lead to a India and recently making surge of the nation’s economy as a whole. national and international “The growth ofstartTo recover the Indian economy from already headlines, if other startups is not just for the suffered losses and further strengthen it to face ups gain such support economic benefit but even the worst scenario, it is important to make and growth momentum also innovations and India self-reliant. It is possible only when indiit would strengthen the futuristic visions” vidual, small and start-up businesses regain and chemical sector which endure a high growth momentum. The success of will eventually strengthen ‘Aatmanirbhar Bharat,’ can be achieved only when the entire economy of the start-ups in the chemical industry are given equal opcountry. portunities to grow and evolve. In light of the growing emphasis on making India Aatmanirbhar; it can Redefining the roles of chemical start-ups be achieved only if start-ups are selfMaking India ‘self-reliant’ is a step towards making our coun- sufficient with the ability to grow and
DR. RAFI SHAIK
START-UPS TO MAKE INDUSTRY AATMANIRBHAR
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