Union Commerce and Industry Minister Piyush Goyal has urged entrepreneurs, including Shark Tank India judges Aman Gupta and Vineeta Singh, to rethink their investment strategies and focus on high-tech industries. Speaking at the Startup Mahakumbh 2025, Goyal emphasized the need for innovation-driven businesses that contribute to India’s long-term economic and technological growth.
Addressing the judges directly, Goyal stated, “Shark Tank India needs change. Aman Gupta, change your perspective.” He criticized the trend of startups prioritizing low-value products like vegan ice creams and quick delivery services, questioning whether such ventures align with India’s aspirations for global leadership in sectors like artificial intelligence, robotics, and semiconductors.
Goyal highlighted the importance of domestic investment in fostering sustainable growth and reducing reliance on foreign funding. He called on entrepreneurs to focus on value-driven innovation and avoid short-term business models that may hinder India’s progress in emerging technologies.
The minister’s remarks have sparked discussions across the entrepreneurial ecosystem, with industry leaders responding to his critique. Shark Tank judge Anupam Mittal acknowledged the challenges faced by deep-tech startups, citing the lack of capital and ecosystem for growth and commercialization.
Goyal’s call for a shift in perspective underscores the government’s vision of positioning India as a global hub for innovation and technology. Stay tuned for updates on this developing story and its impact on the startup landscape.
