Indigenous Investors Weekly Insights!
Top 3 well curated stories from the stable of Indigenous Investors incase you missed them. These can range from finance to sports, depends on what made the headlines. Stay tuned.
This week, we cover the following-
Story #1: Nagpur, Lucknow, Jaipur lead next wave of realty boom in emerging cities (click here)
Colliers, a real estate consultancy firm evaluated the growth parameters of several emerging cities based on 5 parameters - physical infrastructure, social infrastructure, demographic growth, economic development, and real estate dynamics. Cities with a well-established ecosystem and strong future growth potential, driven by development initiatives from both government and private sectors, achieved higher scores in the assessment.
Colliers has analyzed eight major expressways, including the Nagpur-Mumbai Expressway (Samruddhi Mahamarg), Ahmedabad-Dholera Expressway, Jaipur-Delhi Expressway, Meerut-Delhi Expressway, Delhi-Chandigarh Expressway, Delhi-Agra (Yamuna Expressway), Bhopal-Indore Expressway, and Lucknow-Agra Expressway (Purvanchal Expressway), along with the cities and their impacted micro-markets.
Story #2: CFOs still want Ease of Doing Business and GST simplification (click here)
India is at a turning point and we need to have a sharp focus on investments, not just FDI but private CAPEX. The government has pumped in money on infrastructure projects but the country will not be able to achieve scale unless private CAPEX follows.
CFOs believe that the bureaucracy does not see them with the kind of lens they should and stressed on the complexities and challenges faced with customs infrastructure. There is need of standardisation of procedures across states and call for structures to be more inclusive with more startups mushrooming everyday.
CA Aniket Talati, former President of ICAI, criticised the attitude of government towards businesses. Due to a handful of people committing scams with bogus GST invoices, a larger pool of people are facing problems on a daily basis because the government is putting everyone under the scanner. Also, the confusion surrounding GST and abrupt policy changes result in many investments failing and businesses closing.
“Policy consistency is crucial, and there must be accountability in its implementation. Waking up one day and declaring the entire industry should suffer due to a sudden change in law is unacceptable.”
Story #3: How startups are cashing in on the virtual Kumbh rush (click here)
Startups working in the Spiritual space are like Sri Mandir, Astroyogi, Utsav, etc. have ramped up their offerings in this 45 day period of Maha Kumbh with different offerings like AR/VR Aartis, Ganga Jal and similar items to give devotees an experience of not feeling left out of the grand occasion. Some startups are also offering pitru tarpan (offerings to the deceased) through their dedicated video calls with pandits feature.
The new offerings of these startups are helping them with publicity leading to higher sales and app downloads.