Piyush Goyal’s frustration on deep-tech is misplaced

The reply by Vijay Vithal to Piyush Goyal’s comment on the lack of interest in deep-tech startups is worth reading: https://www.reddit.com/r/StartUpIndia/comments/1js2y1s/piyush_goel_i_am_a_semiconductor_startup_founder/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button&rdt=44524

The government should act as a facilitator of innovation rather than an obstructor before claiming the moral high ground. Over-bureaucratization is the main reason why we do not have a strong deep-tech ecosystem. It is not that we lack brilliant people in the government.

Speaking of water resources management in India. During the British period, engineers not only built great dams and irrigation canals but also made significant theoretical contributions. Ernest Lacey held a low-ranked engineering position in the Indian Irrigation Service in the Punjab region when he published his regime theory for designing irrigation canals. Most engineers now spend all their time and energy dealing with the bureaucracy. I once met an enthusiastic engineer who, after a long conversation, told me that the system rewards those who are good at paperwork, not actual work.