It is said that a nation which can take care of it start-ups is bound to grow in the near future. Keeping this in mind under the leadership of Mr. Narendra Modiji, there have been many reforms which provide protection to start-ups, however, one of the start-ups which are facing a tough time right now are the Indian hardware start-ups. Unlike their counterpart software start-ups who are having a great time with a steady growth, hardware start-ups are nearing even more difficult days ahead.
As regards angel investors and big multinationals if given a choice of investing in a start-up, there most obvious choice without a doubt happens to be a start-up software company India. There are reasons for this, as India is the most engaging software provider to almost the entire world.
Not that effort have not been made in order to uplift the start-ups in Hardware but the competition still prevails and hardware start-ups fail to remain as tempting for an investor than the software start-ups. According to Vaibhav Chhabra who studies in Boston, happened to return to Indian in the year 2013 says that in spite of working hard to bring the hardware start-ups to a level similar to software start-ups , it hasn’t shown any positive results. There are many challenges and impediments which stop from fostering growth in this field. Few of the bottleneck which is causing problems are poor infrastructure, poor distribution system. Secondly, the competition is fierce; there are cheaper counterparts which seem to be more attractive to the Indian consumer. A lot can be blamed on the Chinese products which are being dumped into the Indian market that too at a very low price. This has pulled the demand from Indian made products to Chinese made products.
Regulatory compliance is yet another