Takeaway: The dependence on technology and the growth of a business goes sideways. Many decades back, when the technology was not much advanced, we could not spot the startups as much as we can do now. The facility of building your startup from scratch was available to only a few, as not much support and resources were provides to them.
But now, we can see there is a massive turnover in the field of startups. The startup ecosystem of India is expanding faster than ever! More and more youth are planning to start a business on their own. This is positive news for a country like ours where development is still in progress.
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Do technology and business goes along?
When we interviewed Saumil Kohli, an IT professional from Chandigarh, he said, “By creating more, the country would grow economically, but startups will solve our country’s major problem, and that is unemployment! Startups help is providing employment to youth as more and more people would be required for the establishment of such companies. On the other hand, the fierce youth with a strong determination in their eyes will help the nation grow.”
He further adds, “SMEs in Chandigarh is growing faster than ever. With the advancement of technology, one can see immense growth in various sectors, whether small or large. Technology helps connect people in no time, making people understand each other’s business and make the work field better for one another.”
When we talk about IT companies, you can think of Infosys, Wipro, Tech Mahindra, etc. They are giants in this field, but besides them, there are many more. Saumil also mentioned, “The IT sector is growing rapidly. Due to the presence of various IT companies in North India for refreshment and experience, it has become a much sought after profession. Chandigarh also joined the race and became the second-largest technology center.”
Acceptance of technology by SMEs in Chandigarh during the COVID crisis.
While the economic downturn put the brakes on many small businesses’ growth, it opened up new Verma avenues. “To overcome the need for cutting edge, the major players sought new cost-cutting technology and went to our company to grow them at less expensive equipment,” Verma said.
For budding entrepreneurs, the key to success lies in innovation, says Verma, who has previously changed many jobs in her quest for opportunities to put her designs into machines.
He started his own company in 1991 in Panchkula in Haryana by investing Rs 10 lakh. He says that he never bought any bank loans or got support from foreign institutions. His out-of-the-box idea was to persuade General Motors in 1998 to replace the four-dimensional machines that reduced the cost of the big car.
“Due to COVID-19 pandemic, SMEs have started adopting technology at a never before pace in Chandigarh. A large number of people were forced to shut their regular businesses and connect via various means of technology. Video call meetings became the new normal, and selling and buying of goods became online too. This led to the acceptance of technologies in Chandigarh via various SMEs,” adds Saumil Kohli.
Conclusion
While technology may mean different things to different people and businesses, it would be safe to say that each of us relies heavily on technology in his or her life.
Whether it uses consumer-enabled IoT or AI-enabled televisions, new-age technologies have affected every aspect of our lives. Not surprisingly, growing businesses in all sectors rely on technology to grow faster, reach more markets and gain customers faster.
If we look at sectors such as logistics, manufacturing which is traditionally unknown through the use of new technologies, technologies with business platforms, coworking spaces in chandigarh that contribute to the sector’s rapid growth.
