Last year,?Karnataka topped the list of Indian states with the most ease of doing business?due to its industry-friendly policies and progressive reforms. But if you ask a Bengaluru-based?CEO, his experience wouldn't justify the tag that the state has.
A founder and CEO of a Bengaluru-based company has?shared his?frustration,?mentioning that he may have to move back to the US since he spent two months trying to register a company in the city but has failed to do so yet.
Brij Singh, who is founder and?CEO?of AI based tech firm Snow Mountain AI has said that he loves Bengaluru but has been facing difficulties in getting his company registered in the city.
"Love Bangalore/India, but I have learnt more in the last 3 days in Bay Area (San Francisco) than I could in a month back home," Singh tweeted. "Spent two months just trying to register a company in India and it¡¯s still not done."
Explaining the problem he has been facing, Singh, who has been working in the technology and finance sectors in India and the US for around two decades, said, "The solution feedback loop from potential customers, investors, and even fellow founders is at a different level. The time may be coming for me to move back to the US. And I say this with a heavy heart."
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Despite the frustration, the entrepreneur, however, added that?he has not given up on?Bengaluru?yet.
"Not giving up on anything. Just stating the facts," he wrote responding to a Twitter follower. "There are a lot of advantages in building from India for the world as well. One must learn to leverage whatever opportunities they can to execute and compete in a global market. That is the reality."
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Many users replied to the Bengaluru-based CEO's tweet by sharing their own experiences, mentioning that they got the process done much more quickly.
On the other hand, a Twitter user shares his ordeal too, saying, "Can¡¯t get a name approved for weeks; they keep rejecting for last century reasons."??
Another Twitter user said it took him four months to incorporate his business in India.??
On a lighter note, a person replied with a meme and a GIF referring to the iconic scene from the Bollywood movie DDLJ.?The Bengaluru-based CEO also replied with a similar meme.
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