Cosmetics & Fashion Company Falguni Nair, Founder and Chief Executive Officer (CEO), Nykaa, said on Monday that India remains in the radar of global companies with strong drivers such as a young, aspirational population, rising income levels and strong infrastructure and digital networks. Nair, who is optimistic about the future, said recent examples of corporate governance lapses in some startup companies will now lead to greater scrutiny from investors. He said that the agenda of administration will have to be decided in the initial phase of the enterprise itself.
At the same time, experts say that in view of the rapid pace of development in India, global companies are leaving China and moving towards India. This will make it easier for India to become a super power. This will increase employment opportunities in India and increase the income of the people.
He said that when a company is growing or expanding its size and scope, making any compromise on corporate governance cannot be justified. Along with this he stressed that NICA has been very strong in terms of administration. Referring to his journey as an entrepreneur, he said that this journey, which started at the age of 50, has been ‘amazing’.
He advised aspiring entrepreneurs to be inspired by their dreams and keep investing in their ventures to create sustainable value in the long term. Nair is optimistic about the growth prospects for the beauty, personal care and fashion business in India. He said government policies have also been helpful for overall growth. “As elements like rising consumption, entrepreneurship, physical and digital infrastructure come together, India is gaining attention from global companies,” he said.
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