Ban On Chinese Apps-an opportunity for Indian startups

Ban On Chinese Apps-an opportunity for Indian startups

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The Indian government had banned 59 Chinese apps on Monday(i.e,29th June 2020) which included some of the popularities like Tik-Tok, UC Browser, Helo, etc. The government’s decision to ban these apps was provoked by rising border tensions between China and India, and also the complaint regarding the apps had been stealing user data and surreptitiously sending it to servers outside India, without any official authorizations from the Indian government.
Technology has played a pivotal role — be it work from home or online classes or digital payments. Certain experts feel that this could be the ideal opportunity for Indian startups and perhaps their time to shine.

Vijay Shekhar Sharma, CEO and founder Paytm, said that this could bring a “digital revolution.” He took to Twitter and said, “Bold step in the national interest. A step towards Atmanirbhar App ecosystem. Time for the best Indian entrepreneurs to come forward and build the best by Indians, for Indians!”

Indian tech startups on Tuesday lauded the government of India’s decision to ban as many as 59 Chinese apps, saying the move will help boost the Indian digital ecosystem, and make the country more Aatmanirbhar’, or self-sufficient, in line with Prime Minister Narendra Modi’s latest call-to-action.

The ban could result in a loss of millions of dollars for the Chinese companies, various unnamed sources told media publications in India. But their loss is India’s gain, say homegrown tech startups that view this as an opportunity to gain traction and emerge as better alternatives to these popular Chinese apps.

As tech startups like Trell, Chingari, and Roposo ready to take advantage of this opportunity and lead the Digital India revolution, investors too are taking stock of this opportunity for new homegrown innovations.

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