And is now sold to foreign funds. Am I thinking too much or our liberal FDI policies are leading to sale of all our successful startups to foreign owners.
We should question ourselves as to why our own electronics industry is limited to assembling foreign maal instead of domestic prototyping and brand building. Chinks took all our smartphone, and most of the electronics segments because there it is much easier to source components for prototyping and R&D and along with their state sponsored industrial overcapacity, they're able to wipe out industries elsewhere around the globe.
Smartphone and computer markets are sealed, you cannot match the price at which they sell, and nobody will invest in hardware either as compared to a turd Powered by AI.
If you want to compete it has to be in greenfield sectors like TWS, Thats what (((boAt))) does, they are a (((brand))) but they're mainly an import-n-sell operation, even assembly in India is done rarely.
There is this other trend of your foreign brand walas having an autistic reliance on specific suppliers of the slit-eyed and bat-munching variety, now these suppliers have to setup shop in India and produce the components, local Indian firms are not prefered by brand walas( think Apple ), chinku is love, chinku is life.
So the only option is for Indians to work in chinku component manufacturer's shop, then rejine and start his own business where he does the same component manufacturing but for much cheaper at the same quality, this is how chinku did it with Japanese, Korean, Taiwanese etc foreign suppliers in ancient times.