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A year ago, the United States-based nonprofit Business Week called Sri Lanka a “blessed nation” and a “credible place to do business”.
The magazine has since expanded its profile, and this week the magazine gave Sri Lanka an “A+” for its business policies.
Its Business Week India section has also seen a number of business launches.
The magazine, which also has a sister publication in Singapore, also recently launched a new feature called the Business Summit, which gives its writers an opportunity to tackle business-related issues from a global perspective.
In its latest Business Summit issue, the magazine looked at the challenges of being a tech startup in the country.
This included finding an “elevated startup” in the market, the challenges in getting support from the government, and the challenges around “dumbing down” the market.
While the magazine did not delve into specific strategies for Sri Lanka, the insights it offered were interesting.
The company that launched the magazine’s Business Summit in 2016 was an international tech startup called A-Star.
It had previously launched an app called Flipkart, but its app didn’t sell very well.
“The Flipkarts app has a similar appeal to A-star’s app: a simple, clean, and easy-to-use app,” the magazine said.
“In other words, it’s the same app that people have used to purchase products on Flipkarten and then use that app to make purchases.
So, it was a great app for them.”
A-STAR’s app, which has now grown into FlipkART, is a “perfect fit” for the magazine.
In a similar way, the company has seen success with its “business portal” business model, which aims to “bring more transparency to the Indian online retail ecosystem”.
“This is the way to bring more transparency into the Indian market,” the company told Business Week.
The portal’s platform enables its customers to buy products from “more than 1,000 merchants, and it allows them to search by price, price range, and availability”.
The portal also enables customers to search for products by their local location, as well as by “brand, brand name, or category”.
The platform also enables consumers to create a “store” on the portal, where they can purchase products and services from “customers who are outside India”.
“Our goal is to bring this type of transparency to India,” said A-STARS co-founder and CEO Nirmal Dhanabadi.
“There’s a lot of companies that don’t do this kind of transparency, and we wanted to help them do it.”
Dhanabsi said that the portal also had “some challenges” as a result of the lack of government support.
“It’s not easy to build this platform, and I think it’s difficult for government to get involved,” he said.
Dhanabisays that he hopes the portal’s success will pave the way for “more government support to facilitate these kinds of things”.
“There is definitely a lot to be done.
I think the portal is a great example of what the country can do if we’re focused on it,” Dhanabi said.
As the number of startups has increased, so too have the challenges they face.
“We need to change our mindset in terms of what we want to achieve and what we’re willing to put up with,” Dhamnasaid.
“But the way we have to do that is to create more opportunities for startups.”
With all the tech startups, there’s a lack of support for the startups’ growth, he said, adding that “there’s not enough funding to keep the startups going”.
The Business Summit has also launched a series of business incubator programmes in India.
The initiative aims to support startups and other small businesses in their early stages, and has been designed to help “bring in talent, raise capital, and build businesses”.
“We have some success, and that’s why we’re in India,” Dhanaisaid.
But the publication pointed out that the incubators “don’t help in any way when they’re looking for money.”
“They’re basically looking for entrepreneurs and business partners,” the publication said.
The publication added that the success of some of the incubator schemes “has been attributed to a lack in funding”.
“The lack of funding is the main problem we have.
We need to do something about that,” Dbhansaid said.
It is also not the first time the Business News has published a “Business Summit” on India.
In December 2016, the publication also launched “The Entrepreneur”, a three-part series on India’s entrepreneurial culture.
“I think the Business Outlook has done an excellent job of covering some of our challenges, but I think that there is more to be learnt from the Business Business Summit,” said Pramod Rajagopal, the author of the