After successfully setting up 10 exchanges across 6 continents in a short-span of just 10 years Mr. Jignesh Shah aspires to venture into his second innings with 100- times bigger business potential in Start-up industry. He also feels that it can create a greater number of jobs and opportunities in the country. He feels the Start-up ecosystem if promoted can create up to 10 crore jobs over next decade.
Jignesh Shah said
that this time he is even more confident as all court orders are absolving his
companies of all the fabricated charges one after another as no agency could
prove even a single wrongdoing on his part and or on the part of his companies.
Jignesh Shah, known
as 'India's Exchange Man' for launching 10 exchanges across six continents
including the top commodity bourse MCX, had to exit all those businesses in the
aftermath of the Rs 5,600-crore payment crisis which he says was engineered by
then finance minister P Chidambaram and his bureaucratic cronies since they
wanted to protect their vested interests in a rival exchange.
By setting up a
chain of exchanges in India and overseas, he wanted to make country the
Manhattan of the East. But that was derailed by P. Chidambaram by conspiring
against him. This resulted in the loss of a million jobs and the reversal of
the trajectory of the economy towards world leader status. Now under Modi 2.0,
Jignesh Shah hopes to be able to achieve this objective and help put India as
the Silicon Valley of the East. Instead of body shopping, the new India would
have an IP-based innovation drive, for which he would be a catalyst.
In the current scenario,
Jignesh Shah is hopeful and during his second innings he will be more active in
the Start-up ecosystem and which will not be restricted to exchange and
marketplace. "It will be a majority of IP-based field and we will be
nurturing and inspiring entrepreneurs on varied scales which will be
agriculture, genetics, robotics, to name a few. Rather than having a
monolithic structure, it will be a diverse structure with an understanding of
entrepreneurship". Jignesh Shah’s role will be of a coach vis a vis the
entrepreneurs wanting to flourish in the start-up ecosystem.
