Co-founder of Infosys, Nandan Nilekani, spoke concerning the abundance of alternative or what he known as the ‘tyranny of alternative’ by way of the avenues for entrepreneurs. He agreed that huge and small power are profitable avenues, however for various causes.
Talking with Nikhil Kamath on the podcast ‘Folks by WTF’, Nilekani was requested what he would recommend to a 20-year outdated with a capital of Rs 1 crore.
“I believe I’ve by no means seen so many alternatives. I believe the power for younger folks right now to create profitable corporations has by no means been larger. However I am confused with too many alternatives… There’s something referred to as the tyranny of alternative. You recognize, there’s so many issues to select from,” he informed Nikhil Kamath.
“So half of your life is spent deciding what to not do. So that you chip away and take away stuff out of your factor and deal with just a few issues. However the alternative is large,” he mentioned.
Kamath requested Nilekani if he needed to choose a sector, which wouldn’t it be. “Like proper now we’re listening to numerous defence is huge power. Transition is huge, like I personally have been researching what to do in power transition for a 12 months,” revealed Kamath.
Nilekani agreed to power transition being the subsequent huge factor. “Any outlook on that sector or any contained in the power transition is large. It will contain trillions of {dollars}. However the place do buyers generate profits within the personal markets? It isn’t clear as a result of power transition is a giant capital sport, proper? I imply, constructing huge photo voltaic vegetation or stuff. There’s huge power and little power. Huge power is the grid. Little power is 1000’s of houses having batteries and rooftop photo voltaic. So the precise alternative is in little power the place there’s a number of gamers,” mentioned Nilekani, including that the query is how can one make it environment friendly and create the markets there.