Blinkit's Ambulance Initiative: A Game-Changer in Quick-Commerce?

Commerce and Industry Minister Piyush Goyal emphasizes the importance of legal compliance for Blinkit’s new 10-minute ambulance service pilot in Gurugram. The government monitors quick-commerce sector practices while supporting startup growth and return to India. Market forces influence startup valuations without government interference.

The recent endeavor by Blinkit to introduce a 10-minute ambulance service pilot in Gurugram has raised discussions on regulatory compliance. Commerce and Industry Minister Piyush Goyal highlighted the necessity for such services to adhere to legal standards, ensuring no laws are violated.

Addressing concerns from small retailers about quick-commerce practices, Goyal noted the government's observant role, noting actions taken by the Competition Commission of India against anti-competitive behaviors. He stressed that startup valuations are subject to market dynamics, unaffected by government intervention.

Reiterating India's investment allure, Goyal expressed satisfaction over startups returning to India, attributing this to supportive government policies. He underscored the investor confidence in India's thriving stock market. The minister invited feedback to facilitate easier transitions for startups re-establishing operations in India.

(With inputs from agencies.)