Govt earmarks 1L cr to push innovation in FY25
A conscious strategy led India’s
emergence in the global startup ecosystem, says PM
NEW DELHI: Prime Minister Narendra Modi on
Wednesday said the government has earmarked 1 lakh crore in the coming
financial year to harness the growing power of innovation and entrepreneurship
of young people in making the country a developed one by 2047.
Speaking about the
success of his government Startup India intiative, he said startups are now
visible across sectors from food to health to communications to services with
young people converting ideas into businesses. They will even make a dent in politics, he added.” I believe , at
the time of 2029 elections there would at least 1000 startups that would
providing services to political parties.”
This is he dream this is
the spirit this the Shakti (power)…”, he
added referring to Congress leader’s comment on Shakti that has turned
controversial .”That’s why some person says, I will destroy this (Shakti)…”
Modi was addressing an audience of innovators, incubators and entrepreneurs at
the Startup Mahakumbh, held in New Delhi from March 18-20. The event ( this is
the first edition) is important because it has been launched at a time when
India is working on roadmap for Viksit Bharat (developed India) by 2047, he
said.
There has been a
conscious strategy that has led to India’s emergence in the global startup
ecosystem beausee the government took right decisions in the right time, Modi
added, recalling the lukewarm response he initially received when he launched
campaigns Startup India and Standup India.My intent was to make it attractive
for young people “he said. Almost a year after coming into the power, Modi in
his Independence Day speech on August 15, 2015 spoke about promoting
entrepreneurship at the grass root level through the two campaigns.
The Startup India
initiative was launched on January 16, 2016 with an aim to transform India into
a country of job creators instead of job seekers. According to the government’s
data. India is the world’s third largest startup ecosystem with about 1.25 lakh
government recognized start-ups.
“Startup India provides
a platform to innovative ideas and
connect them with sources of funds. It sets up incubators in educational
institutions.. gradually, it gave facilities to young people of Tier-II and
Tier-III towns to incubate their ideas. Today, the entire country can say with
pride that our startup ecosystem is not just confined to large metros,” Modi said, adding that it
is now ingrained in social culture across more than 600 districts.
“When something becomes
part of culture, it become unstoppable,” he said. Indian start-ups are
everywhere he added with some working in more than 50 areas of a sector
recently opened up to private companies, space. Modi rattled off numbers to
show the depth and spread of Indian startup ecosystem.” India is the the third
largest startup ecosystem with 1.25 lakh start-ups involving 1.2 million young
people who are directly linked with them. We have more than 110 unicorns and
our startups have filed about 12000 patents”.
0 Comments