PM Modi Interacts with Over 150 Startups: Ahead of Budget 2022
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15 January, Mumbai: 2022
The interaction between the PM and the startups held today aimed to understand how startups can successfully contribute to the nation’s needs.
This is the 6th momentous year of the government’s flagship initiative Startup India which has at large unleashed animal spirit & helped build a global ecosystem, so much so that today India boasts of being the 3rd biggest Start-Up eco-system.
India has for the 1st time come in the global innovation index in the first 50 nations. The system is brimming with confidence been mirrored by almost one unicorn per week been witnessed last year. Not only unicorns, soonicorns and decacorns are in the making today, which has only accelerated in the pandemic serving as fundamental to the universe of startups in India.
KEY HIGHLIGHTS
- Interaction aimed at understanding how startups can successfully contribute to the nation’s needs
- This is the 6th momentous year of the government’s flagship initiative Startup India
- The movement has led to a staggering growth of unicorns in the country
- The PM interaction today has involved broad-based divergence across sectors
India rapidly moving towards the 100-unicorn mark
Fact Sheet
With 42 new Indian startups joining the "unicorn club" last year. Hon'ble PM alluded during the interaction, "Our are startups changing the rules of the game. That's why I believe startups are going to be the backbone of new India, he further emphasises that the golden era of India's startups is starting now,".
The PM interaction today has involved broad-based divergence engaging startups from different sectors, viz agriculture, health, enterprise systems, space, industry 4.0, security, fintech, and environment.
Just to put it in quick perspective," More than 150 startups have been divided into six working groups dependent on the criteria of themes entailing something like Growing from Roots; Nudging the DNA; From Local to Global; Technology of Future; Building Champions in Manufacturing; and Sustainable Development,” enunciated by the Prime Minister’s Office (PMO) as in overarching objective.
The modus operandi as envisaged goes like this," Each group will make a pitch/ presentation to Hon'ble PM Modi.
The engagement/ interaction between the PM and the startups fundamentally aims to understand the underlying logic & logic of how startup/s can successfully contribute to the nation’s needs and how best the policy intervention at this juncture can catalyze harnessing this when we are sitting for the announcement of Union Budget 2022.
The PM’s Office alluded as has been over & over and again that," I am been a strong believer & advocate in the potential that startups hold in making valuable contributions to the growth and development of the nation and fuelling meaningful employment.
The reminiscing glory & success of the momentous past few years, the PMO added, “This has had a remarkable impact on the startup ecosystem in the country besides being economic growth multiplier, and has definitively led to a staggering growth of unicorns in the country helping it move up the global value chain.”
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