PM declares 16 Jan as startup day; says golden era of startups has just begun

New Delhi: In a symbolic increase to India’s rising startup ecosystem, Prime Minister Narendra Modi on Saturday introduced that 16 January might be celebrated as Nationwide Startup Day.

Interacting with over 150 startups throughout the Startup India Innovation Week organised by the Division for Promotion of Business and Inside Commerce (DPIIT), theEV charging infrastructure, defence manufacturing, chip manufacturing provide and drone trade

“For this tradition of start-ups to succeed in the far-flung elements of the nation, it has been determined to have fun January 16 as Nationwide Startup Day”, a press release by the Prime Minister’ Workplace quoted him as saying.

Noting that 42 startups turned unicorns final yr, Modi stated: “Right now India is quickly transferring in the direction of hitting the century of the unicorns. I consider the golden period of India’s startups is beginning now.” At present, India has round 82 unicorns.

The startups, categorised beneath six teams, gave displays to the Prime Minister on six themes — ‘rising from roots, ‘nudging the DNA’, ‘from native to international’, ‘expertise of future’, ‘constructing champions in manufacturing’ and ‘sustainable growth’.

They shared concepts and inputs on varied sectors together with knowledge assortment mechanism in agriculture, making India a most well-liked agri-business hub, boosting healthcare via use of expertise, tackling difficulty of psychological well being, selling journey and tourism via improvements like digital excursions, ed-tech and job identification, area sector, amongst others.

Through the assembly, Modi additionally outlined the measures taken by the federal government to help startups within the nation, together with programmes like Startup India, eradicating issues of ‘angel tax’, simplification of tax process, arranging for presidency funding, permitting self-certification of 9 labour and three atmosphere legal guidelines and elimination of greater than 25 thousand compliances.

He additionally identified indicators and numbers which present a progress within the startup ecosystem. Modi stated that in 2013-14, 4,000, patents have been accepted, whereas within the final one yr alone, greater than 28,000 patents have been granted. Within the yr 2013-14, about 7,0000 emblems have been registered, in 2020-21 greater than 2.5 lakh emblems have been registered, the Prime Minister added amongst different parameters.

He additionally talked about that India has now reached to the forty sixth spot within the international innovation index, up from the 81st rank.

The Prime Minister was of the view Indian startups can simply make it to the worldwide stage and attain different international locations and informed the younger entrepreneurs: “Do not simply hold your desires native, make them international. Bear in mind this mantra — let’s Innovate for India, innovate from India”.

Modi additionally urged many areas the place the startup fraternity can play a serious position together with EV charging infrastructure, defence manufacturing, chip manufacturing provide and the drone sector.

Noting that the brand new drone coverage has led to curiosity amongst a number of on drone targeted startups, the Prime Minister stated that the Indian Military, navy and air power have given 500 crore value of orders to drone startups. He additionally talked about ideas together with ‘stroll to work’, built-in industrial estates and sensible mobility as potential areas.

“From rural financial system to ‘Business 4.0’, each our wants and our potential are limitless. Funding on analysis and growth associated to future expertise is the precedence of the federal government at the moment,” he stated.

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