1 min read.Updated: 15 Jan 2022, 01:58 PM ISTLivemint
When India completes 100 years of independence, start-ups will have an important role and the country's innovators are making the country proud globally, PM Modi said
This decade is being called as 'techade' of India to strengthen the innovation and entrepreneurship, he said
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Interacting with over 150 startups on Saturday as part of Azadi ka Amrit Mahotsav, Prime Minister Narendra Modi has declared that January 16 will be celebrated as 'National Start-up Day'.
The prime Minister also said, “start-ups are going to be the backbone of new India. When India completes 100 years of independence, start-ups will have an important role. Country's innovators are making the country proud globally."
Start-ups are going to be the backbone of new India. When India completes 100 years of independence, start-ups will have an important role. Country's innovators are making the country proud globally: PM Modi pic.twitter.com/aggRwUZs0X
He further noted that, “this decade is being called as 'techade' of India...to strengthen the innovation, entrepreneurship and start-up ecosystem have important aspects like liberating entrepreneurship, innovation from govt processes, bureaucratic silos."
PM Modi also said, "India's startups are now working in 55 different industries. Five years ago, India didn't have even 500 startups! Today, that number has crossed 60,000."
Believing in the ability and creativity of youth, the Prime Minister said, is the base of development of any nation.
"India, today, believes in its youth and is making policies in line with the same," PM Modi added.
The event is a part of Azadi ka Amrit Mahotsav, "Celebrating Innovation Ecosystem" and the Prime Minister is interacting with more than 150 startups on Saturday via video conferencing.
According to Prime Minister's Office (PMO), the event is being hosted by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, from January 10 to 16. The event marks the 6th anniversary of the launch of the Startup India initiative.
The aim of the interaction is to understand how startups can contribute to national needs by driving innovation in the country.
It further said that the Prime Minister has been a firm believer in the potential of Startups to contribute significantly to the growth of the nation.
"This was reflected in the launch of the flagship initiative Startup India in 2016. The government has worked on providing an enabling atmosphere for boosting the growth and development of Startups," it added.
The PMO said that this has had a tremendous impact on the startup ecosystem in the country, and has led to a staggering growth of unicorns in the country.
(With inputs from agencies)
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