The Prime Minister of India, Shri Narendra Modi, today inaugurated the Start-up Mahakumbh event at Bharat Mandapam in New Delhi. During the event, he walked through an exhibition and addressed the attendees, emphasizing the importance of the Start-up Mahakumbh and outlining India's roadmap towards becoming a developed country, or Viksit Bharat, by 2047.

The Prime Minister highlighted India's making a mark in the IT and software sector in the last few decades and underlined the emerging trends of innovation and start-up culture.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : RBI imposes monetary penalty on Shriram Finance Limited

The Prime Minister expressed satisfaction over the growth of the startup ecosystem in the country due to the right policies. He recalled the initial reluctance and indifference towards the concept of startup in society. Innovative ideas found a platform over some time under Startup India, he said.  He commented on the development of an ecosystem through connecting ideas with funding sources, and incubators in academic institutions which gave facilities to the youth of tier 2 and tier 3 cities.

Read Also : Railway Ministry reforms recruitment process via digital technology inclusion

During a recent speech, the Prime Minister of India highlighted that their country has the third largest startup ecosystem in the world, with 125,000 startups that engage 1.2 million young people. He encouraged entrepreneurs to be diligent about filing their patents quickly. In addition, the GeM portal has provided over 20,000 crore rupees to businesses and startups. The Prime Minister praised the youth for exploring new areas and expressed how the startups launched on the policy platforms have reached new heights today.

 

 

Read Also : Bank of Baroda Shares Slip Amid Margin Pressure and Slower Deposit Growth