The Indian start-up ecosystem has the ability to transform the country into a center for creativity and invention: Piyush Goyal is an Indian businessman

17th August 2021, Mumbai:

Piyush Goyal, the Union Minister of Commerce, Industry, and Textiles, has stated that the Indian start-up ecosystem has the potential to become India the world's innovation and invention powerhouse. The Indian government wants to see new businesses flourish across the country, particularly in Tier 2 and Tier 3 areas.

It will increase job creation and enhance both forward and backward connections. During a virtual meeting of the National Startup Advisory Council (NASC), he stated that putting concepts like funding, mentorship, and taxation into action will help us develop our start-up ecosystem even more.

The Minister stated that India's start-up ecosystem reflects the energy, excitement, and agility of Indian youth and that the Startup India movement has resulted in a "shift in attitude" from "can do" to "will do." “Our start-up ecosystem has the potential and promises to make India the world's innovation and invention center, and NSAC has been diligently working to pave the road forward for India's emerging start-up entrepreneurs. He stated that the NSAC will support start-ups in their efforts to improve their competitiveness and make India the start-up capital of the world.

It should be noted that India has one of the greatest start-up ecosystems in the world, with almost 60 unicorns. In the last six months, India has created 21 unicorns. With open doors, open arms, and an open mind, he urged DPIIT to now function as a "facilitator." Many notables attended the meeting, including Rajan Anandan, MD, Sequoia Capital; Ritesh Agarwal, Founder, OYO Rooms; Manoj Kohli, Country Head, Softbank India; Abhiraj Bhal, Co-founder, UrbanCompany; Kunal Bahl, Co-founder, Snapdeal; Sanjeev Bhikchandani, Co-founder, InfoEdge; Mohandas Pai, Co-founder & Chairman.

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