Reacting to Prime Minister Modi's interview with NDTV channel, where he mentioned over 1.25 lakh startups and over 100 unicorns that have provided lakhs of jobs to the youth, the founders said that tax exemptions and business simplification by the government Initiatives like reforms have supported an environment in which new ideas flourish and business grows.
VG Anil said, “Such measures have led to an increase in foreign direct investment and made it possible for new startups like us in sectors like electric vehicles (EV) and solar batteries to operate successfully and contribute to achieving sustainability in the country Is." the CEO of Pune-based energy-tech startup ARENQ told IANS.
According to industry experts, the combined value of the Indian startup ecosystem in terms of valuation is estimated to be more than $450 billion.
Karan Desai, Founder, Interface Ventures, said this growth has been possible due to several key driving factors, such as the conducive environment for startups to grow and flourish in the country, the spirit of entrepreneurship and business instilled within people at a very young age. to encourage.Forum, and others.
He said the government's efforts such as the Startup India initiative have contributed to the success of the ecosystem.
According to Ankit Agarwal, founder and CEO of Delhi-based HRtech startup Unstop, the government has started around 217 incubation centres, with a sanction of around Rs 841 crore.
"In the Atal Incubation Mission, we had around 3,500 startups which were incubated in around 72 Atal Incubation Centers across India," Aggarwal told IANS.
He further said that every state will soon have many startups and unicorns with amazing business models and innovations, which will surprise the world.In the interview, PM Modi said that these new emerging sectors like gaming and space have created a talent pool in the country, especially from smaller cities and towns.
VG Anil said, “Such measures have led to an increase in foreign direct investment and made it possible for new startups like us in sectors like electric vehicles (EV) and solar batteries to operate successfully and contribute to achieving sustainability in the country Is." the CEO of Pune-based energy-tech startup ARENQ told IANS.
According to industry experts, the combined value of the Indian startup ecosystem in terms of valuation is estimated to be more than $450 billion.
Karan Desai, Founder, Interface Ventures, said this growth has been possible due to several key driving factors, such as the conducive environment for startups to grow and flourish in the country, the spirit of entrepreneurship and business instilled within people at a very young age. to encourage.Forum, and others.
He said the government's efforts such as the Startup India initiative have contributed to the success of the ecosystem.
According to Ankit Agarwal, founder and CEO of Delhi-based HRtech startup Unstop, the government has started around 217 incubation centres, with a sanction of around Rs 841 crore.
"In the Atal Incubation Mission, we had around 3,500 startups which were incubated in around 72 Atal Incubation Centers across India," Aggarwal told IANS.
He further said that every state will soon have many startups and unicorns with amazing business models and innovations, which will surprise the world.In the interview, PM Modi said that these new emerging sectors like gaming and space have created a talent pool in the country, especially from smaller cities and towns.
