Success of 'StartUp India' means that today's India is dynamic, future-ready: PM Modi

Published 16-01-2025, 04:42 pm
Success of \'StartUp India\' means that today\'s India is dynamic, future-ready: PM Modi

New Delhi, Jan 16 (IANS) This success of the 'StartUp India' initiative reflects that today's India is dynamic, confident and future-ready and the government reaffirms its commitment to continue fostering an entrepreneurial ecosystem that uplifts every dream and contributes to 'Aatmanirbhar Bharat,' Prime Minister Narendra Modi said on Thursday.

Marking the nine successful years of 'Startup India', the Prime Minister said it is a landmark initiative that has redefined innovation, entrepreneurship and growth.

"This is a programme very close to my heart, as it has emerged as a powerful way of furthering youth empowerment. Over the past nine years, this transformative programme has empowered countless youngsters, turning their innovative ideas into successful StartUps," PM Modi posted on X social media platform.

From tech-driven solutions to rural innovations, healthcare advancements to biotech breakthroughs, Fintech to EdTech, and clean energy to sustainable technology, Indian startups are solving global challenges while at the same time creating employment opportunities and boosting our quest towards self-reliance, PM Modi emphasised.

Startup India has propelled India to become among the largest and most vibrant StartUp ecosystems.

"This was when people doubted India's ability to thrive in this system just a decade ago," PM Modi noted.

The government has left no stone unturned to encourage a culture of startups.

With more than 1.59 lakh startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) as of January 15, India has firmly established itself as the third-largest startup ecosystem in the world.

From 2016 to October 31, 2024, recognised startups have reportedly created over 16.6 lakh direct jobs, significantly contributing to employment generation.

PM Modi further stated that the policies have focused on ‘Ease of Doing Business’ greater access to resources and, most importantly, supporting them at every juncture.

"We are actively promoting innovation and incubation centres so that our youngsters become risk-takers. I have personally been regularly interacting with upcoming startups," the Prime Minister said.

--IANS

na/svn

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.