Prime Minister Narendra Modi on Saturday known as on India and India to innovate to deal with the challenges going through the nation as he counted the steps taken by the federal government to free entrepreneurs and innovation from bureaucratic silos.
“Our startups are changing the rules of the game. I believe startups are going to be the backbone of new India,” he mentioned whereas interacting with the youth of the startup world. “Let us innovate for India, let us innovate from India.” He mentioned, there are over 60,000 startups in India with 42 unicorns.
The authorities is specializing in three features to strengthen innovation, entrepreneurship and startup ecosystem – “liberating entrepreneurship, innovation from government and bureaucratic silos; setting up institutional mechanisms to promote innovation and helping young innovators”. do,” he mentioned.
Elaborating on the successes throughout the latest years, he mentioned that 28,000 patents have been granted final yr as towards 4,000 in 2013-14. Against registration of 70,000 logos in 2013-14, 2.5 lakh logos have been registered in 2020-21.
“India’s ranking on the Global Innovation Index is improving as the program on innovation has started in the country. India was ranked 81 in 2015 and is now ranked 46.”
Startups usually are not solely bringing innovation however are additionally rising as main job creators.
The yr 2022 brings new alternatives and avenues for startups, he mentioned, including that January 16 can be noticed as National Startup Day to assist take the startup tradition to the grassroots stage.
Modi mentioned easy accessibility to funds in addition to self-certification for compliance with 9 labor and three environmental legal guidelines helps to spice up startups.
He mentioned that innovation and expertise primarily based options are being inspired to search out options to the challenges being confronted by the nation.
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With inputs from TheIndianEXPRESS
