On Saturday Union Minister of Commerce and Industry Piyush Goyal attended Attended Vejalpur Startup festival in Ahmedabad icty.
Several nations want to adopt India’s development model, which has given prominence to initiatives such as Startup India that encourage innovation, said minister Goyal.
Speaking at the function of Vejalpur Startup Festival 2.0, India aims to take the number of unicorns from the existing 118 to 1,000 and 5,000. The startup ecosystem created in the country has encouraged job seekers to become job creators, the Union minister added.
“PM Narendra Modi as the then CM of Gujarat ensured swift development of the state. Gujarat’s development then became the country’s development and role model. Slowly, several countries, especially developing countries, today want to adopt India’s development model,” Goyal said.
Prime Minister Modi has dedicated to the nation several jewels in this development model, like Swachh Bharat Mission, Make In India, Digital India, Startup India, International Yoga Day, Ayushman Bharat. among others, he added. There is hardly any leader in the world who has been conferred the highest civilian awards. Modi has been conferred 21 international awards.
Startups have worked to help India’s economy boost with their new and innovative ideas, new ways of functioning, adding that Gujarat has remained the best performing state in startups.
The government has given encouragement to startups, investors, founders and mentors to associate with startups. The Centre started a Fund of Funds (FoF) for startups with a fund of Rs 10,000 crore. Another Rs 10,000 crore fund was announced in the last budget, and the first instalment has been provided to the department.
