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PM Modi inaugurated the Start-up Mahakumbh at Bharat Mandapam, New Delhi, showcasing the government’s commitment to fostering a culture of innovation and entrepreneurship. Taking a walkthrough of the exhibition, he emphasized the importance of the event in shaping India’s future as a hub for startups and innovation.
Addressing the gathering, PM Modi outlined India’s aspirations to become a developed nation by 2047 and stressed the pivotal role of startups in this journey. He lauded the achievements of Indian startups in the IT, software, and other sectors, underscoring their contribution to the nation’s growth trajectory.
PM Modi highlighted the success stories of startups and acknowledged the presence of stakeholders such as investors, incubators, academicians, researchers, and entrepreneurs at the Mahakumbh. He described the event as a platform for fostering unprecedented energy and innovation.
Reflecting on the growth of the startup ecosystem, Prime Minister Modi credited the government’s policies for creating an enabling environment for startups to thrive. He commended the emergence of a startup culture in tier 2 and tier 3 cities, emphasizing the role of innovation in driving economic progress.
Prime Minister Modi emphasized the diverse sectors where startups are making significant strides, including agriculture, textiles, medicine, transport, space, yoga, and ayurveda. He highlighted India’s achievements in the space sector, with startups leading innovation in various domains.
Underlining the changing mindset towards startups, Prime Minister Modi noted the increasing trend of youth opting to become job creators rather than job seekers. He praised the role of startups in fueling economic growth and creating employment opportunities for millions of youth.
Prime Minister Modi highlighted the government’s initiatives such as Startup India and Digital India in nurturing the startup ecosystem. He emphasized the importance of digital technologies like UPI in promoting financial inclusion and bridging the rural-urban divide.
In conclusion, PM Modi expressed confidence in India’s potential to emerge as a global leader in innovation and entrepreneurship. He called upon startups to give back to society and encouraged them to collaborate with educational institutions and incubation centers for mutual growth.
The event was attended by Union Minister for Commerce and Industry, Shri Piyush Goyal, along with other dignitaries, reaffirming the government’s commitment to supporting the startup ecosystem and driving inclusive growth.
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