Startup has become a social culture and no one can stop it, says Modi
Prime Minister Narendra Modi believes that the Indian AI solutions for global applications will become a helping hand for many nations in the world.
Inaugurated the Start-up Mahakumbh in New Delhi on 20 Mar, he underlined the numerous opportunities being created for both young innovators and global investors with the advent of the AI industry and mentioned the National Quantum Mission, India AI Mission and Semiconductor Mission.
PM also assured that India will continue to be a leader in this sector and highlighted that the country’s has been making a mark in the IT and software sector in the last few decades, pointing to the emerging trends of innovation and start-up culture.
He noted that the presence of people from the world of start-ups underlines the Mahakumbh importance.
Dwelling on the success of start-ups in the country, the Prime Minister drew attention to the genius element that makes them successful.
He acknowledged the presence of investors, incubators, academicians, researchers, industry members, and present and future entrepreneurs and said, “This is indeed a Mahakumbh in its truest form creating an unprecedented energy and vibe.”
He commented on the development of an ecosystem through connecting ideas with funding sources, and incubators in academic institutions which gave facilities to the youth of tier 2 and tier 3 cities.
“Startup has become a social culture and no one can stop a social culture,” he said, adding that the startup revolution is being led by small cities and that too in a wide range of sectors including agriculture, textiles, medicine, transport, space, yoga and ayurveda.
Elaborating on space startups, the Prime Minister said that Indian startups are working in more than 50 areas in the space sector, including the launch of the space shuttle.
India is the third largest startup ecosystem with 1.25 lakh startups involving 12 lakh youth who are directly linked with them.
GeM portal has provided more than Rs.20,000 crore to businesses and startups. Fiinews.com
