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PM declares 16 Jan as startup day; says golden era of startups has just begun  

New Delhi: In a symbolic increase to India’s expanding startup ecosystem, Key Minister Narendra Modi on Saturday declared that 16 January will be celebrated as Nationwide Startup Working day.

Interacting with more than 150 startups through the Startup India Innovation 7 days organised by the Section for Marketing of Market and Inside Trade (DPIIT), theEV charging infrastructure, defence production, chip production give and drone industry

“For this society of begin-ups to reach the far-flung elements of the state, it has been made the decision to celebrate January 16 as Nationwide Startup Working day”, a assertion by the Prime Minister’ Workplace quoted him as saying.

Noting that 42 startups turned unicorns past calendar year, Modi said: “Today India is swiftly relocating toward hitting the century of the unicorns. I think the golden era of India’s startups is starting off now.” At the moment, India has close to 82 unicorns.

The startups, categorised beneath 6 groups, gave presentations to the Prime Minister on 6 themes — ‘growing from roots, ‘nudging the DNA’, ‘from nearby to global’, ‘technology of future’, ‘building champions in manufacturing’ and ‘sustainable development’.

They shared thoughts and inputs on several sectors which includes details assortment system in agriculture, generating India a preferred agri-company hub, boosting healthcare by use of know-how, tackling situation of psychological overall health, promoting vacation and tourism through innovations like digital excursions, ed-tech and job identification, house sector, among others.

During the conference, Modi also outlined the measures taken by the government to support startups in the state, such as programmes like Startup India, removing complications of ‘angel tax’, simplification of tax process, arranging for authorities funding, permitting self-certification of nine labour and three ecosystem guidelines and elimination of far more than 25 thousand compliances.

He also pointed out indicators and figures which present a advancement in the startup ecosystem. Modi reported that in 2013-14, 4,000, patents had been authorised, even though in the previous 1 calendar year by itself, a lot more than 28,000 patents have been granted. In the calendar year 2013-14, about 7,0000 trademarks have been registered, in 2020-21 a lot more than 2.5 lakh trademarks were registered, the Prime Minister added amid other parameters.

He also mentioned that India has now reached to the 46th location in the world wide innovation index, up from the 81st rank.

The Prime Minister was of the watch Indian startups can quickly make it to the world wide phase and reach other countries and advised the younger business people: “Don’t just maintain your dreams area, make them world. Recall this mantra — let us Innovate for India, innovate from India”.

Modi also advised numerous places in which the startup fraternity can participate in a significant part together with EV charging infrastructure, defence producing, chip producing offer you and the drone sector.

Noting that the new drone policy has led to curiosity amid many on drone centered startups, the Prime Minister reported that the Indian Army, navy and air drive have specified 500 crore worth of orders to drone startups. He also talked about concepts together with ‘walk to work’, integrated industrial estates and intelligent mobility as possible places.

“From rural economic system to ‘Industry 4.0’, equally our demands and our probable are limitless. Investment decision on exploration and enhancement relevant to potential technological know-how is the precedence of the federal government now,” he said.

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