Politics
PM Modi hails Indian startup for transforming India into a global startup hub
On the occasion of the ninth anniversary of the Startup India initiative, Prime Minister Narendra Modi hailed the program as a transformative force, highlighting how it has contributed significantly to India's emergence as the one of the largest and most dynamic startup ecosystems in the world.
He highlighted that the initiative has not only fostered innovation and entrepreneurship but also played a key role in positioning India as a global leader in the startup space.
Terming the program “very close to my heart”, Prime Minister Modi termed it a historic initiative that has redefined the concepts of innovation, entrepreneurship and growth. He highlighted that 'Startup India' has become a powerful catalyst for youth empowerment, opening up opportunities and fostering a culture of innovation across the country.
He said in an article on Thursday: “Over the past nine years, this transformative program has empowered countless young people, turning their innovative ideas into successful startups.”
This success of StartUp India reflects the fact that today's India is dynamic, confident and ready for the future. As we mark this journey, we reaffirm our commitment to continue to foster an entrepreneurial ecosystem that realizes every dream and contributes to Aatmanirbhar Bharat. I compliment…
-Narendra Modi (@narendramodi) January 16, 2025
He added that just a decade ago, many doubted India's ability to thrive in such a system.
The Prime Minister said this “transformative” program has enabled countless young people to turn their innovative ideas into successful startups. From tech solutions to rural innovations, advancements in healthcare and biotechnology, to breakthroughs in fintech, edtech, clean energy and sustainable tech, Indian startups are taking on the challenges. global challenges. At the same time, they create employment opportunities and contribute to the nation's journey towards self-reliance, he added.
Highlighting his government's commitment to nurturing an entrepreneurial ecosystem that brings every dream to life and advances the vision of 'Aatmanirbhar Bharat', the Prime Minister said his administration has left no stone unturned in promoting a startup culture. He noted that the government's policies were focused on improving the “ease of doing business”, providing better access to resources and, more importantly, offering support at every critical stage of a business's journey. startup.
He said: “We are actively promoting innovation and incubation centers so that our youth become risk-takers. I have personally interacted regularly with young startups. » This success of the Indian startup reflects the fact that India today is dynamic, confident and ready for the future, he said.
Modi said, “I congratulate all young people in the startup world and urge more young people to pursue this path. I assure you that you will not be disappointed.”
Also read: Hindenburg Research closure: look back at short sellers' allegations against Adani Group
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