Prime Minister Narendra Modi, speaking at the ‘Startup Mahakumbh’ held at Bharat Mandapam, extolled the robustness and potential of India’s startup ecosystem, marking it as the world’s 3rd largest. In a passionate address, PM Modi underscored the transformative impact of startups on India’s economic landscape and emphasized the need to further nurture innovation and entrepreneurship.
With over 1.25 lakh registered startups employing more than 12 lakh individuals, India has firmly established itself as a breeding ground for innovation and enterprise. Prime Minister Modi hailed these statistics, citing them as evidence of India’s dynamic startup culture. Moreover, he pointed out the remarkable milestone of over 110 unicorns, symbolizing the resilience and creativity of Indian entrepreneurs.
In addition to the sheer number of startups and unicorns, PM Modi highlighted the significant contribution of Indian startups to global innovation, with over 12,000 patents registered. This, he emphasized, underscores India’s commitment to fostering a culture of creativity and protecting intellectual property rights.
“I request all of you to get your patent as early as possible,” PM Modi urged the audience, stressing the importance of safeguarding intellectual property in an increasingly competitive global market.
The ‘Startup Mahakumbh’ event served as a pivotal platform for the Prime Minister to not only celebrate the achievements of the Indian startup ecosystem but also to rally support for further innovation and entrepreneurship. His address resonated with the government’s unwavering commitment to bolstering startups and fostering an environment conducive to innovation.
The event witnessed participation from a diverse array of stakeholders, including budding entrepreneurs, industry leaders, and government officials, all united in their shared vision of propelling India’s startup landscape to greater heights.
As the nation looks towards a future driven by innovation and technology, Prime Minister Modi’s impassioned call for nurturing startups and protecting intellectual property rights serves as a clarion call for India’s entrepreneurial community to seize the myriad opportunities that lie ahead.
The ‘Startup Mahakumbh’ stands as a testament to India’s entrepreneurial spirit and reaffirms the country’s position as a global powerhouse in the realm of startups and innovation.
The event concluded on an optimistic note, with stakeholders galvanized to collectively work towards realizing India’s vision of becoming a global leader in innovation and entrepreneurship.
India News Network will continue to provide updates on developments in India’s startup ecosystem.
