Over 40 out of 100 unicorns are housed in Bengaluru
Technology, innovation and problem-solving approach of start-ups is a force multiplier which will help India acquire global dominance in the sphere of technology and innovation, says Commerce and Industry Minister Piyush Goyal.
Speaking at the 25th Bangaluru Tech Summit on 18 Nov 2022, he said, “Indian start-ups are almost playing the role of a booster dose in the post pandemic recovery that India is leading from the front.
“Despite geo-political challenges that has pushed world trade back and when countries are falling into recessionary mode, it is our bright young boys and girls who have helped India lead global recovery.”
Goyal applauded Bengaluru, saying, “The city has truly unleashed a new era for India as we march on the journey to become a developed nation. We can look back on the laurels that Bengaluru has achieved.”
Over 40 out of the 100 unicorns are housed in Bengaluru and a huge ecosystem has been created here in form of private equity investors, venture capitalists, R&D centres, incubation centres, the very high quality of talent and manpower skills, he said.
“Karnataka and Bengaluru are the flagbearers of India of tomorrow.”
The Government is also is trying to democratise ecommerce, and saving the small mom and pop stores by giving them an opportunity to participate in the vibrant ecommerce network through Open Network for Digital Commerce (ONDC), he said.
“Bengaluru will have a big role to play in this development. When this initiative succeeds and is known globally, it will be remembered that it started in Bengaluru with the initial testing being done in this city.”
It is great opportunity to showcase India’s achievements and opportunities to the rest of the world as India taking over the presidency of G20 this year from 1 Dec 2022, he said.
“We are together going to work to make sure that our start-ups and innovators get the opportunity to present themselves at the world stage,” he added. fiinews.com
