Goyal wants to see India as a startup capital
Commerce and Industry Minister Piyush Goyal has called on the National Startup Advisory Council (NSAC) to help 75 startups to become unicorns in the next 12 months and stressed that he wants to see the emergence of new startups in Tier II and III cities.
Addressing the NSAC virtual meeting on 16 Aug 2021, he called for nurturing startups and make India a startup capital.
The Minister also called for a ‘STARTUP revolution’, adding that schools will now sow the seeds of startup ideas at a young age under the National Education Policy.
“Youth are job creators of tomorrow and drivers of innovation and leaders of 4th Industrial Revolution,” said Goyal, pointing out that the implementation of ideas of Financing, Mentorship, Taxation among others “will enable us to strengthen our startup ecosystem further”.
“Our startup ecosystem is a reflection of our youth’s Energy, Enthusiasm and Agility and Startup India movement has brought a ‘change in mindset’ from ‘can do’ to ‘will do’.”
Also, Goyal told DPIIT to now act as a ‘Facilitator’ with ‘Open doors, Open Arms & Open Mind’ for the startups.
He assured that the Government is committed to cut red tape, improve Ease of Doing Business, provide financial assistance through Startup seed fund, support incubators and enhance skills. This holistic approach is intended to resolve the issues relating to capital mobilization, support innovation with tinkering labs, and meet the capacity and capability requirements of startups.
“Today, our vision expands beyond the traditional models of growth, our aim is to create a New India. Startups are the key to building an Aatmanirbhar Bharat with Courage, Collaboration and Commitment. To achieve such an ambitious target we need a participative approach from all stakeholders.”
He also told the industry help create Startup Superstars by identifying innovators and investing in talent. “Our aim must be to make our startups grow beyond our geographical boundaries and create global impact.”
The meeting was attended by top stake holders, officials and existing start ups in the country. The meeting was attended by M.R. Kumar, Chairman, LIC; R.S. Sharma, CEO, National Health Authority; Rajan Anandan, Managing Director, Sequoia Capital; Ritesh Agarwal, Founder, OYO Rooms; Manoj Kohli, Country Head, Softbank India; Abhiraj Bhal, Co-founder, UrbanCompany; Kunal Bahl, Co-founder, Snapdeal; Vineet Aggarwal, President, ASSOCHAM; Sanjeev Bhikchandani, Co-founder, InfoEdge; Mohandas Pai, Co-founder & Chairman, Aarin Capital; Prashant Prakash, Partner, Accel Partners; Anjali Bansal, Founder, Avaana Capital; Sharad Sharma, Founder, iSpirt; and Debjani Ghosh, President, NASSCOM. #technology #investment #startup #unicorns /fiinews.com
