‘Startups are not only bringing innovation but are also growing as major job creators.’
Prime Minister Narendra Modi on Saturday called on India and India to innovate to tackle the challenges facing the country as he counted the steps taken by the government to free entrepreneurs and innovation from bureaucratic silos.
“Our startups are changing the rules of the game. I believe startups are going to be the backbone of New India,” he said while interacting with the youth of the startup world. “Let us innovate for India, let us innovate from India.” He said, there are over 60,000 startups in India with 42 unicorns.
The government is focusing on three aspects to strengthen the innovation, entrepreneurship and startup ecosystem – “liberating entrepreneurship, innovation from government and bureaucratic silos, setting up institutional mechanisms to promote innovation, and empowering young innovators”. handle,” he said.
Elaborating on the successes during the recent years, he said that 28,000 patents were granted last year as against 4,000 in 2013-14. Against registration of 70,000 trademarks in 2013-14, 2.5 lakh trademarks have been registered in 2020-21.
“India’s ranking on the Global Innovation Index is improving as the program on innovation has started in the country. In 2015, India was ranked 81 and now it is at 46,” he said.
Startups are not only bringing innovation but are also growing as major job creators.
The year 2022 brings new opportunities and avenues for startups, he said, adding that January 16 will be celebrated as National Startup Day to help take the startup culture to the grassroots level.
Shri Modi said that self-certification along with easy access to funds for compliance with nine labor and three environmental laws is helping to boost startups.
He said that innovation and technology based solutions are being encouraged to find solutions to the challenges being faced by the country.
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