Union Finance and Corporate Affairs Minister Nirmala Sitharaman said here on Saturday that India was home to over a hundred unicorns with a total value of USD 250 billion, which has managed to raise over USD 63 billion in the last few years.
Speaking at an event here, he said that around 25 per cent of start-ups in Silicon Valley are managed by people of Indian origin and it is a matter of pride.
The start-up eco-system was well built in the country and all hundred unicorns were valued at USD 250 billion and managed to raise over USD 63 billion from the capital market, he said while addressing fresh graduates at the 10th convocation. Said happened. Indian Institute of Information Technology, Design and Manufacturing, Kancheepuram near here.
“I am saying all these things because even after graduating from here, you all can become an entrepreneur and create jobs for others. It is not the world that entrepreneurship is worrying or that entrepreneurship has risks. There is risk in it. Maybe, (but) it is possible for all of you to be entrepreneurs yourself,” she said.
“Twenty-five percent of start-ups in Silicon Valley are managed by people of Indian origin. So everyone who is looking at Silicon Valley, you can really raise your collar with pride that 25 percent of all start-ups are Management is done by Indians,” she said.
“I’m sure you all already have your sights on Silicon Valley,” she said.
Referring to Prime Minister Narendra Modi’s Independence Day speech ‘Jai Jawan, Jai Kisan, Jai Vigyan and Jai Anusandhan’, Sitharaman said the slogan ‘Jai Jawan and Jai Kisan’ did not remain with ‘Jai Vigyan (Technology)’ Is. Jai Anusandhan (Innovation)’.
“Your contribution in the last two (Jai Vigyan and Jai Anusandhan) will be recognized and this is what is going to take India into a technology savvy and advanced country in 100 years of independence in 2047,” he said.
“I would say that your every contribution is going to make it possible for India to reach and achieve advanced economy status by 2047, for which the government has already taken several steps,” she said.