20 March 2024 – Prime Minister Narendra Modi graced the “Startup Mahakumbh” event in New Delhi, emphasizing the significance of such gatherings in fostering India’s startup ecosystem. Addressing the audience, PM Modi noted the unusual timing of the event, just after the announcement of poll dates, and lauded the organizers for their forward-thinking approach.
Highlighting the vibrant atmosphere at the event, PM Modi expressed optimism about India’s future, foreseeing the emergence of numerous unicorns and decacorns. He attributed India’s growing stature in the global startup space to strategic decisions and a well-thought-out vision.
PM Modi underscored the government’s “Startup India” initiative, which provided a platform for innovative ideas, facilitated access to funding, and established tinkering labs and incubating labs. He praised the initiative for empowering youth from tier 2 and tier 3 cities, driving innovation beyond metropolitan areas.
Furthermore, PM Modi highlighted the diversity of India’s startup ecosystem, spanning across various sectors from agriculture to space. He commended the remarkable growth of startups in the space sector, once constrained by government regulations but now flourishing with over 50 startups.
PM Modi emphasized the transformative impact of India’s startup culture, shifting the mindset from job-seekers to job-providers. He celebrated the entrepreneurial spirit of Indian youth and reaffirmed the government’s commitment to nurturing their aspirations.
In essence, PM Modi’s address at the Startup Mahakumbh reflected his confidence in India’s startup ecosystem and reiterated the government’s steadfast support for fostering innovation and entrepreneurship across the nation.
