Union Commerce and Industry Minister Piyush Goyal said on Tuesday that startup companies are the backbone of the new India. He said that startup companies have shown their ability to innovate with ideas in areas like mobility, food, apparel etc.
‘The sun is about to rise and this is our time,’ the Union Minister said at an event ahead of the three-day Startup Mahakumbh starting at Bharat Mandapam from March 18 to 20. I hope we don’t miss out. I hope that the message will also be clearly sent to the startup companies that they should not miss this opportunity.
Union Minister Goyal said that this event to be held next month will be a platform to showcase India’s success story in the last decade. It will also show the world that India has emerged as a global power.
The event is being organized by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), National Association of Software and Service Companies, Bootstrap Incubation and Advisory Foundation, TIE and Indian Venture Aid Alternative Capital Association. It is expected that about 1 thousand startup companies from India and the world will participate in this first such event.
Global and Indian stakeholders such as unicorn startups, global and domestic venture capitalists, corporate and industry top executives will also participate. Sanjeev, Joint Secretary, Department of Industrial Promotion and Internal Trade, said, ‘We hope that more than 1 thousand startup companies, more than 1 thousand investors and more than 500 incubators will participate in this program. We have also invited 21 Startup Bridge countries to actively participate during the Maha Kumbh.
First Published – February 27, 2024 | 10:15 PM IST
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