This will become the backbone of India
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January 16 will now be observed as National Startup Day in India
Prime Minister Narendra Modi on Saturday interacted with over 150 startups across different sectors. The Prime Minister, during his interaction via video conferencing, said that startups are going to be the backbone of new India. He added that from now on, January 16 is going to be celebrated as National Startup Day.
"Small businesses are the spine of India's economy and Startups are the game changers. This partnership can benefit both, the society and the economy, especially women employment will get strengthened because of this" these were the exact words that expressed joy of India's Prime Minister Shri Narendra Modi. Being the first nation to celebrate National Startup Day in the history of world...With the aim to innovate for India, from India, Let us congratulate to startup owners.
“Our startups are changing the rules of the game. I believe that startups are going to be the backbone of India," said the Prime Minister during his speech.
“I congratulate all the start-ups, all the youth, who are raising the flag of India in the world of start-ups. For this culture of start-ups to reach the far-flung parts of the country, it has been decided to celebrate January 16 as National Start-up Day," he said.
India’s ranking in the Global Innovation Index has also improved a lot. In 2015, India was at number 81 in this ranking. Now India is at number 46 in the Innovation Index.
About Startup IndiaS
tartup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.
What is the Startup India Initiative?
Launched on 16th January, 2016, the Startup India Initiative has rolled out several programs with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. These programs are managed by a dedicated Startup India Team, which reports to the Department for Industrial Policy and Promotion (DPIIT).
The Prime Minister also highlighted that India's startup ecosystem is "continuously discovering and improving itself."
"It is in a constant state of learning and changing," the PM added.
Today being the first ever National Startup Day, I would like to congratulate and applaud the Indian Startup ecosystem for becoming one of the fastest growing and most appreciated ecosystems globally.
Startups give back to the society way more than they take from it. Startups at every stage, time and place has different roles to play. Even if a startup doesn't raise investments or becomes a unicorn, but is able to sustain itself and generate value in terms of service, employment, or any other aspect, it must be applauded.
Startups that couldn't take-off for some reason or the other must also be appreciated because they didn't waste wealth and time (theirs or others) and took a hard decision to take another route. Must be respected.
And lastly, not just the startups, but the entire ecosystem must be applauded - the Incubators, accelerators, investors, venture capitalists, educational institutions, and others. Without them all, this ecosystem wouldn't even be close to where it stands today.
Today is the day to cherish what Startups have achieved, and a day to mark a new beginning for a lot of new ideas.
When India completes 100 years of independence, startups will have an important role. Country's innovators are making the country proud globally," the Prime Minister said during his interaction with startups across different sectors..
Startups are now an essential building block of Indian economy as they drive innovation & open up new opportunities. Celebrating National Startup Day is a great initiative by Hon PM Shri Narendra Modi that will help in acknowledging their contribution & boost Startups for New India.
Congratulations 🎉 to all new the Startups in India.
Cheers 🥂
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