Prime Minister Narendra Modi, addressing a captivated audience at the ‘Startup Mahakumbh’ hosted at Bharat Mandapam, extolled the strength and potential of India’s burgeoning startup ecosystem.
In his stirring address, Prime Minister Modi proudly declared, “India is the world’s 3rd largest startup ecosystem,” highlighting the nation’s remarkable strides in nurturing innovation and entrepreneurship. He underscored the significance of India’s startup landscape by revealing that the country boasts over 1.25 lakh registered startups, collectively providing employment opportunities to over 12 lakh individuals.
Drawing attention to a particularly impressive facet of India’s startup scene, Prime Minister Modi highlighted that the nation is home to over 110 unicorns – privately held startup companies valued at over $1 billion. This substantial number stands as a testament to the vibrancy of India’s startup culture and the indomitable spirit of its enterprising visionaries.
Moreover, the Prime Minister shed light on another noteworthy achievement, stating that Indian startups have secured over 12,000 patents. This statistic underscores India’s unwavering commitment to fostering innovation and upholding intellectual property rights.
In a call to action, Prime Minister Modi urged entrepreneurs to prioritize securing patents, stressing the paramount importance of safeguarding intellectual property in the fiercely competitive global market. “I request all of you to get your patent as early as possible,” he implored, emphasizing the critical role of intellectual property protection in fostering innovation and sustaining competitive advantage.
The ‘Startup Mahakumbh’ event served as a platform for Prime Minister Modi to showcase and celebrate the remarkable achievements of India’s startup ecosystem. His impassioned speech not only highlighted the government’s unwavering support for startups but also served as a clarion call for continued innovation and entrepreneurship in the country.
As India’s startup ecosystem continues to thrive and evolve, Prime Minister Modi’s address at the ‘Startup Mahakumbh’ reaffirms the government’s steadfast commitment to nurturing a culture of innovation and entrepreneurship, propelling the nation towards unprecedented heights of economic prosperity and technological prowess.
