The Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh, recently highlighted the reach and impact of the start-up movement promoted by PM Modi. Speaking at the 2-day “Young Start-up Expo” held in Udhampur, Jammu, and Kashmir, Dr. Jitendra Singh emphasized the opportunities the movement offers for industry and entrepreneurs, particularly in smaller towns. This article explores the significance of the start-up movement and its growing influence in India, with a focus on the recent expo in Udhampur.
India’s start-up ecosystem has witnessed tremendous growth and innovation in recent years, thanks to the government’s concerted efforts and initiatives. Under the leadership of Prime Minister Narendra Modi, the start-up movement has reached every part of the country, even the smaller towns or B-Towns. This has opened up new avenues for industry and provided aspiring entrepreneurs with the platform and resources they need to succeed.
The Start-up Movement Promoted by PM Narendra Modi
Since assuming office, Prime Minister Narendra Modi has placed a strong emphasis on fostering entrepreneurship and innovation in India. His vision of “StartUp India, StandUp India” has resonated with the youth and aspiring entrepreneurs across the nation. The government has implemented various policies, programs, and initiatives to support the start-up ecosystem, creating a conducive environment for growth and success.
Reaching Every Part of India, including B-Towns
Dr. Jitendra Singh, Union Minister of State (Independent Charge) Science & Technology, highlighted how the start-up movement has reached every corner of India, including the smaller towns or B-Towns. This is a significant achievement, as it ensures that the benefits of entrepreneurship and innovation are not limited to metropolitan areas. It empowers young individuals in smaller towns to contribute to the country’s economic growth and development.
The Young Start-up Expo in Udhampur, Jammu and Kashmir
One of the recent events showcasing the strength of India’s start-up ecosystem was the “Young Start-up Expo” held in Udhampur, Jammu and Kashmir. This 2-day event provided a platform for aspiring entrepreneurs, investors, and industry experts to come together and explore new avenues for collaboration and growth. The expo aimed to showcase the entrepreneurial potential of the region and create awareness about the support available for start-ups.
Exploring New Avenues for Industry and Entrepreneurs
The Young Start-up Expo in Udhampur offered a unique opportunity for industry professionals and entrepreneurs to connect, network, and exchange ideas. It served as a launchpad for innovative start-ups and showcased the talent, capability, and creativity present in the region. By bringing together key stakeholders, the expo fostered an ecosystem of support and collaboration, paving the way for the growth of new businesses and industries.
Jammu and Kashmir’s Development under PM Modi
Dr. Jitendra Singh emphasized that under the leadership of Prime Minister Narendra Modi, Jammu, and Kashmir have been given topmost priority in every aspect of development. The region is now competing with the developed states and union territories in India, thanks to the government’s focus on infrastructure, connectivity, and economic growth. The start-up movement is an integral part of this development strategy, empowering the youth and driving economic progress.
India’s Achievements in 2023
The year 2023 holds great significance for India on various fronts. Firstly, India has attained the presidency of the G20, a global forum for economic cooperation and decision-making. This position provides India with an opportunity to shape the global agenda and contribute to international discussions on critical issues. Additionally, the United Nations has designated 2023 as the International Year of Millets, recognizing India’s efforts, led by PM Narendra Modi, in promoting these nutritious grains as a sustainable food option.
Growth of Start-ups in India
The start-up ecosystem in India has witnessed exponential growth in recent years. Dr. Jitendra Singh highlighted that the number of start-ups in India has increased 300 times in the last nine years. From a modest count of around 350 start-ups before 2014, India now boasts over 90,000 start-ups, with more than 100 unicorns. This phenomenal growth indicates the immense potential and entrepreneurial spirit present in the country.
Favorable Milieu and Patronage under PM Modi’s Leadership
Dr. Jitendra Singh attributed the success of India’s start-up ecosystem to the favorable milieu and patronage provided by Prime Minister Narendra Modi’s leadership. The government has created an enabling environment by introducing policies such as tax incentives, relaxed regulations, and access to funding. These measures have encouraged young entrepreneurs to venture into unexplored territories and transform their ideas into successful businesses.
Focus on Building Entrepreneurship and Job Opportunities
The focus of the government, under the leadership of Prime Minister Modi, extends beyond job creation to building entrepreneurship. The mantra of “StartUp India, StandUp India” aims to create millions of job opportunities for the youth of the country. It encourages a shift away from the traditional mindset of seeking government employment and promotes the creation of new opportunities in niche sectors. By nurturing entrepreneurship, the government is empowering individuals to become job creators themselves.
Importance of the “Start-up Conclave” in Udhampur
The two-day “Start-up Conclave” held in Udhampur was a historic moment for the district and the surrounding regions. Dr. Zabeer Ahmad, Director of CSIR-IIIM Jammu, highlighted the significance of this event in promoting entrepreneurship and economic growth. The conclave provided a platform for people in Udhampur and nearby districts to learn about the benefits of start-ups and receive guidance and support. It aimed to create awareness, inspire innovation, and drive economic progress in the region.
