Union Minister for Commerce & Industry Shri Piyush Goyal on August 3 announced that India has achieved a landmark milestone, wherein 75000 startups have been recognized in the country.
- These numbers tell the power of a vision. A vision to see innovation & enterprise drive growth, he emphasized.
- The Department for Promotion of Industry and Internal Trade (DPIIT) has recognized more than 75,000 startups- a milestone which coincides with 75th year of independence.
- As India celebrates Azadi ka Amrit Mahotsav, the Indian startup ecosystem continues to be fuelled by innovation, enthusiasm, and entrepreneurial spirit.
- Startup India program which was primarily setup to provide an enabling environment for the startups, has today evolved into the launchpad for them.
- From providing funding to tax incentives, from support on intellectual property rights to eased public procurement, from enabling regulatory reforms to access to international fests and events, Startup India program has become synonymous with sustainable economic growth.
- Out of the total recognized startups, around 12% cater to IT services, 9% to Healthcare and Life Sciences, 7% to education, 5% to professional and commercial services and 5% to agriculture
