He launched Madhya Pradesh Startup Policy and Portal.
Modi communicated with various Startups.
Chief Minister Shivraj Singh Chouhan said Startups becoming new backbone for the economy
Today the country has a pro-active startup policy and adequate startup leadership
Congratulations to Madhya Pradesh government for the new startup policy and startup ecosystem, Prime Minister Narendra Modi said.
Modi said Madhya Pradesh has done commendable work in formulating a new Startup policy under the leadership of Chief Minister Shivraj Singh Chouhan and preparing the above-mentioned startup eco-system.
For this the Madhya Pradesh government and the public deserve to be congratulated. Young Startups are bringing revolution on the soil of Indore, which is an inspiration for all.
Prime Minister Modi said India’s startup revolution will become an important hallmark of Azadi ka Amrit Kaal.
Today the country has a pro-active startup policy and adequate startup leadership. India’s Startup ecosystem is being praised all over the world.
The Startups in India are turning out to be a powerful vehicle to fulfill the dreams of the common Indian youth. In the year 2014, there were only 300 to 400 startups in India, whereas today this number has reached to 70 thousand.
India has the third largest startup ecosystem in the world.
Prime Minister Modi today launched the new Startup Policy of Madhya Pradesh and Madhya Pradesh Startup Portal virtually from Delhi.
Prime Minister Narendra Modi said that today startups are being started in small towns of the country.
More than 50 thousand startups are associated with industries in more than 650 districts of India.
It is very important that many of our startups become unicorns within 8-10 days. It is a big achievement for a new startup to reach a capital of Rs 7 crore.
Our schools are functioning as a nursery of startups.
More than 700 incubation centers have been set up in the country. Along with the incubation of startups, their funding is also arranged.
The Prime Minister said that the government is giving tax exemption and other incentives to promote startups.
At the same time, the government is also becoming a buyer.
Through the GeM portal, on which more than 13 thousand startups are registered, business worth more than 6.50 thousand crore was done in the last days.
The Startups and Unicorns are giving employment to lakhs of people in the country today. The Startups are doing remarkable work in the fields of clean energy, health, tourism, agriculture, retail business.
There are more than 800 startups connected with sports activities in India. India is number one in the world in smart phone data usage, while it is number two in internet usage and global retail trade. Special attention is being given to Ease of Living and Ease of Doing Business in India.
India’s growth and success story will be remarkable in the coming decade.
Chief Minister Shivraj Singh Chouhan said startups have emerged as a new backbone for the economy.
Chief Minister Chouhan said the Startup Policy has been prepared on the basis of the suggestions received in the Startup Summit held in January.
The main features of this policy include Venture Capital Fund, Lease Rental Assistance, Assistance for Patents, provision of package in product based startups as per the intention of Prime Minister Modi, promotion of daughters startup, provision of maximum assistance of Rs one crore, provisions for capacity expansion support, linking the new portal with the Government of India portal and setting up a separate startup center.
