Prime Minister Narendra Modi, in a stirring address at the ‘Startup Mahakumbh’ hosted at Bharat Mandapam, extolled the resilience and potential of India’s burgeoning startup ecosystem, showcasing the nation’s remarkable achievements in fostering innovation and entrepreneurship.
Declaring India as the world’s 3rd largest startup ecosystem, the Prime Minister underscored the country’s monumental strides in nurturing a vibrant entrepreneurial landscape. With over 1.25 lakh registered startups, employing more than 12 lakh individuals, India stands as a beacon of innovation and job creation on the global stage.
Prime Minister Modi further highlighted India’s impressive tally of over 110 unicorns – privately held startup companies valued at over $1 billion. This staggering figure stands as a testament to the robustness of India’s startup culture and the indomitable spirit of its visionary entrepreneurs.
In a poignant nod to India’s commitment to fostering innovation, Prime Minister Modi noted that Indian startups have secured over 12,000 patents, underscoring the nation’s dedication to intellectual property rights and groundbreaking innovation.
Urging entrepreneurs to safeguard their intellectual property, Prime Minister Modi urged, “I request all of you to get your patent as early as possible,” emphasizing the critical importance of protecting intellectual property in the fiercely competitive global arena.
The ‘Startup Mahakumbh’ served as a resplendent platform for the Prime Minister to spotlight the stellar achievements of India’s startup ecosystem and galvanize further innovation and entrepreneurship across the nation. His impassioned address reaffirmed the government’s unwavering commitment to nurturing startups and cultivating a culture of innovation and entrepreneurship in India, propelling the nation towards unprecedented heights of economic prosperity and technological advancement.
