Five Things That PM Modi Said On Start-UP Culture in India
Capital and courage required for start-ups: Prime Minister said that along with Make in India, Design in India too is important for startups. "Adequate capital, courage and connecting with people are required for excelling in the startup sector," he said.
From Tech To Agriculture: PM Modi added that there was a time when startups meant only digital and technology innovation but now things are changing and we are seeing startups in various other fields, including agriculture. "We have started an Agriculture Grand Challenge. We invite more youngsters to ideate on how to transform our agriculture sector," he added.
From Minnows to Sharks: PM Modi said that today's big companies were start-ups at some point. "Our startups are growth engines. I urge the people of India to keep innovating," he added. He also said that the youth in India is now creating jobs and the government is committed to harnessing the demographic dividend. Commenting on the issue of fund availability for startups, Modi said the government has created a Rs 10,000 crore Fund of Funds.
Public Procurement Norms: He also said startups can sell their products to the government and it has eased public procurement norms for them. India has distinguished itself in the global startup ecosystem, the Prime Minister added. (With PTI inputs)