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Government recognized start-ups jump 57%
November 04, 2020
The Modi government’s flagship scheme to promote the Indian startup ecosystem Startup India has witnessed a 57% boom inside the quantity of presidency-regarded startups.
From round 24,927 agencies identified as startups in November final 12 months by way of the Department for Promotion of Industry and Internal Trade (DPIIT), the wide variety has jumped to 39,114 startups as of November 3, 2020, in step with the information from the Startup India portal.
“With 26 startups being recognized by way of @DIPPGOI every day, #NewIndia is swiftly developing as a startup hub,” government investment merchandising corporation Invest India had tweeted remaining yr. The Startup India initiative changed into released by way of Prime Minister Narendra Modi on January 16, 2016.
DPIIT in its Vision record remaining yr had aimed toward 50,000 new startups, 20 lakh direct and oblique jobs via 2024 along with 500 new incubators and accelerators, 100 innovation zones in city nearby bodies, and 7 research parks to assist startups.
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