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IVCA Conclave 2024: Start-ups need to succeed in areas where they have struggled to add value, says DPIIT Secy

Business Today · 8m

The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Rajesh Kumar Singh, expressed the government's interest in promoting start-ups in sectors such as tech-enabled agriculture, energy transition, and climate tech. Singh encouraged start-ups to use avenues other than foreign venture capital for funding, such as offshore financing frameworks. He mentioned the government's measures to support the start-up ecosystem, including funding schemes and creating an enabling environment for intellectual property rights and government procurement. Singh also highlighted the government's investments in physical and digital infrastructure, including the GST network and digital platforms for logistics. He noted the growing presence of women on start-up boards.