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Number of startups increased 300 times in 9 years under PM Modi: Union minister
Deccan Herald
·
2y ago
Medial
The number of startups grew 300 times in the last nine years under Prime Minister Narendra Modi-led government in the country, Union Minister Jitendra Singh said on Saturday. The Minister of State in the Prime Minister's Office (PMO) was speaking at a two-day 'Young Start-up Conclave' which commenced in Udhampur, the home constituency of Singh. "The startups in India grew 300 times in the last 9 years as from just around 350 startups before 2014, there has been a quantum jump in startups to more than 90,000 with more than 100 unicorns," Singh said.
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Startups in India grew over 300 times in ten years: Union Minister Jitendra Singh
Economic Times
·
1y ago
Medial
India's startup ecosystem has experienced tremendous growth in the past decade under the leadership of Prime Minister Narendra Modi. The number of startups in the country has increased from around 350 in 2014 to become the 3rd largest globally. This growth can be attributed to the government's efforts in promoting entrepreneurship and diversifying employment opportunities beyond traditional government jobs. Additionally, PM Modi has also played a crucial role in expanding India's space research sector and opening it up to the private sector. These initiatives have propelled India's economy to become the 5th largest globally, with the aim of reaching the top position by 2047.
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PM Modi slams RJD-Congress for 'insulting' Ambedkar; warns against 'jungle raj'
Economic Times
·
1m ago
Medial
Prime Minister Narendra Modi criticized the Rashtriya Janata Dal (RJD) and Congress during a Bihar rally for disrespecting B.R. Ambedkar, highlighting their history of ignoring his anti-dynastic stance. Modi attributed their actions to the desire for personal family growth. He warned against a return to "jungle raj," urging voters to support the current government for continued development. Modi also announced new projects worth ₹5,200 crore, emphasizing progress under Chief Minister Nitish Kumar's leadership.
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PM Modi to lead BJP's Bihar campaign with 9 rallies
Economic Times
·
1m ago
Medial
Prime Minister Narendra Modi is set to lead the BJP's campaign for the Bihar assembly elections with nine rallies over two and a half months. He has addressed six rallies already, with the remaining scheduled across nine divisions, covering over 200 assembly segments. The campaign aims to energize party workers, with additional visits planned by Union Home Minister Amit Shah. This extensive outreach aligns with the upcoming state elections announcement.
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Congress head Kharge hits out at government for using Startup India as publicity tool for PM
Economic Times
·
1y ago
Medial
Congress president and leader of Opposition in the Rajya Sabha, Mallikarjun Kharge, criticized the Narendra Modi-led BJP government for not delivering on its promises and neglecting startup entrepreneurs, creative individuals, and unemployed youth. Kharge highlighted that the government's Startup India initiative has become a mere publicity tool for the Prime Minister, questioning the lack of implementation of the promised Rs 20,000 crore Startup Seed Fund. He also raised concerns about the high number of job losses in startups and the limited tax benefits provided to recognized startups by the government.
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India Should Lead The Global Online Gaming Sector: PM Narendra Modi
Inc42
·
11m ago
Medial
Prime Minister Narendra Modi expressed his desire for India to become a leader in online game production during his Independence Day speech. He urged the country's youth to take Indian online games to a global level. Additionally, Modi highlighted the government's decision to allow private players in the space sector, resulting in the emergence of multiple space technology startups.
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India Rises to Third Largest Startup Ecosystem, IndianOil Funds 42 Startups with ₹71 Crore Following PM Modi’s Red Fort Announcement | DeepNewz India
Business Bytes
·
2m ago
Medial
India has become the third-largest startup ecosystem globally, with approximately 1.70 million startups. This significant growth is attributed to the increased awareness and promotion of the startup concept, particularly highlighted by Prime Minister Narendra Modi's endorsement from the Red Fort. This progress has been recognized and celebrated by Union Minister Dr. Jitendra Singh, who acknowledged the transformation from minimal awareness to a thriving ecosystem.
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Govt launches mobile app for PM Internship Scheme
Economic Times
·
4m ago
Medial
Union Minister Nirmala Sitharaman launched a mobile app for the Prime Minister Internship Scheme, encouraging company participation. The scheme aims to provide 1.25 lakh internship opportunities in 2024-25, focusing on youth from Tier II and III cities to meet industry skill demands. Interns will receive Rs 5,000 monthly for 12 months and a Rs 6,000 grant. Announced in the 2024-25 Union Budget, it targets 1 crore internships in five years with top companies.
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About 10 crore new women have joined self-help groups: PM Modi
YourStory
·
11m ago
Medial
Prime Minister Narendra Modi emphasized the positive impact of self-help groups on women empowerment in India. He highlighted that around 100 million women have joined these groups, leading to their economic self-reliance and active participation in family decision-making. Modi also praised the success of Indian CEOs worldwide and drew a parallel to the achievements of women in these self-help groups, often referred to as "Lakhpati Didis" (millionaire sisters). The government has allocated substantial funds, with Rs 9 trillion already provided, to support these women's self-help groups.
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Cabinet Approves Bio-RIDE Scheme To Promote Biotech Startups
Inc42
·
10m ago
Medial
The Bio-RIDE scheme includes three components: Biotechnology Research and Development, Industrial and Entrepreneurship Development, and Biomanufacturing and Biofoundry. It aims to provide seed funding, incubation support, mentorship, and grants for R&D to bio-entrepreneurs. The number of biotech startups in India has significantly increased from 50 in 2014 to almost 6,000 last year, according to Union Minister Jitendra Singh.
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Indian youth among the best in innovation and technology: PM Modi
Economic Times
·
9m ago
Medial
Indian Prime Minister Narendra Modi praised the Indian youth for their excellence in innovation and technology, following comments from GitHub CEO Thomas Dohmke. Dohmke stated that India's rise as a global tech leader is unstoppable, highlighting their increasing use of artificial intelligence (AI) in building AI. He also mentioned that India has the second-highest number of contributors to public generative AI projects, suggesting the potential for the country to become the birthplace of the next major AI multinational. Modi responded by acknowledging the Indian youth's talent and expertise in innovation and technology.
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