Home / Business and Economy / PM Modi Champions India's Startup Future, Targets Global Lead
PM Modi Champions India's Startup Future, Targets Global Lead
16 Jan
Summary
- India aims to lead global startup trends and technology within a decade.
- Prime Minister Modi emphasized AI's critical role for competitive advantage.
- The Startup India initiative, launched in 2016, marks its tenth anniversary.
Prime Minister Narendra Modi declared India's ambition to lead the world in startup trends and technology over the next decade. Speaking at an event marking ten years of the 'Startup India' initiative, he emphasized the nation's confidence in its entrepreneurs and innovators. Modi highlighted that a forward-looking approach to Artificial Intelligence is key to gaining a competitive edge globally.
The Prime Minister encouraged founders to focus on novel ideas, problem-solving, and developing high-quality products. He stressed the importance of integrating manufacturing and research, noting that current research efforts will shape future intellectual property. The 'Startup India' program, launched on January 16, 2016, aims to cultivate innovation and entrepreneurship, transforming India into a hub for job creators.
Modi also mentioned that the government has streamlined processes by removing outdated regulations and providing seed funding to support startups. This anniversary event provided an opportunity for the Prime Minister to engage directly with the founders driving India's dynamic startup ecosystem, reinforcing the commitment to nurturing its growth and global impact.
