Share
 
Comments
India is a youthful nation. Today's youngsters are becoming job creators: PM Modi
There was a time when start-ups meant only digital and tech innovation. Things are changing now. We are seeing start-up entrepreneurs in different fields: PM
Start-ups are no longer only in big cities. Smaller towns and villages are emerging as vibrant start-up centres: PM
India has distinguished itself in the global start-up eco-system: PM Modi
Along with ‘Make in India’, 'Design in India' is also essential: PM Modi
If we do not innovate, we will stagnate: PM Modi

The Prime Minister, Shri Narendra Modi, today interacted with young innovators and Start-Up entrepreneurs from across the country, through video bridge. This is the fourth interaction by the Prime Minister through video bridge series with various beneficiaries of Government schemes.

Delighted at India’s youngsters becoming job creators, Prime Minister said that the Government is committed towards harnessing the demographic dividend. The Prime Minister further said that adequate capital, courage and connecting with people are required for excelling in the start- up sector.

Prime Minister said that things have changed from the time where start-ups meant only digital and technology innovation. He said that now there are start-up entrepreneurs in many fields. Start-Ups are filed in 28 States, 6 Union Territories and 419 districts. Out of these, 44% of start-ups registered are from Tier-2 and Tier-3 cities as Start-Up India is focussing on encouraging local innovations from their areas. In addition, 45% of the start-up are set up by women.

Shri Narendra Modi also explained how filing patents and trademarks have become easy under the government. Government has brought down the number of forms needed to apply for trademark from seventy-four to eight, resulting in three-fold increase in Trade Marks registration in three years. Number of patents registered has also seen a three-fold increase compared to the previous government.

During the interaction with young entrepreneurs, Prime Minister said that the government has created Rs.10000 Crore ‘Fund of Funds’ to ensure that young entrepreneurs may not face shortage of funds for their start-ups and to facilitate youngsters to innovate. Through the ‘Fund of Funds’, Rs.1285 Crore funding has been committed, leveraging a total of Rs.6980 Crore in venture funds so far.

Explaining the steps taken by the government to make India’s start-up ecosystem robust, Prime Minister said that the Government-e– Market Place (GEM) has been linked to Start-Up India portal so that start-ups can sell their products to government. Start-Ups have been given income tax exemption for three years. Six labour laws and three environmental laws have been changed so that young entrepreneurs need to provide only self-certification. Government has also started a one-stop digital platform called Start-Up India Hub where all information regarding start-ups and its ecosystem is available for entrepreneurs.

Interacting with the participants, Narendra Modi said that in order to foster innovation and competition amongst youngsters, Government has started various competitions like Atal New India Challenge, Smart India Hackathon and Agriculture Grand Challenge. Prime Minister also mentioned his discussion with Prime Minister of Singapore, on holding a Smart India Hackathon like challenge between innovators from Singapore and India.

Prime Minister also reiterated the Governments’ commitment in encouraging innovation in India. Eight Research Parks and 2500 Atal Tinkering Labs are being established all over the country to encourage youngsters to take up research and innovation.

Addressing the innovators, Narendra Modi invited youngsters to ideate on how to transform agricultural sector. He said that ‘Design in India’ is essential along with ‘Make in India’. Prime Minister also encouraged youngsters to continue innovating and gave the mantra of ‘Innovate or Stagnate’.

Interacting with the Prime Minister, young innovators explained how the various government schemes under Start-Up India initiative have helped set up the new start-ups. Entrepreneurs and innovators also explained their innovations to Prime Minister ranging from agricultural innovations to Block chain technology. Schoolchildren from various Atal Tinkering Labs shared their innovations with the Prime Minister. Prime complemented the schoolchildren for their scientific skills and encouraged them to come up with more such inventions.

Prime Minister gave a clarion call to nation to make ‘Innovate India’, a mass movement. He encouraged the citizens to share their ideas and innovations through the hashtag #InnovateIndia.

 

Share your ideas and suggestions for Mann Ki Baat now!
Modi Govt's #7YearsOfSeva
Explore More
It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi

Popular Speeches

It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi
Agri, processed food exports buck Covid trend, rise 22% in April-August

Media Coverage

Agri, processed food exports buck Covid trend, rise 22% in April-August
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
PM’s Departure Statement ahead of his visit to USA
September 22, 2021
Share
 
Comments

I will be visiting USA from 22-25 September, 2021 at the invitation of His Excellency President Joe Biden of the United States of America

During my visit, I will review the India-U.S. Comprehensive Global Strategic Partnership with President Biden and exchange views on regional and global issues of mutual interest. I am also looking forward to meeting Vice President Kamala Harris to explore opportunities for cooperation between our two nations particularly in the area of science and technology.

I will participate in the first in-person Quad Leaders’ Summit along with President Biden, Prime Minister Scott Morrison of Australia and Prime Minister Yoshihide Suga of Japan. The Summit provides an opportunity to take stock of the outcomes of our Virtual Summit in March this year and identify priorities for future engagements based on our shared vision for the Indo-Pacific region.

I will also meet Prime Minister Morrison of Australia and Prime Minister Suga of Japan to take stock of the strong bilateral relations with their respective countries and continue our useful exchanges on regional and global issues.

I will conclude my visit with an Address at the United Nations General Assembly focusing on the pressing global challenges including the Covid-19 pandemic, the need to combat terrorism, climate change and other important issues.

My visit to the US would be an occasion to strengthen the Comprehensive Global Strategic Partnership with USA, consolidate relations with our strategic partners – Japan and Australia - and to take forward our collaboration on important global issues.