وزیر اعظم نے فون پر فیڈرل چانسلر آف جرمنی ہز ایکسی لینسی اولف اسکولز سے بات چیت کی

Prime Minister Narendra Modi has regularly stressed that to enable India to earn the tag of a developed nation; the key is to develop a robust support mechanism aided by technological innovation, which will facilitate the growth of startups and boost the innovation ecosystem in the nation. In 2022 while addressing the entrepreneurs, PM Modi described the present decade as ‘techade’.

Multiple programmes have been implemented since 2014 to recognise, develop and promote technological innovations through startups, making them capable of raising private investments and encouraging entrepreneurship and job creation in India.

There has been a conscious effort at the level of the central government to liberate entrepreneurship and innovation from the web of government processes and bureaucratic silos; second, to create an institutional mechanism to promote innovation; and third, to handhold young innovators and youth enterprises! Programs like Start-up India, Stand-Up India are testimony of such efforts.

Startup India initiative was launched in 2016 to build a robust startup ecosystem in the nation by supporting entrepreneurs through tax benefits, easier compliance, IPR fast-tracking and various other benefits. Eligible companies recognised as startups by the Department for Promotion of Industry and Internal Trade (DPIIT) get the scheme's benefits.

Since the inception of the scheme in 2016 till April 2023, India has over 99,000 DPIIT-recognised startups, which are spread across 56 diversified sectors. Out of these startups, more than 15% are in the sectors like agriculture, healthcare and life sciences, automotive, telecommunication and networking, computer vision, etc. Over 7,000 recognised startups are in sectors like construction, household services, logistics, real estate and transportation and storage, contributing towards urban concerns.

In 2017, the ‘Startup India Online Hub’ hosted startups, investors, funds, mentors, academic institutions, incubators, accelerators, corporates, government bodies, and other startup ecosystem players to discover, connect and engage with each other. Further, in 2017, the ‘Government e-Marketplace (GeM)’ was launched to enhance transparency, efficiency and speed in public procurement. This medium has now proved to be an enabler for increased market access to seller groups such as startups and MSMEs under the Make in India initiative. As of now, the GeM portal has more than 30 lakh products and 60 lakh sellers and service providers with an order value of over Rs. 4 lakh crore.

To assist young entrepreneurs and encourage technology startups, ‘Technology Incubation and Development of Entrepreneurs (TIDE)’ was launched to promote tech entrepreneurship through financial and technical support. TIDE 2.0, which has been implemented since 2019, is expected