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Showing posts from March, 2021

Govt mapping global skills requirements to help entrepreneurs

  Prime Minister Narendra Modi said recently that the government is mapping the global skills requirements while exhorting Indian youth to skill, reskill and upskill in order to remain relevant in the rapidly changing business environment and market conditions.   “There are a lot of opportunities opening up across sectors and all over the globe”. he said. Viewed in a global context, investors can be assured that India is the best destination in the  world said  Prime Minister Narendra Modi. "I consider entrepreneurs as India’s ‘Growth Ambassadors’. I want to tell them that our government will leave no stone unturned to make India a better place to do business in all aspects. We want entrepreneurs to get better productivity and better profits, we want our industries to grow in speed and scale, we want our businesses to get access to bigger markets, both at home and abroad. We want our investors to earn more, invest more and create more jobs, said Modi.   Modi said that this country

Startup India gives major push to India’s entrepreneurial spirit

Startup India has provided a major push to the country’s entrepreneurial and innovative spirit. The number of government-recognized startups, under the Startup India initiative launched by Prime Minister Narendra Modi in January 2016, has grown nearly 85X. Registered with the Department for Promotion of Industry and Internal Trade (DPIIT), the number of startups has increased from 504 in 2016 to overall 42,733 startups in 2020, according to the Commerce Ministry’s data. The annual number of recognised startups scaled to 5,420 in 2017 followed by 8,946 startups in 2018, 11,683 startups in 2019, and 14,778 startups in 2020. India now has 26 unicorns and more than 31 soonicorns. Overall, startups have created a value of USD 130 bn. Also, the Indian government’s attempts to build exchange programmes with foreign startups in countries like Germany and SAARC nations has opened new doors of opportunities for the stakeholders in the startup ecosystem. Modi's  Startup India Action Plan inte