Startups

Nearly 53,000 startups in India, over 5.7 lakhs jobs created: Govt

Read more at timesofindia.indiatimes.com

NEW DELHI: There are nearly 53,000 startups in India and they have created over 5.7 lakh jobs, the government informed the Parliament on Wednesday.
BJP MP from Maharashtra, Manoj Kishorbhai Kotak, who is also member of the Standing Committee on Finance asked the government about the number of “direct and indirect jobs that have been created by startups in the last three years” and the government’s plan on promoting startups.
In its reply, Minister of state in the ministry of commerce & industry Som Parkash said “52,391 entities are recognized as startups by Department for Promotion of Industry and Internal Trade (DPIIT).”
“As of 14th July 2021, there are 53 unicorns currently in India, with a tentative valuation of Rs. 1.4 lakh crore. As of 14th July 2021, more than 5.7 lakh jobs have been reported by more than 50,000 startups.”
The Union government started the Startup India initiative in 2016 with the objective of “supporting entrepreneurs, building a robust startup ecosystem.”
In January this year, Prime Minister Narendra Modi announced the launch of Rs 1,000-crore ‘Startup India Seed Fund‘ to support startups and help budding entrepreneurs pursue innovative ideas.
The minister said the government is working on actionable plans for promotion of ease of doing business for startups, greater role of technology in executing various reforms, building capacities of stakeholders and enabling a digital Aatmanirbhar Bharat.

Read more at timesofindia.indiatimes.com

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