Stage is set for Indian Startups, says DPIIT Secretary Rajesh Kumar Singh

By Team Startupcity  |  Tuesday, 19 March 2024, 12:19 IST

Stage is set for Indian Startups, says DPIIT Secretary Rajesh Kumar Singh
As the biggest celebration of startups in India, Startup Mahakumbh is started at Bharat Mandapam, Pragati Maidan, the Secretary of DPIIT (Department for Promotion of Industry and Internal Trade) & the Ministry of Commerce and Industry - MOC & I Rajesh Kumar Singh carried out the opening speech in front of chief government & private officials such as Amitabh Kant - G20 Sherpa & Former CEO, NITI Aayog, GoI, Members of organizing committee including Prashanth Prakash - Founder, Accel, Sanjay Nayar - Senior Vice President, ASSOCHAM & Founder & Chairman, Sorin Investments, Archana Jahagirdar - Founding & Managing Partner, Rukam Capital and Sanjeev Bikhchandani - Co-founder & Executive Vice Chairman, Info Edge and Satya Narayan Meena - CEO & CFO, IRSSE. 
In his key note address, Rajesh Kumar described the Startup Mahakumbh as ‘coming out’ party in the startup ecosystem of India. Also he underscored, the Startup Mahakumbh exemplifies the vision of our Prime Minister that the entire society should admit the objective of flattering a developed country & work towards it. He highlighted, "It also encapsulates the idea of public-private partnership, given the event is backed by DPIIT and organized by industry stakeholders. It will be interesting to see. The Indian Startup landscape is an avalanche of new ideas and we are ready to celebrate it in the form of Startup Mahakumbh. It will be encouraging to see the kind of synergies that companies and startups exhibiting here create. We hope that Startup Mahakumbh allows everyone to pursue their path to dreams, further charting the path towards Viksit Bharat”. 
Similarly, Amitabh Kant, G20 Sherpa & Former CEO, NITI Aayog highlighted, “From 4 to 400+ incubators, 150+ unicorn, $350B+ valuation, 20x increase in funding, 12x increase in investors, 8x increase in incubators - India’s startup story is a truly remarkable one. Today, the sector has created close to a million jobs, 10M indirect jobs, and 4M+ jobs in the gig economy. This has been made possible by young startups, disrupting the system. We believe that startups are national assets and the challenge is to take India from third to first position on the global map. It will be imperative to focus on corporate governance, finance management, good audit, good mentorship, and professional board for startups to build a sustained growth story in the ecosystem.”
 

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