: Startups are the new champions of Aatmanirbhar Bharat: Commerce Minister #FinanceIndia #StockMarketNEWS Startups are the new champions of Aatmanirbhar Bharat: Commerce Minister New Delhi, Apr 16 (KNN)

@StockMarketNEWS Mon 19 Apr, 2021

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Startups are the new champions of Aatmanirbhar Bharat: Commerce Minister #FinanceIndia #StockMarketNEWS
Startups are the new champions of Aatmanirbhar Bharat: Commerce Minister New Delhi, Apr 16 (KNN) Union Minister of Commerce and Industry Piyush Goyal has said that startups are the new champions of Aatmanirbhar Bharat.

He said this while chairing a meeting the first meeting of National Startup Advisory Council (NSAC) on Thursday which was constituted by the Department for Promotion of Industry and Internal Trade (DPIIT) to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.

Besides the ex-officio members, the council has a number of non-official members, representing various stakeholders such as founders of successful startups, veterans who have grown and scaled companies in India, persons capable of representing interest of investors into startups, persons capable of representing interests of incubators and accelerators, representatives of associations of stakeholders of startups and representatives of industry associations.

In his inaugural address, Goyal said that this council shall act as the guiding light for many budding startup entrepreneurs in India.

This is the first time in our nation’s history where such a high-powered team of people from the private sector and the Government have come together, so that ‘You take your own policy decisions’, he added.

Appreciating the work done by the startups in all sectors, for finding innovative solutions to various problems, Goyal said that India is a hub of innovation & out-of-the-box thinking. He said that Startup movement has stirred the entrepreneurial spirit in the last 5 years.

“We have witnessed tremendous efforts by stakeholders right from national to block levels towards the realization of our PM’s ‘Startup India’ vision, he said.

Describing the Startups as the New Champions of Aatmanirbhar Bharat, Goyal said that we have the potential to become World’s largest and most innovative startup ecosystem adding, the government has and will always be a supportive partner in charting progress of Indian Startup ecosystem.

Calling for making “Startup India” a symbol of national partnership and national consciousness, the Minister stressed on the need to sow the seeds of entrepreneurship at school level to encourage students to innovate. He also called upon the successful entrepreneurs to take initiative to share their knowledge, experience, ideas and mentor students and youth.

There are innovative ideas with people in rural India, and Tier II and Tier III towns, waiting to be harnessed, he said.