With 42 unicorn start-ups being created last year and India racing to the milestone of one billion internet users, the country will soon make a century of unicorns, Prime Minister Narendra Modi said on Saturday. He also announced that January 16 will be celebrated as National Start-up Day from now on.
Even during the good days earlier, only a few companies would become big. But in the past one year 42 unicorns have been made. These billion dollar startups are proof of India becoming Aatmanirbhar (self-dependent) and our country's Aatmavishwas (self-confidence), he said.
Prime Minister Narendra Modi interacted with over 150 start-ups today to boost the start-up ecosystem in the country.
The Prime Minister emphasised that it was important for start-ups to not limit themselves to the country, but have global aspirations with the experience of catering to a large and diverse market like India. India's diversity is our strength. It is our global identity. Our unicorns and start-ups are the messengers of this diversity, he said.
PM Modi also highlighted the governments commitment to innovation and star-ups through programmes and measures such as the Atal Innovation Mission, new space technology and drone technology policies, easier compliance processes for start-ups and ironing out the issues regarding angel tax which hamstrung start-up funding earlier.
The Prime Minister said that the new drone policy has started showing results with the Army, Navy and Air Force having already placed about Rs 500 crore worth of orders with drone companies.
He said that India had progressed to a much better global innovation index ranking of top 50 in the world even as the number of patents granted increased from around 4,000 in 2013-14 to more than 28,000 last year, while the number of trademarks registered rose from 70,000 to more than 250,000 in the same period.
The Prime Minister called upon start-ups to look towards solving challenges related to the rural economy and manufacturing sector. Your hard work, businesses, job creation and wealth creation are for the countrys benefit. I want to match shoulder to shoulder with you to transform the youth's enthusiasm into country's enthusiasm, he said.
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