Prime Minister Narendra Modi has announced that January 16 will be celebrated as ‘National Startup Day’.
During the interaction with a startup of various sectors, PM said that the startup would be the new Indian backbone.
“Start-up will be a new indian backbone.
When India completes 100 years of independence, startup will have an important role.
State innovators make the country proud globally,” said Prime Minister.
Foundups and CEO Startup throughout the country have welcomed the PM Announcement and expressed happiness for recognition given in the startup sector in India.
Here are quotes from the Co-Founder and CEO of the three startups.
Gaurav Mangla, CEO and one of the founders of Pickrra Day dedicated to Startups of India is a big step, and Pickrr appreciates the initiative announced by PM Modi in promoting startup ecosystems in India.
It will provide wings to the startup that grows and motivates all our innovative young men to start something of their own.
The National Start-Up Day will provide a platform for employers to discuss the importance of entrepreneurship and innovation to Indian youth and economics.
According to reports, Startup India collected $ 42 billion in 2021, up from $ 11.5 billion in the previous year.
This shows this sector’s commitment.
Fintech, D2C brand, and SaaS (software as a service) is a business that appears.
India has the third largest startup ecosystem globally, with around 60,000 startups contributing greatly to the Indian economy.
Aakrit Vaish, Co-Founder and CEO, Jio Hapiko Tech Adoption is booming in every corner of the country and every type of business becomes a digital first business.
Up to five years ago, technology and digital were considered a cool thing to do, but now it has become a request where all technology and digital.
The most important thing is that PM recognition of employers’ problems and recommendations to them is the greatest source of inspiration for creative people.
Thus, this is the right time to be in the industry.
An idea can change the direction of your trip but there are many challenges that must be faced by someone when building startups such as financial management, building teams, fierce competitions, guidance, consulting and education about what you want.
But with the right information and support can be handled easily.
Pay attention to government involvement with startup and support them through steps such as Startup India, eliminating the problem of ‘angel tax,’ simplifying tax procedures, regulating government funds, allowing self-certification from nine environmental laws and three leghings, and releasing more than 25 Thousand Compliance.
Pulkit Agrawal, Co-Founder and CEO, Trellgetting News that inspires before the budget gives all the entrepreneurs of hope and the urge is needed.
This initiative will increase awareness of the startup ecosystem and the creation of further employment accelerate the support of the country’s entrepreneurship community.
Government decisions and messages about prioritizing innovation, entrepreneurship, and startup environment have three important features – entrepreneurship must be free of bureaucratic silos, institutional structures for innovation must be built, and give young innovators to grow and develop.