Digital age has created a fertile new environment for Startups, Prime Minister Narendra Modi said at an event in San Jose, California.
Modi emphasised that Startups will have an important role in achieving the NDA Government’s ambitious Digital India vision. “From creating infrastructure to providing services, from manufacture of products to human resource development, from supporting governments to enabling citizens and promoting digital literacy, Digital India is a vast cyber world of opportunities for Startups,” he said.
The Prime Minister said, “The convergence of technology, integration across diverse fields, distributed architecture and people willing to back an idea, have opened a new world for enterprise. I see Startups, technology and innovation as exciting and effective instruments for India’s transformation, and for creating jobs for our youth.”
Highlighting the rapid growth of Startups’ ecosystem in India driven by the energy, enterprise and innovation of youth, Modi said, “We have a huge market with rapid growth and untapped opportunities in every sector. We now have the institutions, incentives and interest for new ventures. We have incubators, accelerators and investors willing to back an idea and assume risks.”
The outstanding group of Startups in India is applying technology to transform healthcare, education, agriculture, clean energy, security, financial inclusion of the poor and access to clean water, he added. “Our Startups represent not just commercial success stories, but are powerful examples of social innovation.”
Pitching for partnership between India and the United States, he said that the two countries together can advance towards prosperity with innovation and technology.
