Union Minister of Commerce & Industry and Textiles Piyush Goyal has said that Indian start-up ecosystem has the potential to make India the innovation & invention hub in the world.
The Indian Government wants to see new start-ups emerge across India especially in Tier-2 and Tier-3 cities. It will catalyse employment generation and strengthen forward as well as backward linkages.
Addressing the virtual meeting of National Startup Advisory Council National Startup Advisory Council (NASC), he said that implementation of ideas of financing, mentorship, taxation, etc. will enable us to strengthen our start-up ecosystem further.
The Minister said that India’s start-up ecosystem is a reflection of Indian youth’s energy, enthusiasm and agility and Startup India movement has brought a ‘change in mindset’ from ‘can do’ to ‘will do’.
“Our start-up ecosystem has the potential and promise to make India the innovation and invention hub of the world and NSAC has been working tirelessly to pave the way forward for budding start-up entrepreneurs in India.
He said that NSAC will nurture start-ups to aim for higher competitiveness and make India the start-up capital.
It can be mentioned here that with nearly 60 unicorns, India has one of the largest start-ups stable in the entire world. India has achieved 21 unicorns in last 6 months.
He asked DPIIT to now act as a ‘facilitator’ with open doors, open arms and open mind.
Rajan Anandan, MD, Sequoia Capital; Ritesh Agarwal, Founder, OYO Rooms; Manoj Kohli, Country Head, Softbank India; Abhiraj Bhal, Co-founder, UrbanCompany; Kunal Bahl, Co-founder, Snapdeal; Sanjeev Bhikchandani, Co-founder, InfoEdge; Mohandas Pai, Co-founder & Chairman, Aarin Capital and many other stalwarts were present in the meeting.
Bharat Tex Special Report 2026 
