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Startups to help India transition from assembly economy to knowledge-based economy: Goyal
Jan-13-2022

Commerce and Industry Minister Piyush Goyal has said that startups of the country will help India transition from an assembly economy, particularly in the digital world, to a knowledge-based economy. In this digital age, technology has removed boundaries and barriers.

The minister said that Indian startups are the agents of change as well as the pillars for making India aatma nirbhar (self reliant). He also said the startups are growing beyond geographical borders and there are a lot of opportunities for them across the world.

He said ‘we are currently focusing on ease of living, ease of service and ease of skilling, re-skilling and up-skilling. He stated that the government has taken a series of steps such as relaxation in public procurement norms, introduction of fund of funds and seed fund scheme to support the budding entrepreneurs. He hoped all these steps have brought simplification, facilitation and empowerment to entrepreneurs.

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