NewKerala.com

PM Modi Celebrates 10 Years of Startup India, Hails Youth Innovation

Prime Minister Narendra Modi celebrated the 10th anniversary of the Startup India movement on National Startup Day. He highlighted the courage and innovative spirit of India's youth, who have powered the country's rise in the global startup ecosystem. The Prime Minister credited systemic reforms for creating a conducive environment for startups to venture into new areas like space and defence. Over the past decade, the initiative has recognized over 200,000 startups, becoming a cornerstone of India's economic and innovation architecture.

Key Points: PM Modi on Startup India's 10th Anniversary, Innovation Milestone

  • 10th anniversary of Startup India movement
  • PM Modi hails youth innovation & risk-taking
  • Reforms created conducive startup ecosystem
  • Over 200,000 recognized startups nationwide
2 min read

PM Modi hails decade of innovation as India celebrates 10 years of 'Startup India' movement

PM Narendra Modi marks a decade of Startup India, praising the entrepreneurial spirit of youth and reforms powering growth in space, defence & more.

"This day is about celebrating the courage, spirit of innovation and entrepreneurial zeal of our people, especially our youth. - PM Narendra Modi"

New Delhi, January 16

Prime Minister Narendra Modi today celebrated a historic milestone as the Startup India Movement marked its tenth anniversary.

On National Startup Day, Prime Minister Narendra Modi congratulated all the stakeholders associated with India's Startup industry.

Posting on his social media account, he wrote, "Today is special because we mark a decade since the launch of Startup India. This day is about celebrating the courage, spirit of innovation and entrepreneurial zeal of our people, especially our youth, who have powered India's rise in the global Startup ecosystem."

PM Modi also spoke about India's commitments to strengthen India's startups ecosystem by working with all the stakeholders involved.

Talking about the reforms, he said, "The Reform Express that India has embarked on has created a very conducive atmosphere for StartUps to venture into areas previously unthinkable, be it space, defence and more."

He also spoke about how Indian startups are contributing to the success of Atmanirbhar Bharat by Indian youth taking risks and becoming problem solvers.

Also, talking about the ecosystem, he mentioned the role of mentors, incubators, investors, academic institutions and others who support Startups. "Their support and insights go a long way in encouraging our youth as they innovate and contribute to growth", he noted.

Startup India was launched on 16 January 2016 by the Prime Minister as a transformative national programme to nurture innovation, promote entrepreneurship and enable investment-driven growth, to make India a nation of job creators rather than job seekers.

Over the past decade, it has emerged as a cornerstone of India's economic and innovation architecture. It has strengthened institutional mechanisms, expanded access to capital and mentorship, and fostered an enabling environment for startups to grow and scale across sectors and geographies.

India's startup ecosystem has witnessed unprecedented expansion during this period, with more than 2,00,000 startups recognised across the country. These enterprises have become significant drivers of employment generation, innovation-led economic growth and the strengthening of domestic value chains in diverse sectors.

- ANI

Share this article:

Reader Comments

P
Priya S
It's great to see the recognition, but we must also talk about the challenges. Many startups in tier-2 and tier-3 cities still struggle for funding and mentorship. The ecosystem is very Delhi-Bengaluru centric. Hope the next decade brings more inclusive growth.
V
Vikram M
2 lakh registered startups! That's an incredible number. I remember when starting a business meant endless paperwork and visits to government offices. The ease of doing business has improved significantly. Jai Hind!
R
Rohit P
The focus on Atmanirbhar Bharat is the best part. We are solving our own problems with homegrown solutions. From fintech to agritech, Indian startups are making a global impact. Feeling optimistic about the future.
S
Sarah B
As someone who moved to Bangalore for work, the energy in the startup scene here is palpable. It's inspiring to see so many young people turning ideas into enterprises. The government initiatives have definitely provided a strong launchpad.
N
Nikhil C
While celebrating, let's not forget the high failure rate. Many startups shut down within a few years. We need stronger safety nets and better financial literacy for first-time entrepreneurs. The journey is tough, but worth it.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50