While addressing the first of its kind programme on ‘Industry participation in Startups’ organized by various Industry organisations of Jammu to promote local StartUps, Union Minister of State Dr Jitendra Singh said that under Prime Minister Narendra Modi, India is poised to lead the world’s StartUp ecosystem but regretted that Jammu & Kashmir is lagging behind.
He said, ever since PM Modi had announced “StartUp India, StandUp India” from the ramparts of Red Fort in his Independence Day address of 2015, it picked up in a big way in across the country, but for certain reasons did not receive the same impetus in J&K even though things have begun to change after the new arrangement was introduced over here from 5-6 august 2019.
The Union Minister said, India with its vast unexplored potential and immense innovative, is destined to a frontline role in the world and emphasised sustainable StartUps for sustainable future growth.
For this, he stressed the need for a wider integration and for industry and government to work as equal partners. He said, the demarcation between the public sector and private sector is fast becoming extinct and it has to be a partnership based on equal respect, equal stakes, equal participation and equal investment.
Dr Jitendra Singh said, greater integration and synergy among industry, Government departments, academia and independent institutions was crucial to create an enabling environment for growth of startups. He added that sustainable Startups would sustain the future economy of the India and give it a global visibility in the years to come.
Dr Jitendra Singh said that Prime Minister Narendra Modi soon after taking oath as Prime minister said that minimum Government maximum Governance would be the basic principle for delivering governance to people. PM Modi also said ‘government had no business to be in business and that the Government intends to create an enabling environment for various kinds of industries to flourish, he added.
True to this spirit the Government launched the Start-Up India and Stand-Up India Initiative in that spread a movement from Metros to various States and UTs. He added that due to this initiative the number of Start-ups in India have increased from 1100 in 2014 to 40,000 today, a huge jump, said the Minister
