Department for Promotion of Industry and Internal Trade (DPIIT) Secretary also called upon startups to look for sustainable solutions for the problems being faced by the society at large
New Delhi, NFAPost: The government has taken several steps to strengthen the startup ecosystem and startups should focus on tier 2 and 3 cities, which holds huge business opportunities, DPIIT Secretary Anurag Jain said on Thursday.
Department for Promotion of Industry and Internal Trade (DPIIT) Secretary also called upon startups to look for sustainable solutions for the problems being faced by society at large.
“We should not forget the rural markets, tier 2 and 3 cities. The rural market will grow very fast… In our solutions, we should always remember whether my solution is sustainable or not,” Jain said at CII’s Global Unicorn Summit Nurturing 1000 Unicorns by 2030.”
He added that India’s startup ecosystem is the third-largest in the world and the country is second highest in adding the number of unicorns.
“Now we are adding 80 startups every day and that pace is the highest in the world… We can hope to become the largest startup ecosystem in the world in the times to come… More than half of the startups come from tier 2-3 cities,” he added.
Other guests at the event included those involved in leading the Intelligent World 2030 project. Kevin Zhang, CMO of Huawei’s ICT Infrastructure Business, and Wang Youchun, Director of Huawei’s ICT Insights Dept, shared their thoughts on the intelligent world of 2030, participated in discussions about how ICTs can advance socioeconomic and green development, and explored how industries can move toward the intelligent world of 2030.
Much of the discussion at the event centered on digitalisation and decarbonisation, and how these two major trends drive and reinforce each other, both serving as engines of the world’s green development. Intelligent World application scenarios, innovations in computing and connectivity technologies, and green development practices were also discussed at the event.
