Bengaluru, NFAPost: The Indian startup ecosystem’s remarkable growth trajectory stands as a testament to the country’s readiness to embrace technological innovation across all spheres of life. With over 4,000 registered startups, the nation has secured its position as home to the world’s third-largest startup ecosystem, joining the ranks of top players like the US and China. Bengaluru has emerged as the leading tech destination at the forefront of this thriving ecosystem, boasting an impressive 40 unicorns and 44 Soonicorns.
The Bengal Chamber of Commerce and Industry (BCC&I), a key player in supporting businesses since 1833, organized the inaugural edition of the “Tech-E Summit” in Bengaluru. The summit, centred around “Unfolding the Startup Momentum,” aimed to foster dialogue and collaborations between investors and startups, recognizing their crucial roles in the technology ecosystem’s success.
Mr. Arnab Basu, Chairperson of the IT Committee Senior Vice President at The Bengal Chamber and Advisory Leader at PwC India, highlighted the summit’s objectives, emphasizing the significance of connecting stakeholders, understanding different perspectives, and identifying new opportunities.
During the event, Dr. E.V. Ramana Reddy, IAS – Additional Chief Secretary of the Department of Electronics Information Technology Biotechnology and Science & Technology, Government of Karnataka, shed light on Karnataka’s impressive journey in technology innovation. He praised Bengaluru as one of the world’s best cities for experts to live in and applauded its skilled workforce, enabling the rapid expansion of manpower from 500 to 5,000 within 2-3 years. Additionally, he lauded Bengaluru for being the world’s second-largest talent hub in AI. Dr. Reddy expressed the Karnataka Government’s long-standing support for startups and entrepreneurs and warmly welcomed West Bengal to explore opportunities for growth in Karnataka.
Mr. Sanjeev Kumar Gupta, CEO of Karnataka Digital Economy Mission, stressed the importance of decentralizing investments to create more tech hubs like Bengaluru outside the city. This approach would alleviate pressures on infrastructure and promote distributed growth in the ecosystem.
Shri Babul Supriyo, Hon’ble Minister-in-Charge of the Information Technology and Electronics Department, Government of West Bengal, was present at the summit, engaging with potential venture capitalists (VCs) to foster support for promising startups from his state. He highlighted Bengal’s location advantages and the ease of life in Kolkata, emphasizing that the IT&E Department of the Government of West Bengal works around the clock to support investors.
The summit witnessed the participation of several esteemed industry leaders and thought influencers, including Mr. C N Raghupathi, Founder Director of Manipal Innovation Leadership and Entrepreneurship School; Mr. Ravindra Chamaria, Group Chairman of Infinity Infotech Parks Limited; Mr. S. Radhakrishnan, Executive Director & President of Infinity Infotech Parks Limited and Former President of The Bengal Chamber, among others.
The “Tech-E Summit” in Bengaluru successfully sparked meaningful dialogues, initiated collaborations, and shed light on the incredible potential of the Indian startup ecosystem. With Bengaluru leading the charge, the country is poised to strengthen its position as a global tech innovation hub, with cities like Delhi, Mumbai, and Hyderabad also playing pivotal roles in the thriving startup landscape.
