By TIOL News Service

NEW DELHI, NOV 08, 2020: THE Prime Minister, Mr Narendra Modi, has asked the fresh IIT graduates to recognize the needs of the country and connect with the changes on the ground. He also asked them to identify with the aspirations of the common people in the context of Atamnirbanar Bharat. Prime Minister was addressing the 51st Annual Convocation Ceremony of IIT Delhi as Chief Guest via video conferencing, here yesterday.          
    
Prime Minister said yesterday that India is among the countries where corporate tax is the lowest. More than 50 thousand startups have started in India since the Start-up India campaign. He listed the outcome of the Government’s efforts with respect to promoting startups like the four-fold increase in the number of patents in the country in the last five years, a five-fold increase in trademark registrations. He said over 20 Indian unicorns have been established over the years and this number would increase further in the next one or two years. Prime Minister pointed out that today from incubation to funding, Startups are being helped. He said for funding of startups, Fund of Funds has been created with a corpus of Rs 10 thousand crores. In addition for a period of 3 years, startups are offered many facilities like Tax Exemption, Self-Certification and Easy exit.

Prime Minister said under the National Infrastructure Pipeline, investment of more than Rs one lakh crore has been planned. This will create a state-of-the-art infrastructure across the country that will meet the needs of both present and future. He said today the country is working in new ways to achieve maximum potential in every field.