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Digital Summit: Goyal unveils ‘LEAP' as way forward for Startups

By TIOL News Service

NEW DELHI, JAN 13, 2022: UNION Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal, yesterday called upon the Startups to help micro-entrepreneurs in rural areas, leverage technology to grow their businesses and encourage farmers, weavers & artisans etc. to use digital platforms to sell products.

"Startups will help India transition from an Assembly Economy, particularly in the digital world, to a knowledge-based economy. In this digital age, technology has removed boundaries & barriers and got the limitations of our enterprises out of our minds," he said, addressing the 16th India Digital Summit, 2022 through video conference.

Pointing out that during the last year India emerged as the world's favourite Startup destination, Goyal said our Startups are the agents of change as well as the pillars for making India Aatmanirbhar.

"It's been 6 years of the Startup India Mission. In six years we have already produced 82 Unicorns, the world's 3 rd largest no. of Unicorns with over 60,000 Startups registered at DPIIT and with the growing recognition of our skilled people across the world with investors queuing up from around the world to come and participate in this revolution that we are seeing in this Startup ecosystem," said Goyal, adding, "from 2018-21, in barely three years more than 6 Lakh Jobs were created by our Startups, in fact, in the last year alone, more than 2L jobs were created."

Noting that the Government is only acting as a facilitator, Goyal said we are currently focusing on the 3 Es - Ease of living, Ease of Service & Ease of Skilling, re-skilling & up-skilling. The Minister unveiled ‘LEAP' as the way forward for Startups, - "Leverage, Encourage, Access & Promote". There is always room for improvement & with Sabka Prayas we can strengthen our Startup ecosystem further, he added.


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