Commerce and Industry Minister Piyush Goyal on Tuesday said India has naturally emerged as the startup capital of the world with the highest registered startups and applauded the suo motu decision of the oil PSUs, under the Petroleum Ministry, to set up a startup fund that will encourage Indians to innovate and set up their own companies.
‘India will soon become the innovation capital of the world and informed that during his interactions with young innovators, even in the remote parts of the country, youngsters come forth with bright ideas to solve number of economic and social problems that prevail in India today,’ Mr Goyal said participating in the 3rd edition of India Energy Forum2019 by CERAWeek here.
The Minister said he is extremely proud of the young girls and boys who are the driving force behind the startup revolution taking place in India today. Mr Goyal was part of the Indian Ministerial panel along with Minister for New and Renewable Energy R K Singh and Coal and Mines Minister Pralhad Joshi. The discussions were conducted by Daniel Yergin, Pulitzer prize winning author, speaker and energy expert.
Mr Goyal said that he was not worried about the state of the world in this time of trade wars as these were issues waiting to be addressed. The countries of the world cannot develop when few countries are giving subsidies and nurturing an eco-system of unfair trade and competition among industries. ‘It is the need of the hour to have a more balanced development across the world and distributed sources of wealth creation,’ said Mr Goyal. (UNI)
