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The valuation of the startup ecosystem within the nation is almost Rs three lakh crore, Union Commerce and Trade Minister Piyush Goyal mentioned on Saturday.
“…the truth that we’re in all probability 110-plus unicorns, about 75 or so soonicorns that are on their technique to change into unicorns, is really a outstanding achievement. The final time we did a valuation of our startup ecosystem, it got here to about USD 368 billion, that is almost three lakh crore rupees,” he mentioned.
Goyal mentioned there are over 80,000 startups within the nation registered with the Trade Ministry.
“We have now about over one million folks instantly engaged by them. Should be many million extra who’re not directly concerned in the whole startup ecosystem. Over a 110 unicorns,” he mentioned.
He spoke concerning the numerous initiatives taken by the federal government to advertise the startups.
The federal government can be strengthening the patent places of work and every part goes to be on-line, he mentioned.
He was replying to a question on what’s being carried out to spice up the startup ecosystem, amongst others.
Goyal was talking right here at an interplay with college students, school and alumni of Indian Institute of Overseas Commerce (IIFT), Nationwide Institute of Trend Expertise (NIFT), Nationwide Institute of Design (NID) and others.
(Solely the headline and film of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)
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