Summary:

Union Minister of Commerce & Industry, Mr Piyush Goyal, has called for accelerated investment in frontier technologies such as robotics, automation, machine learning, 3D manufacturing and nextgeneration smart factories to propel India towards its Viksit Bharat 2047 vision. Addressing the inaugural session of the second edition of Startup Mahakumbh in Delhi, he underscored the pivotal role of innovation in positioning India as a global powerhouse in industry and technology. As the world’s third-largest startup ecosystem, India’s ascent has been fuelled by a dynamic entrepreneurial spirit and groundbreaking technological advancements. The event, running from 3rd to 5th April 2025, serves as a platform to highlight the transformative impact of startups on India's economic and technological landscape.

Mr Goyal urged Indian investors to take a proactive role in nurturing the domestic startup ecosystem, emphasising the need to boost indigenous capital investments. He reiterated that reducing reliance on foreign funding is critical for ensuring long-term economic resilience and selfreliance. By strengthening India’s capital base and fostering a culture of homegrown investment, the country can safeguard its innovation-driven growth. Expressing confidence in the collective efforts of entrepreneurs, investors and policymakers, he affirmed that India’s startup ecosystem will continue to flourish, driving national prosperity and global competitiveness.

Source: IBEF

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