Along with Make in India, Design in India is also important for startups: PM Modi

New Delhi, June 6 (KNN) The government is taking several measures to promote young entrepreneurs in the country, said Prime Minister Narendra Modi while interacting with young entrepreneurs.

He said startups are no longer confined to big cities adding that smaller towns and villages are emerging as vibrant startup centres.

Interacting with the young entrepreneurs from across the country, including cities like Dehradun, Guwahati and Raipur, Prime Minster said that the adequate capital, courage and connecting with people are required for excelling in the startup sector.

“Along with Make in India, Design in India too is important for startups," he added.

Further, he said gone are those days when startups meant only digital and technology innovation, now with the changing time, startups are emerging in various fields including agriculture.

Casting light on the programs to promote startups in various fields, Modi invited youngsters to participate in Agriculture Grand Challenge initiated by his government to ideate on how to transform our agriculture sector.

Further, he mentioned that the government has launched the Startup India Action Plan to promote budding entrepreneurs in the country. The plan is aimed at giving incentives such as tax holiday, inspector raj-free regime and capital gains tax exemption.

"Our startups are growth engines. Today's big companies were startups at some point. I urge the people of India to keep innovating," he added. 

Highlighting the importance and role of youth, Modi said that the youth in India is now creating jobs and the government is committed to harnessing the demographic dividend.

Commenting on the issue of fund availability for startups, Modi said the government has created a Rs 10,000 crore Fund of Funds.

He also said startups can sell their products to the government and it has eased public procurement norms for them.

India has distinguished itself in the global startup ecosystem, the Prime Minister added.