Start-up count increases by 15000% in 6 years in India

New Delhi, July 25 (KNN) From 2016 to June 30, 2022 the number of recognised start-ups in India have increased from 471 to 72,993, said Som Parkash, MoS for Commerce and Industry in a written reply to a question in Rajya Sabha.

It indicates a 15,400 per cent rise in start-ups in a span of 6 years.

Department for Promotion of Industry and Internal Trade (DPIIT) has recognized start-ups which are spread across 56 diversified sectors, said the Minister.

More than 4,500 start-ups are related to Internet of Things (IoT), robotics, artificial intelligence, analytics, etc.

“The Innovation and Agri-entrepreneur development programme was launched by the Department of Agriculture & Farmers Welfare to promote innovation and entrepreneurship by providing financial support.

Start-ups under the programme are taking up projects in various fields of agriculture and allied sectors like Agro Processing, Food Technology & Value Addition etc.

The Minister in his reply highlighted the various other initiatives such as under National Initiative for Developing and Harnessing Innovations (NIDHI) different programmes range from providing fellowships to the students opting for entrepreneurship were launched.

The government has also operationalized 26 Centres of Excellence (CoEs) in diverse areas of national interest for driving self-sufficiency and creating capabilities to capture new and emerging technology areas.  (KNN Bureau)