New Delhi, Feb 26 (KNN) Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) highlighted a significant surge from less than two dozen start-ups in 2015 to over 1,12,000 start-ups today.

“Start-up India is a flagship initiative of the government of India. It was launched in 2015 with about less than two dozen start-ups, and today we are ranked third globally with about 1,12,000 start-ups," he stated

Speaking at the Avaana Capital-Start-up India Grand Challenge for ClimateTech Innovation event in the capital, Singh emphasised the transformative impact of Start-up India, a key government initiative launched in 2015

He noted that among these start-ups, more than 600 are engaged in climate tech endeavours, focusing on green technology, renewable energy, and waste management.

"Over 39 per cent of these climate tech start-ups are led by women directors, and more than 49% of them originated from tier-two and tier-three cities," he said at the event.

The event aimed to recognise and support innovative start-ups addressing climate change challenges, spanning areas such as energy transition, sustainable agriculture, circular economy, water management, and industrial decarbonisation.

(KNN Bureau)