India to have 10,000 unicorn in next 4-5 years: MoS Rajeev Chandrasekhar

Hyderabad, July 17 (KNN) Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT, Rajeev Chandrasekhar has said that India from 108 unicorns will reach 10,000 in the next 4-5 years.

Speaking at the JITO Incubation Innovation Foundation (JIIF) 6th Foundation Day & Investors/Startup Conclave in Hyderabad, the Minister engaged with industry leaders and aspiring young entrepreneurs.

He emphasised the transformative journey India has embarked upon since 2014.

“Today we have over a lakh start-ups in India and it will increase by 10 times,” he said.

He also highlighted India’s remarkable progress in building unicorns and start-ups, how they have successfully entered areas in emerging technologies, such as AI, Web 3, and deep tech.

“In 2014, our nation’s tech landscape was limited to IT and ITes. However, since then, opportunities have emerged across various domains such as deep tech, AI, data economy, semiconductor design, microelectronics, and high-performance computing,” the Minister said. 

He also lauded the collaborative efforts between the industry and the government to enhance skill development.

The Minister said that through strategic partnerships with both big and small companies, the government now works closely to identify necessary skills, creating a comprehensive framework with the active involvement of academia, communities and corporations.  (KNN Bureau)