Industry linkage key for sustaining start-ups: Union Minister Jitendra Singh

New Delhi, June 21 (KNN) Union Minister Jitendra Singh on Tuesday said that industry linkage is key for sustaining Start-ups as it can play a pivotal role in changing the mind-set of youth.

Speaking at the business meet organised by Bharatiya Janata Party (BJP), the minister said that the world is celebrating India’s business today and is acknowledging that this is a bright era of India under Prime Minister Narendra Modi with global benchmarks hailing and celebrating India’s growth story.

India is being hailed as the world’s fastest growing economy and stands at number 5 after leaving behind the United Kingdom, he said.

The best evidence of India’s growth story, said Singh, is that the country has earned 174 million dollars by launching American Satellites which is only possible under PM Modi who scrapped nearly 2000 obsolete laws which were a hindrance in India’s economic growth.

Singh pointed out that India has had a huge quantum jump in the global benchmarks with India being the fastest growing economy in the world having overtaken United Kingdom, jumping forty points up in the global innovation index, ranking third in the Start-up ecosystem with more than one lakh Start-ups from 250 in 2014 with more than 100 unicorns in 2023.

“The per capita income has also doubled under the present government from last nine years with manifold increase in exports in almost every sector be that the mobile chip technology, defence, toy industry, khadi (one lakh crore turnover in 2021-22), Aggarbati using home grown bamboo earlier imported from China etc.,” he added.  (KNN Bureau)