Mumbai, Jan 27 (KNN) Maharashtra Deputy Chief Minister Devendra Fadnavis said that the government is actively seeking sustainable partnerships with innovative startups, on Thursday.

Fadnavis expressed the state's commitment to collaborating with startup ideas that prioritise sustainability and recognise it as a collective responsibility.

His remarks came during the inaugural StartUp Mumbai Challenge held at the Bombay Stock Exchange (BSE) as part of the Mumbai Festival 2024.

Acknowledging the pivotal role of startups as catalysts for positive change, Fadnavis highlighted Maharashtra's recognition as the startup and unicorn capital of India.

He emphasised the state's leadership in fostering new business ecosystems, citing the transition to distributed solar power in agriculture as an empowering initiative that creates a fresh ecosystem of opportunities.

Fadnavis further added, "Today's startups are not just shaping ideas; they are transforming lives, contributing to a greener and more prosperous tomorrow. In the face of climate change, our collective innovation is the key to ease of living and a better tomorrow.”

The StartUp Mumbai Challenge, with its 'Forever Planet' theme, marked a resounding success, elevating Mumbai's reputation as an innovation hub.

Focused on concepts promoting eco-friendly living and environmental preservation, the challenge showcased a bold initiative to nurture early-stage startups, specifically targeting sectors crucial for the city's evolution, including sustainability, entertainment, media, sports, and lifestyle enhancement.

This initiative aligns with Prime Minister Narendra Modi's Mission LiFE (Lifestyle for Environment) and India's commitment to the UN Sustainable Development Goals. During the grand finale, 10 startups and entrepreneurs presented groundbreaking ideas, further emphasising Mumbai's role in supporting transformative endeavours.

Anand Mahindra, Chairperson of the Mumbai Festival Advisory Committee, highlighted the significance of connecting with startups, aligning with the transformative spirit of the times.

He expressed excitement in engaging with individuals who have a noble vision to enhance the world, emphasising the importance of acknowledging and supporting transformative endeavours beyond market dynamics in Mumbai, now the fourth-largest capital market globally.

(KNN Bureau)