ENA Sectors 2024-03-21 16:57:15 <p><span style="font-size:14px"><strong>New Delhi, Mar 21 (KNN)</strong> In a recent address at the Startup Mahakumbh event, Prime Minister Narendra Modi heralded India's rising prowess in the field of artificial intelligence (AI) technology. </span></p> <p><span style="font-size:14px">Asserting that India is poised to take the lead in AI, Modi urged startups to capitalise on this burgeoning technology.</span></p> <p><span style="font-size:14px">Modi emphasised the transformative potential of AI, highlighting its relevance in various domains including the ongoing Lok Sabha election campaigns where he personally utilised AI to overcome language barriers. </span></p> <p><span style="font-size:14px">He underscored India's exponential growth in the startup ecosystem, with the nation now boasting the third-largest startup community globally, a remarkable leap from fewer than 100 startups in 2014 to a staggering 1.25 lakh today.</span></p> <p><span style="font-size:14px">Reflecting on the societal shift towards embracing entrepreneurship, Modi described startups as a burgeoning social culture, empowering millions of youth across the nation. </span></p> <p><span style="font-size:14px">He particularly commended the significant role played by startups from smaller cities, catalysing innovation across diverse sectors such as agriculture, textiles, medicine, transportation, space technology, yoga, and Ayurveda.</span></p> <p><span style="font-size:14px">Modi spotlighted the burgeoning space startup sector, citing Indian startups engaged in over 50 facets of space technology, including the development of space shuttles. </span></p> <p><span style="font-size:14px">He attributed the success of the startup revolution to the government's initiatives such as the Startup India mission, which provides a platform for nurturing innovative ideas, facilitating access to funding, and establishing incubators within educational institutions.</span></p> <p><span style="font-size:14px">The three-day Startup Mahakumbh event, jointly organised by prominent industry bodies including Assocham, Nasscom, and TiE, served as a testament to India's vibrant startup ecosystem, fostering collaboration, innovation, and growth. </span></p> <p><span style="font-size:14px">As India continues to chart new frontiers in technology and entrepreneurship, the vision articulated by PM Modi underscores the nation's unwavering commitment to harnessing the power of AI for socio-economic advancement.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37125 https://knnindia.co.in/news/newsdetails/sectors/startup-mahakumbh-celebrates-third-largest-startup-community-globally-pm-modi 2024-03-21 16:57:15 knnindia.co.in