PM Modi interacts with young innovators and Start-Up entrepreneurs thouh video bridge
New Delhi, Jun 6 (IBNS): Prime Minister Narendra Modi, on Wednesday, interacted with young innovators and Start-Up entrepreneurs from across the country, through video bridge.
PM Modi appreciated the role of India’s youngsters as job creators.
Prime Minister said that things have changed from the time where start-ups meant only digital and technology innovation.
He said that now there are start-up entrepreneurs in many fields. Start-Ups are filed in 28 states, 6 Union Territories and 419 districts. Out of these, 44 per cent of startups registered are from Tier-2 and Tier-3 cities, and 45 per cent of the start-up are set up by women.
Modi also explained how filing patents and trademarks have become easy.
The number of forms needed for applying for trademark have been brought down from seventy-four to eight, resulting in three-fold increase in Trade Marks registration in three years.
Number of patents registered has also seen a three-fold increase compared to the previous government, the PM said.
Prime Minister Modi said that the government has created Rs.10,000 crore ‘Fund of Funds’ to ensure that young entrepreneurs may not face shortage of funds for their start-ups and to facilitate youngsters to innovate.
Through the ‘Fund of Funds’, Rs.1,285 crore funding has been committed, leveraging a total of Rs.6,980 crore in venture funds so far.
Prime Minister said that the Government-e– Market Place (GEM) has been linked to Start-Up India portal so that start-ups can sell their products to government. Start-Ups have been given income tax exemption for three years. Six labour laws and three environmental laws have been changed so that young entrepreneurs need to provide only self-certification.
The Central government has also started a one-stop digital platform called Start-Up India Hub where all information regarding start-ups and its ecosystem is available for entrepreneurs.
The Central government has started various competitions such as Atal New India Challenge, Smart India Hackathon and Agriculture Grand Challenge.
Prime Minister also spoke about his discussion with Prime Minister of Singapore, on holding a Smart India Hackathon like challenge between innovators from Singapore and India.
Eight Research Parks and 2,500 Atal Tinkering Labs are being established all over the country to encourage youngsters to take up research and innovation, the PM said.
Narendra Modi invited youngsters to ideate on how to transform the agricultural sector.
He said that ‘Design in India’ is essential along with ‘Make in India’.
At the interaction, young entrepreneurs and innovators also explained their innovations, ranging from agricultural innovations to Block chain technology, to Prime Minister.
Schoolchildren from various Atal Tinkering Labs shared their innovations with the Prime Minister.
Prime complemented the schoolchildren for their scientific skills and encouraged them to come up with more such inventions.
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