Business & Investment

Annual investment in startups will increase to US $ 36 billion, DPIIT said

“There is a lot of interest in the investment environment for startups … Over the past year, annual investment in startups has increased from US $ 11 billion to US $ 36 billion,” Jain said at the National Startups Awards event.

Investors are very interested in the country’s startup ecosystem, and over the past year, annual funding for startups has increased from US $ 11 billion to US $ 36 billion, government officials said Saturday. Anurag Jain, secretary of the Department of Industry and Domestic Trade Promotion (DPIIT), said the proportion of investment brought to Indian start-ups from around the world, including domestic investment, has risen from the previous 4% to 6%. rice field. “There is a lot of interest in the investment environment for startups … Over the past year, annual investment in startups has increased from US $ 11 billion to US $ 36 billion,” he said at the National Startups Awards event.

At an online event, Commerce and Industry Minister Piyush Goyal urged startups to come up with more suggestions to make the regulatory burden easier and further advance the startup story. “In 2021, we can see that we raised a total of US $ 23 billion in the first nine months and had more than 1,000 transactions, which shows the strength of the startup,” Goyal said. Mr. says. The Minister suggested focusing on five areas to take innovation to the next level.

Focus areas include developing solutions and content in Indian. Encourage products and solutions that have a significant social and economic impact. Promote startups in all districts. Create innovation zones at various regional levels where universities can become incubators. We employ best practices from around the world to enhance India’s competitiveness. “Many of our entrepreneurs can be mentors for up-and-coming startups. We can consider establishing a’startup access center’across districts,” he added.

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Annual investment in startups will increase to US $ 36 billion, DPIIT said

https://www.financialexpress.com/industry/annual-investments-into-startups-increase-to-usd-36-billion-says-dpiit-secretary/2407462/ Annual investment in startups will increase to US $ 36 billion, DPIIT said

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