India Positioned to Lead in Global Innovation and Tech Growth: Piyush Goyal
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Synopsis
Piyush Goyal highlighted India's potential as a global leader in innovation and tech-driven growth during the Startup Mahakumbh event. He emphasized the contributions of startups in various sectors, particularly fintech, and showcased groundbreaking technologies. The event served as a significant platform for startups to connect with investors and gain exposure.
Key Takeaways
- India is on track to become a global leader in innovation.
- Startups are making significant contributions across various sectors.
- Fintech is empowering citizens and enhancing economic growth.
- The Startup Mahakumbh event showcased over 3,000 startups.
- Investors and incubators had opportunities to connect with emerging businesses.
New Delhi, April 5 (NationPress) India is set to become a global leader in innovation and technology-driven growth, stated Union Minister for Commerce and Industry, Piyush Goyal.
The minister praised the achievements of startups during his visit to the 'Startup Mahakumbh' event, highlighting the world-class quality of their work. He showcased innovations in energy efficiency, electronics, and defense equipment, noting how fintech is empowering citizens.
“This is the base – the foundation – that will enable India to make a significant entry into the global innovation landscape. We will assert our presence on the international stage. I leave extremely pleased with the progress made by our young startups. Young India is eager and prepared to conquer the world,” Goyal remarked.
The second edition of Startup Mahakumbh presented 10 thematic pavilions across vital industries such as AI, DeepTech, Cybersecurity, HealthTech, BioTech, AgriTech, Climate Tech, Incubators & Accelerators, D2C, FinTech, Gaming, Sports, B2B, Precision Manufacturing, Defence, Space Tech, and Mobility.
Goyal explored numerous exhibits that highlighted pioneering innovations in Climate Tech, BioTech, AI, and DeepTech, showcasing everything from intelligent air purifiers and EV tractors to AI-driven platforms for brain mapping and advanced manufacturing drones for defense.
The ‘Startup Mahakumbh’ attracted over 3,000 startups, more than 1,000 investors and incubators, and over 10,000 delegates from over 50 countries, providing startups with a significant chance to present their businesses, develop investor connections, and acquire essential funding.
A pivotal moment in India’s fintech evolution was marked by the establishment of the India Fintech Foundation, attended by G20 Sherpa Amitabh Kant, Sanjiv Singh, Joint Secretary of DPIIT, and NS Vishwanathan, former deputy governor of the Reserve Bank of India (RBI).
