Synopsis
The Indian government emphasizes the importance of studying market dynamics for startup sustainability, urging youth to abandon the mindset favoring government jobs and explore entrepreneurial opportunities instead.Key Takeaways
- Importance of Market Research in startups
- Encouragement for Youth to pursue entrepreneurship
- Potential of Agri-Startups in Jammu and Kashmir
- Growth of India’s Startup Ecosystem
- Role of Women in major space missions
New Delhi, Feb 23 (NationPress) The government has underscored the vital importance of industry connections and market research in achieving the long-term viability of startups, urging young entrepreneurs to analyze market dynamics from the very beginning.
Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh, encouraged the youth to abandon the "Sarkari Naukri" mentality.
During the inauguration of the two-day ‘National Startup Festival’ in Jammu, the minister highlighted the significance of innovation, entrepreneurship, and early industry connections in securing the success of startups.
Dr. Singh pointed out the vast potential of agriculture-based startups in the region, particularly the ‘Purple Revolution’, which has helped more than 3,000 youth in Jammu and Kashmir to achieve better earnings through the lavender startup initiative.
He urged young individuals to identify their strengths and pursue entrepreneurial opportunities, rather than fixating on government employment.
The minister further noted that Jammu and Kashmir's agri-startup ecosystem is flourishing, with lavender farming in Bhaderwah, Doda district, placing the region on the global startup map.
He called for greater involvement of urban areas in agri-startups, with an emphasis on expanding lavender farming and other high-value agricultural initiatives.
With approximately 200,000 startups currently operating in India, the nation has claimed the third position in the global startup ecosystem.
The minister pointed out that startups are not only contributing to economic advancement but also generating rewarding employment opportunities, especially for women and Self-Help Groups (SHGs).
Dr. Singh also acknowledged the swift growth of India’s space economy, crediting its success to collaboration between public and private sectors.
He celebrated the achievements of women-led teams in significant space missions, including Chandrayaan-2 and Aditya L1.
Regarding education, Dr. Singh praised Prime Minister Narendra Modi’s National Education Policy (NEP) 2020, which has transformed India’s education landscape by promoting equality and digital inclusivity.
The minister urged students to dedicate at least 30 minutes each day to learn about government programs and utilize available opportunities.
