Prime Minister Narendra Modi recently emphasized his government’s dedication to encouraging startups and wealth creation in India. Responding to praise from various startup founders and business leaders, Modi highlighted the supportive environment the Bharatiya Janata Party-led administration is fostering for entrepreneurship and innovation.
Praise from Industry Leaders
In a series of posts on social media platform X (formerly Twitter), Modi responded to comments made by top executives from companies like Zomato, Urban Company, Mamaearth, and MapMyIndia at an event hosted by Cabinet Minister Hardeep Singh Puri. The event also saw the participation of Minister of State for Electronics & Information Technology, Rajeev Chandrasekhar, where leaders in the startup ecosystem commended the government’s efforts in promoting technological innovation and manufacturing.
Encouraging Entrepreneurship
Highlighting the story of Zomato’s founder, Deepinder Goyal, Modi praised his journey from a small-town background to creating a successful business. “In today’s India, one’s surname doesn’t matter. What matters is hard work,” Modi posted. Goyal had previously remarked that despite initial doubts, the government’s initiatives allowed him to build Zomato, which now employs thousands.
Similarly, Modi applauded Mamaearth founder Varun Alagh, who, along with his wife, built their company from scratch with government support. “Keep up the great work and continue to inspire others with your success, Varun! Our government actively encourages startups and wealth creation,” Modi wrote.
Support for Homegrown Talent
Urban Company’s founder, Abhiraj Singh Bhal, praised the government’s role in helping build a skilled workforce and supporting the Startup India initiative. In response, Modi acknowledged the impact of the initiative on fostering innovation and growth.
Unlocking Strategic Sectors
MapMyIndia CEO Rohan Verma highlighted the government’s efforts in opening up strategic sectors like space, geospatial, and defense. Modi responded by emphasizing the global recognition of India’s strides in the space sector and the government’s commitment to transforming these crucial areas.
Venture capital leader Rajan Anandan also praised the opening of strategic sectors, noting the spurred innovation in aerospace, space, and defense. Modi responded by affirming the government’s support for innovators and wealth creators.
Boosting Manufacturing
Sunil Vachani, Chairman of Dixon Technologies, praised the government’s policies for transforming India’s electronics and mobile phone industry. He highlighted the shift from importing to producing $100 billion worth of electronic products, with significant contributions to exports. Modi agreed, noting the remarkable transformation and proactive steps taken in recent years.
Conclusion
Prime Minister Narendra Modi’s responses reflect a strong commitment to creating an environment where startups and wealth creation can thrive. The government’s efforts in supporting innovation, unlocking strategic sectors, and boosting manufacturing are paving the way for India’s economic growth and global recognition.
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