Indian startups are democratizing businesses, turning job seekers into job creators: Piyush Goyal
Homegrown startups are driving change by democratizing business and turning job seekers into job creators, Commerce and Industry Minister Piyush Goyal said on Thursday.
Applauding the launch of the Startup Policy Forum (SPF), which is the first industry alliance dedicated to representing and developing the Indian economy, the minister said he was happy to see many founders joining the SPF, which should strengthen the Indian economy. world leadership in the new age economy.
“The forum should play an important role in India’s journey to become Viksit Bharat by 2047 under the visionary leadership of Prime Minister Narendra Modi,” added Goyal.
The Forum in a statement stated that it will limit its members to start from 100 selected in its first phase. More than 30 startups have signed up as members. Some of these startups are Razorpay, CRED, Pine Labs, Groww, OYO, Swiggy, Practo, Dream11, MPL, Ixigo and Livspace.
Founded and chaired by public policy veteran Shweta Rajpal Kohli, the Forum will strengthen efforts to promote India’s startup ecosystem on the global stage.
“India has become one of the world’s most attractive innovation centers because of the government’s focus on innovation and the macroeconomic stability provided by our world-class regulators,” said Kohli, President and CEO of SPF.
In order to carry out sector-specific initiatives and policy expertise, SPF has established four specialized councils: the Fintech Policy Council (FPC), the Consumer and Commerce Council (CACC), the Emerging Tech & AI Council (ETAC), and the New-Age Public Companies Council (NPCC).
These councils will focus on critical areas within the startup ecosystem, working closely with relevant regulators and stakeholders to address the unique challenges and opportunities in each sector.
In the near future, SPF will announce the formation of an advisory board and a board of directors, comprising global thought leaders and ecosystem enablers who will guide the Forum’s efforts.
India is currently home to over 1,46,000 DPIIT-recognized startups, and over 100 unicorns.