Bhoomika Singh
Commerce and Industry minister Piyush Goyal, addressing the ‘CII- Global Unicorn Summit- Shaping 1,000 Unicorns by 2030’ said that reaching the 1,000 unicorns mark by 2030 is an achievable dream.
He called for more media coverage for startups, especially in regional languages so that their ideas reach even remote parts of the country. The Minister also that that the efforts made by startups must be respected and added that the founders, the heroes of the startup ecosystem, must be given their due recognition.
Observing that India is home to 95 unicorns, Goyal quipped that we needed just one more sixer to hit a Century of Unicorns. The government’s efforts to reduce the regulatory compliance burden have encouraged innovation and promoted the commercialisation of IPR and made it easier to begin, operate, grow and exit businesses, he added.
The Minister spoke of the tremendous talent that lay in Tier 2, 3 cities and smaller villages of India and asked that the startup revolution be taken in that direction. “Startups like Zoho recruit coders from rural areas thus bringing Silicon Valley to rural India,” he added.
Expressing his desire that startups must incorporate in India and list in India and not move to tax havens, Goyal urged them to approach the government if they face any issues and assured them that it would strive to resolve problems.
