scorecardresearch
Ease of doing business helped create more startups, Piyush Goyal

Ease of doing business helped create more startups, Piyush Goyal

For promoting startups, the government is creating future global leaders and wants to become the innovation hub of the world, said Commerce and Industry Minister Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal Union Commerce and Industry Minister Piyush Goyal

Simplification, facilitation and ease of doing business has helped India create more startups, Commerce and Industry Minister Piyush Goyal said on Sunday.

For promoting startups, the government is creating future global leaders and wants to become the innovation hub of the world, he said during an interaction with the industry representatives in Bengaluru.

"India has been able to create the third largest startup ecosystem in the world since its launch.This has been possible by the government's focus on reforms like simplification, facilitation and ease of doing business," he said.

He called upon the industries to be self-sufficient in the area of semiconductors. Goyal also suggested the participants to formulate a draft road map for the development of startups.

Also read: WTO Agreement on Agriculture tilted against developing countries, says Piyush Goyal

Also read: Jungle Ventures raises $225 mn to invest in India, Southeast Asia startups