Piyush Goyal said the Startup India initiative of India’s Narendra Modi government has led to the creation of nearly 100,000 startups in the country and New Delhi can offer its support to other BRICS members in the segment.
By: Shubham Ghosh
INDIA is set to launch a BRICS startup forum for the current year to facilitate collaboration and share best practices among investors, incubators and aspiring entrepreneurs, the country’s commerce and trade minister Piyush Goyal has said.
He said this at the seventh BRICS (acronym for its member countries Brazil, Russia, India, China and South Africa) industry ministers’ meeting hosted virtually with South Africa which will play host to the grouping’s summit later this month.
Union Commerce and Industry Minister Shri @PiyushGoyal participates in the 7th #BRICS Industry Ministers’ meeting
Shri Piyush Goyal reiterates India’s commitment to "Vasudhaiva Kutumbakam" as a responsible global citizen
Details: https://t.co/RthA70kX4L@DoC_GoI pic.twitter.com/EDx4TACZwN
— PIB in Assam (@PIB_Guwahati) August 8, 2023
According to Goyal, the Startup India initiative of the Narendra Modi government has led to the creation of nearly 100,000 startups in the country and on account of this, New Delhi can offer its support to other BRICS members in this segment.
Goyal’s counterparts from other BRICS countries also attended the meeting and a joint declaration was adopted.
The ministers emphasised on the need for digitalisation, industrialisation, innovation, inclusiveness, and investment among BRICS countries.
They recognised the increasing importance of Industry 4.0 and other emerging technologies in promoting digital transformation of all economic sectors.
“Through the declaration, the BRICS members acknowledged the need for human resource development and exploring opportunities for cooperation on upskilling and reskilling programmes,” the Indian commerce and industry ministry said in a statement.
They also underlined the need for creating market opportunities for inclusive growth of projects owned/managed by women, youth and disadvantaged groups.
(With agency inputs)