SV-TDFS-2022 ONLINE EVENT SPEECH FOR MAY 19, 2022
* Prof Raj Nehru, Vice Chancellor, Shri Vishwakarma Skill University
* Prof RS Rathore, Registrar, Shri Vishwakarma Skill University
* Prof Nitu Bhatnagar, Registrar, Manipal University, Jaipur
* Prof Rajveer Singh Shekhawat, Dean FOE, Manipal University, Jaipur
* Prof Jyoti Rana, Dean, Academic Affairs, Shri Vishwakarma Skill University
* Students, researchers, other esteemed participants from India and abroad
A Very Good Morning To All of You!
I am delighted to be among you in an academic event which is so relevant and important today as we are engaged in the build back process after undergoing multiple sufferings due to Covid-19 pandemic.
Ladies and Gentlemen, technology has a great role in human life. It helps us deal with every day’s dynamic things. We know well how technology offers multiple tools to boost development, exchange information, solve problems and make life easy for us.
CoWIN showed our technological resilience in combating Covid-19. It proved our technological capability to rise to the occasion. Today the world recognizes India as a hub of innovations and hope for humanity.
You all are also aware of the Direct Benefit Transfer scheme, a major reform initiative to re-engineer existing delivery processes, ensuring better and timely delivery of benefits using information and communication technology. Over 400 schemes from 56 Ministries/ Departments are being implemented under the DBT scheme.
Therefore, I congratulate Shri Vishwakarma Skill University, Palwal and Manipal University, Jaipur for jointly organizing the second international conference on ‘Startups Ventures: Technology Developments and Future Strategies.’
Ladies and Gentlemen, startups are emerging as one of the key pillars of new India and gearing up like anything to make significant contributions towards realizing the goal of the US dollar five trillion economy.
It is a matter of pride for all of us that India is today the third largest start-up ecosystem in the world after the United States and China with over 65,000 startups. It is getting stronger day by day.
On May 2, India saw the birth of its 100th Unicorn. Bengaluru-based neobanking startup – Open – has become India’s 100th startup after raising US dollar 50 million. A large number of startups have been registered on GeM portal and they are getting huge orders from the public entities.
There is a need for continuously promoting the startup ecosystem in the country.
The Government of India as a part of Startup Initiative has implemented Fund of Funds for Startup Scheme and Startup India Seed Fund Scheme across all States/UTs to promote private investment in startups.
Under the Startup India Seed Fund Scheme, Rs 945 crore has been sanctioned for a period of four years starting from 2021-2022.
Ladies and Gentlemen, startups and the entire ecosystem are the engines of growth for any country. We need to create a positive ambience on the campuses of higher education institutes where students feel motivated to think out-of-the-box.
More and more successful startups means more jobs with a lesser amount of investment. If we encourage our students to translate their ideas into business models, we will be making a great contribution towards the goal of Atma Nirbhar Bharat.
Technological startups in particular have their own importance. According to NASSCOM, the Indian Technology start-up landscape has evolved to become the fourth largest in the world. Since 2010 there has been a significant rise in the growth of technology startups.
Nearly 50 per cent of the recognized startups are from Tier II and Tier III cities. Recognized startups are spread across over 640 districts and have reported the creation of more than 7 lakh jobs.
More than 20 per cent of recognized startups are in sectors such as automotive, green technology, healthcare and life sciences, renewable energy, etc. Over 4,500 recognized startups are in sectors like construction, house-hold services, logistics, real estate and transportation and storage contributing towards urban concerns.
Let us encourage people to identify good practices, learn from each other and help each other to create a favourable policy landscape for startups. Mentorship to emerging startups is very important.
I am hopeful that the deliberations at the second international conference on ‘Startup Ventures: Technology Developments and Future Strategies’ will be of great use for researchers, academicians, technocrats and aspiring startups.
I am glad to know that a ‘Startup Mela’ is also being organized, which will provide an ideal platform for startups to showcase their products in front of an accomplished and informed audience. It will be a good opportunity for them to connect with investors and facilitators wherein the associated products, solutions, and services can be showcased to seek mentorship and funding.
I wish the conference all success!
Thank You! Jai Hind