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With an aim of facilitating collaboration and sharing best practices among startups, investors, incubators, and aspiring entrepreneurs, Union Minister of Commerce and Industry, Textiles, Consumer Affairs and Food & Public Distribution, Piyush Goyal has said that India will be launching the BRICS Startup Forum in 2023.

While highlighting the transformation that has taken place in India, Goyal also commented on the expanding Startup India initiative that has led to the creation of nearly 100,000 startups in the country. The Minister focused on ‘Transforming Production Systems’ and the support India can offer to other BRICS members and the wider international community.

Commerce and Industry Minister further reiterated India’s commitment to ‘Vasudhaiva Kutumbakam’ (The World is One Family) which underscores India's commitment to being a responsible global citizen and working towards a more inclusive, tolerant and interconnected world.