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Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal has said that Indian startup ecosystem has the potential & promise to make India the Innovation & Invention hub of the world.

Besides, Goyal asked DPIIT to now act as a ‘Facilitator’ with Open doors, Open Arms & Open Mind. He said that Government is committed to cut red tape, improve Ease of Doing Business  provide financial assistance through Startup seed  fund, supporting incubators, enhancing skills and this holistic approach has intended to resolve the issues relating to capital mobilization, support innovation with tinkering labs, & meet the capacity &  capability requirements of startups.

He further said “today, our vision expands beyond the traditional models of growth, our aim is to create a New India i.e. an Aatmanirbhar Bharat and Startups are the key to building an Aatmanirbhar Bharat with Courage, Collaboration & Commitment and to achieve such an ambitious target we need a participative approach from all stakeholders.” He also said that industry must help create Startup Superstars by identifying innovators & investing in talent.