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Next Wave Of Startup To Come From Tier 2 And 3 Cities: Rajeev Chandrasekhar

The minister mentioned Authorities of India will quickly launch a 'Digital India Startup Hub' programme and create a 'Digital India Funding Fund' which can fund startups

Photo Credit : PIB,

According to Rajeev Chandrasekhar, Union Minister of State for Skill Development, Entrepreneurship, Electronics, and Information Technology, who arrived in Ahmedabad on Friday on a three-day visit to Gujarat, the next wave of innovation will be found in tier-2 and tier-3 cities.

The following wave of startup will come from tier-2 and tier-3 cities, mentioned Rajeev Chandrasekhar, Union Minister of State for Ability Growth, Entrepreneurship, Electronics and Data Expertise who arrived in Ahmedabad on a three-day go to to Gujarat, on Friday.

“Folks used to suppose that United States or Western Europe was the primary innovation economic system. However within the final three years, India has proven the world that it has the utmost variety of unicorns, improvements, investments and corporations. In final three years, we’ve got created multiple lakh start-ups of which 100 are unicorns,” he mentioned.

“Our focus is to see that startups are fashioned in tier-2 and tier-3 cities. These that are at present in existence are in Bengaluru, Hyderabad, Gurugram, Pune, Mumbai and Chennai. Of the 100 unicorns, 95 % are in these cities. So the total focus of the federal government is to make sure that subsequent wave of 2-3 lakh startups must be from the smaller cities. The federal government’s investments will likely be on smaller cities,” he added.

The minister mentioned Authorities of India will quickly launch a “Digital India Startup Hub” programme and create a “Digital India Funding Fund” which can fund startups. Speaking concerning the scarcity of “digital expertise” in India, the minister mentioned, “This 12 months giant Indian corporations had been hiring from Canada and Australia… So in the coming days the demand for expert expertise goes to be enormous. In December, I used to be despatched to Dubai. As we speak UAE desires each blue collared and white collared workers from India…”


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