India's remarkable economic scale and market potential enable startups to flourish and thrive in global startup ecosystem: Piyush Goyal

India's remarkable economic scale and market potential enable startups to flourish and thrive in global startup ecosystem: Piyush Goyal

Piyush Goyal has said that India's remarkable economic scale and market potential have played a pivotal role in enabling startups to flourish and thrive in the global startup ecosystem. While addressing the ‘Startup20 Shikhar’ at Gurugram, Haryana today, Shri Goyal said that there must be a global effort to nurture inclusive, supportive and sustainable startup ecosystems in all parts of the world to address global challenges.

Shri Goyal said that it is not just the role of individual nations but the collective responsibility of all nations to support innovation and the startup ecosystem. Highlighting the importance of the discussions on startups in the G20, the Minister said that the focus has to be on facilitating exchange of ideas, best practices and funding mechanisms and promoting collaborations in Research and Development.