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The federal government is taking a look at making a fund for agritech startups, Commerce and Business Minister Piyush Goyal mentioned on Sunday.
The federal government is taking a look at vital participation of startups in defence R&D as enormous alternatives are there in drones, defence and technical textile sectors for entrepreneurs, the minister mentioned at a webinar.
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Know-how and innovation would be the key driving drive for India and its economic system, he mentioned.
“We’re taking a look at vital participation of startups in defence R&D. We’re taking a look at making a fund for agritech startups,” Goyal mentioned.
India has the third largest startup ecosystem in India with over 65,000 registered startups in simply 5 years.
“It’s these startups that can gas India’s Atmanirbhar drive,” he added.
At one other operate, the minister said that one can discover many alternatives, like even within the present warfare disaster.
“The current Ukraine-Russia disaster is a wakeup name for all of us, to not be depending on crude oil and defence gear,” Goyal has mentioned.
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