Finance Minister says India has 100 unicorn startups with a value at USD 250 billion

India was dwelling for over 100 unicorns with a complete worth of USD 250 billion which have managed to boost over USD 63 billion in the previous few years, Union Finance and Company Affairs Minister Nirmala Sitharaman mentioned right here on Saturday.

Practically 25 per cent of the start-ups within the Silicon Valley had been managed by individuals of Indian origin and it was a matter of pleasure, she mentioned at an occasion right here.

The beginning-up eco-system was constructed effectively within the nation and all of the 100 unicorns had been valued at USD 250 billion and have managed to boost over USD 63 billion from the capital markets, she mentioned addressing new graduates on the tenth Convocation of the Indian Institute of Info Expertise, Design and Manufacturing, Kancheepuram close to right here.

“I’m saying all this stuff as a result of, at the same time as you graduate from right here, you all can change into entrepreneurs and create jobs for others. It isn’t the world had been entrepreneurship is worrisome or entrepreneurship has dangers. It could have had the dangers, (however) it’s potential for you all to change into entrepreneurs your self,” she mentioned.

“Twenty-five per cent of the start-ups within the Silicon Valley are managed by individuals of Indian origin. So for everybody of who’s Silicon Valley, you could possibly truly carry your collars in pleasure that 25 per cent of all of the start-ups there are managed by Indians,” she added.

“I’m positive lots of you all have your sights already on the Silicon Valley,” she mentioned.

Referring to Prime Minister Narendra Modi’s Independence Day speech of ‘Jai Jawan, Jai Kisan, Jai Vigyan and Jai Anusandhan’, Sitharaman mentioned the slogan was no extra with Jai Jawan and Jai Kisan, it has been added with ‘Jai Vigyan (know-how) and Jai Anusandhan (innovation)’.

“Within the final two (Jai Vigyan and Jai Anusandhan) your contribution will get recognised and that’s what going to take India know-how savvy and superior nation in 2047 at 100 years of Independence,” she mentioned.

“I’d say every one among your contribution is what’s going to make it potential for India to succeed in and obtain superior economic system standing by 2047 for which a number of steps the federal government has already taken,” she mentioned.