PM Modi Calls on Indian Startups to Pioneer in Manufacturing

Prime Minister Narendra Modi urged Indian startups to shift focus toward manufacturing, aiming for best-quality products for global markets. Addressing the Startup India programme's tenth anniversary, he applauded the rise in women-led ventures and streamlined regulatory processes, fostering innovation and risk-taking among entrepreneurs.

Prime Minister Narendra Modi has issued a call to action for India's burgeoning startup sector, encouraging them to place a stronger emphasis on manufacturing to deliver world-class products. In a speech marking the tenth anniversary of the Startup India programme, Modi highlighted the significant achievements in digital startups and the service sector, while identifying a critical shift needed towards manufacturing excellence. 'Our startups must now focus even more on manufacturing and develop products of the world's best quality,' he asserted.

The Prime Minister also recognized the role of technology and innovation, urging startups to pursue unique ideas and assuring government support. 'The future belongs to those who innovate,' Modi stated, while emphasizing the government's commitment to creating a conducive environment for startups.

Significant reforms, according to Modi, are already underway. The Jan Vishwas initiative has led to the decriminalization of more than 180 provisions, fostering trust and transparency. Self-certification facilities have been introduced, and procedures for mergers and acquisitions simplified, easing the path for business growth and innovation.

(With inputs from agencies.)