Union Minister Piyush Goyal has said that the scale of India’s economy 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 on Tuesday, Union Minister for Commerce and Industry 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. 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 the exchange of ideas, best practices and funding mechanisms and promoting collaborations in R&D.
The Minister lauded the ‘Startup20 Engagement Group’ and said that this engagement of diverse experiences and knowledge is aimed to foster collaboration and bridge gaps between countries.
