July 4, 2023
2 mins read

G20 Startup20 summit kicks off  

Som Parkash said startups are India’s national assets and praised the pace in which they are being set up across the country…reports Asian Lite News

The two-day Startup20 summit, an initiative by the G20, began in the city on Monday with experts from a number of countries participating in panel discussions.

The summit was inaugurated at a private hotel in Golf Course Extension Road by Union minister of state for commerce and industry, Som Parkash. He described the startup ecosystem in India as a stepping stone to build Fortune 500 companies, which will eventually take the country to the next stage of industrialisation.

Som Parkash said startups are India’s national assets and praised the pace in which they are being set up across the country.

In the inaugural session of the summit, government officials spoke on topics such as bringing startups to the forefront of the country’s economic agenda and paving the way for G20 nations to invest $1 trillion for the startup ecosystem by 2030. A panel discussion was also held on building an interoperable startup ecosystem.

The Union minister also lauded the steps taken by the Manohar Lal Khattar-led Haryana government in organising the startup summit and also creating a thriving startup ecosystem across the state with a special focus on Gurugram.

“The Startup20 summit signifies India’s commitment towards fostering an enabling environment for startups and reinforcing its position as a global leader in innovation and entrepreneurship,” Som Parkash said.

Amitabh Kant, India’s G20 Sherpa, who was also present at the event, emphasised on the significance of startups and the way they are redefining business. “The Startup20 summit marks a milestone in the journey of the global startup ecosystem. The collective wisdom and tireless efforts of the Startup20 engagement group, comprising distinguished delegates from G20 nations as well as invitee countries are laudable” he said.

An integral part of the summit is the Startup Conclave, where startups will showcase their innovative products and services, engage in investor pitches, mentoring sessions, and network with industry professionals. The event will also incorporate art and cultural elements, creating an enriching experience for the participants.

Dr Chintan Vaishnav, chair of Startup20 said, “The summit marks the start of a new era for the startup ecosystem. With the participation of over 600 delegates from 22 countries here in Gurugram, we are celebrating the journey of startups with months of collaboration, consultation and unwavering determination. Together, we will forge a path towards a thriving and sustainable future for the entire startup ecosystem”.

ALSO READ-MHA to organise G20 Conference on Crime and Security

Previous Story

MHA to organise G20 Conference on Crime and Security

Next Story

Mumbai G20 meet to be attended by 107 delegates

Latest from -Top News

India-EU Trade Talks Resume

The proposed India-EU FTA covers 23 policy areas, or chapters, of which at least two – market access and rules of origin – have yet to be resolved….reports Asian Lite News India

India Launches Relief Ops in Bhutan

The Royal Government of Bhutan has expressed sincere gratitude to the Indian Army…reports Asian Lite News Amid unprecedented floods caused by a low-pressure system over the Bay of Bengal, relentless rainfall has

Jaishankar Hints at Tariff Deal with US

Jaishankar explained that the ongoing trade tensions largely stem from the inability of both sides to reach a common ground on several issues….reports Asian Lite News External Affairs Minister S. Jaishankar on
Go toTop

Don't Miss

Telugu NRIs to Invest In Indian Startups

The American Telugu Association (ATA) has facilitated a $20 million

Modi meets German Chancellor Merkel on G20 side-lines

Discussions also took place on combating climate change, particularly on