India to host series of roundtables at UN

Next on March 9, a roundtable on ‘A world we women and girls want: Technology enabled social and economic advancement’ is being scheduled…reports Asian Lite News

As chair of G20 and ahead of the Sustainable Development Goal (SDG) Summit later this year in New York, India’s Permanent Mission to the United Nation will host roundtables at the UN headquarters, informed India at the United Nations on Monday.

A series of roundtables have been lined up for the next few months. The 2023 SDG Summit will be convened in September 2023, during the United Nations General Assembly high-level week. On Thursday, a roundtable titled ‘Gandhian Trusteeship: A panel discussion on Sustainable Lifestyles and Enduring Pace’ will be held.

Next on March 9, a roundtable on ‘A world we women and girls want: Technology enabled social and economic advancement’ is being scheduled.

On March 16, a roundtable on ‘Grassroots leadership and transformation: Charting the path of empowerment through technology and skill development’ will take place.

On April 14, a special event commemorating the birth anniversary of Dr BR Ambedkar is being planned.

“Focus will be on India’s growth story and achievements and how these might be scaled for the potential benefit of the global South,” India at the United Nations tweeted, attaching the schedule of the roundtables and other events.

Meanwhile, India added over 1,300 active tech startups last year, taking the total tally of active tech startups to 25,000-27,000, a Nasscom report said.

India continues to be the third largest tech startup ecosystem globally (after the US and China).

The country also added the second highest number of unicorns in the world, with over 23 added in the CY2022.

Simultaneously, the potential pipeline of unicorns expanded to over 170, growing at a pace equivalent to 2021, according to the report by the National Association of Software and Services Companies (Nasscom), in collaboration with Zinnov.

“Despite the current downturns, opportunities abound for innovative companies that are leveraging emerging technologies to create actionable impact while prioritising business fundamentals over growth,” said Debjani Ghosh, President, Nasscom.

Despite the headwinds, while total funding in CY2022 dropped 24 per cent over 2021, the annual investments at $18.2 billion were higher than the pre-pandemic levels of $13.1 billion in 2019.

The year also witnessed a significant investment focus on non-unicorns and unique startups.

Almost 1,400 unique startups received funding in 2022, 18 per cent higher than in 2021. Among these, 47 per cent of startups raised their first round in 2022, the report mentioned.

Both early-stage ($5.9 billion in CY2022) and seed-stage ($1.2 billion) investments grew between 25-35 per cent over 2021.

In 2022, tech startups in the seed-stage secured 1,018 investments.

Late-stage investments bore the brunt with a decline of 41 per cent in deal sizes greater than $100 million, due to considerable correction in the global public markets.

“What is remarkable is the ecosystem’s maturity, where founders are intentionally prioritising profitability over valuation and the investor trust, despite macroeconomic variables at play. This will pave the way for growth in 2023 and beyond,” said Pari Natarajan, CEO, Zinnov.

Tech startups are expected to continue increasing innovation and deep-tech adoption, particularly in areas related to SDGs (Sustainable Development Goals) that require complex solutions, the report said. (ANI/IANS)

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