India Startups: Deal with tier 2, 3 cities: DPIIT Secretary to startups

The federal government has taken a number of steps to strengthen the startup ecosystem and startups ought to concentrate on tier 2 and three cities, which holds large enterprise alternatives, DPIIT Secretary Anurag Jain stated on Thursday. Division for Promotion of Business and Inner Commerce (DPIIT) Secretary additionally known as upon startups to search for sustainable options for the issues being confronted by the society at massive.

“We must always not overlook the agricultural markets, tier 2 and three cities. Rural market will develop very quick… In our options, we should always at all times bear in mind whether or not my answer is sustainable or not,” Jain stated at CII’s World Unicorn Summit – “Nurturing 1000 Unicorns by 2030.”

He added that India‘s startup ecosystem is the third largest on this planet and the nation is second highest in including the variety of unicorns.

“Now we’re including 80 startups on a regular basis and that tempo is the very best on this planet… We are able to hope to develop into the most important startup ecosystem on this planet within the occasions to come back… Greater than half of the startups come from tier 2-3 cities,” he added.
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