Union Minister of State (independent office) Ministry of Science and Technology; Minister of State (Independent Charge) Ministry of Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Space and Atomic Energy, Dr Jitendra Singh said today, the government work mindset is proving to be a hindrance to start-up culture, mainly in northern India.
Dr Jitendra Singh gave full credit to the futuristic vision of Prime Minister Narendra Modi who called for ‘Start-Up India Stand Up India’ from the ramparts of the Red Fort in his 2015 Independence Day speech which has sparked mass interest, as a result of which the number of Start-Ups in India has grown from just 350 in 2014 to over 77,000 in 2022 with over 100 unicorns, while India under Modi has reached the 3rd rank worldwide in the StartUp ecosystem.
Inaugurating the first of its kind startup exhibition in Jammu, covering Agriculture, Flavours, Dairy, Pharmacy, IT, IT and Communications, Dr. Jitendra Singh said that the startup culture has yet to fully catch the imagination of young people and entrepreneurs in some of the northern Indian states, in comparison to some of the southern Indian states, which have taken a magnificent advance, also engaging a chain of globally recognized start-ups.
He said it is important to take note of some of the exemplary examples of many young entrepreneurs leaving their lucrative jobs in multinational corporations to create their own start-ups, as these young entrepreneurs are now beginning to realize the possibility of greater big fortunes in there.
Dr. Jitendra Singh pointed out that the Start-Up movement in Jammu and Kashmir has been relatively slow even though India’s “Purple Revolution” was born at J&K and J&K is also the cradle of the great Aroma mission . He hoped that his impact would materialize through the success stories of various agricultural start-ups, in addition to the dairy and pharmaceutical fields.
Dr Jitendra Singh highlighted the contribution of cities like Bengaluru and Chennai to India’s start-up boom and said that innovators, incubators and entrepreneurs are leaving a global mark by focusing on areas such as 5G, intelligence, drones, semiconductors, Blockchain, green energy and space economy.
The various Ministries and Departments under it, Dr. Jitendra Singh informed, provide attractive support in the form of financial assistance as well as technical assistance and facility to transport Start-Up products to the market, which also holds a lucrative livelihood. opportunity. But unfortunately, especially in this region, many potential beneficiaries cannot take advantage of it because awareness is lacking while all information is available on websites and portals.
Dr. Jitendra Singh regretted that although Start-Up is a very high priority for the Modi government and urged the media to publish at least one Start-Up success story per week, to serve the cause of youth.
Calling for massive promotion of agri-tech start-ups, the Minister said: Agriculture is one of the important pillars of the Indian economy as 54% of the Indian population is directly dependent on agriculture and it accounts for about 20% of GDP. He said the success of CSIR-promoted mission on lavender cultivation in Jammu and Kashmir needs to be replicated in other states.
The minister pointed out that a new wave of agri-tech start-ups have emerged in the country over the past few years and these start-ups are solving problems related to supply chain management, cooling and refrigeration, seed management and distribution, in addition to helping farmers access a wider range of markets. He said that young entrepreneurs are now leaving their jobs in the IT sector and multinationals to create their own start-ups, because these young entrepreneurs are now beginning to realize that investing in agriculture is one of the very few safe and profitable businesses.
Dr Jitendra Singh said “Kisan drones” could be widely adopted to promote crop assessment, digitization of land records, insecticide and nutrient spraying and pointed out that countries like Israel, China and the United States has transformed several agricultural practices in their country with the use of technology.
Some of the most prominent startups that participated in the Expo are- Anmol Shakti Farmer Producer Company Ltd, Fermentech Labs Pvt. Ltd, Marine Gate Incubation Center (MAGIC), Vrinda Agrifarm Technologies, Vanix Technologies Private Limited, Aroma, Bhaderwah, Urban Air Labs, Pahadi Amrut, Ahuja Engineering Services Pvt Ltd, Genetico Research & Diagnostics, Scanpoint Geomatics Limited, Paradox Sonic space research association (PSSR India), Paradox Sonic space research association (PSSR India), Sengathali Biofiber Private Limited, Earthtech Renewables LLP, Kidaura Innovations Pvt. Ltd., Verdant Impact Private Limited (formerly known as Starskill Consultancy Private Limited), Scientech Technologies Pvt. Ltd., Himalayan Essential Oils Producer Company Ltd., SRNAS OPC Pvt Ltd, JK Aroma Ltd, Gear Technologies, UBreathe, ESPAL CAN Pvt .ltd, Suraj shreechemicals, Sahil Apiaries and Beehive Products, Kashmir Trout, Yuktika Biotech, Rudra Shakti herbs Pvt ltd.
(With GDP entries)