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India is all set to become the global startup leader

Amidst the vibrant ambiance of Bharat Mandapam, Pragati Maidan, Startup Mahakumbh, India’s grand celebration of startups, commenced its journey on March 18th, 2024. Rajesh Kumar Singh, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India, set the tone with an inspiring inaugural address. Joined by esteemed figures including Amitabh Kant, G20 Sherpa & Former CEO of NITI Aayog, the event witnessed a convergence of key government and private officials, underscoring the significance of this momentous occasion.

In his keynote address, Rajesh Kumar Singh aptly described Startup Mahakumbh as the ‘coming out’ party of the Indian startup ecosystem, symbolizing a collective stride towards the Prime Minister’s vision of a developed nation. He emphasized the event’s embodiment of the spirit of public-private partnership, noting DPIIT’s backing and the collaborative efforts of industry stakeholders. Singh expressed optimism about the avalanche of new ideas showcased at Startup Mahakumbh, envisioning it as a catalyst for fostering synergies and propelling India towards the vision of Viksit Bharat.

Echoing Singh’s sentiments, Amitabh Kant highlighted India’s remarkable startup journey, from the proliferation of incubators to the emergence of unicorns, underlining the sector’s pivotal role in job creation and economic growth. He emphasized the need for startups to focus on corporate governance, finance management, and mentorship to sustain their growth trajectory and elevate India’s position on the global stage.

The first day of the event unfolded with engaging panel discussions across various verticals, with the ‘pharma and biotech’ segment sparking insightful conversations on conquering new markets. Experts including Dr. Jitendra Kumar, Dr. Taslimarif Saiyed, Dr. Anand Anandkumar, and Prof. Vijay Chandru shared valuable insights, fueling discussions on navigating challenges and seizing opportunities in the dynamic startup landscape.

Furthermore, Startup Mahakumbh served as a platform for Indian startups to forge valuable connections with esteemed partners, including Dalmia Bharat, Google, Acko, Captain Fresh, Mobile Premier League (MPL), and many others, fostering a collaborative ecosystem conducive to innovation and growth.

Sadhna B

Sadhna B

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