Dr Jitendra Singh emphasizes the need to focus on Tier-2 and Tier-3 cities for India's startup ecosystem, citing that more than half of India's startups are not based in metros. He highlighted the importance of linking science, startups, and industry for faster indigenous technology development.
Dr Harsh Vardhan, the Minister for Science and Technology, Earth Sciences, and Health and Family Welfare, addressed the sixth edition of the RISE Conclave in Kolkata. In his speech, he emphasized the need to strengthen India's startup ecosystem by focusing on Tier-2 and Tier-3 cities, as more than 50% of India's startups are currently based in metropolitan areas.
He stressed that it is crucial to link science, startups, and industry for faster indigenous technology development. The minister highlighted the potential of eastern India's scientific and industrial base, suggesting that it could play a significant role in driving India's technological growth. He also expressed the need for greater use of artificial intelligence (AI) and digital technologies to enhance indigenous machines, optical networks, and other technologies emerging from Indian laboratories.
Key Facts:
1. More than 50% of India's startups are based in metropolitan areas.
2. Dr Jitendra Singh emphasized the need to focus on Tier-2 and Tier-3 cities for India's startup ecosystem.
3. He stressed the importance of linking science, startups, and industry for faster indigenous technology development.
Why It Matters:
Dr Jitendra Singh's emphasis on Tier-2 and Tier-3 cities could lead to a more balanced distribution of startups across India, fostering economic growth in lesser-developed regions. The focus on linking science, startups, and industry may also speed up the development of indigenous technologies, potentially reducing dependence on foreign technology.
Source:
Press Information Bureau
