India has 100 unicorns with a worth at $250 billion: FM


India was house for over 100 unicorns with a complete worth of $250 billion which have managed to lift over $63 billion in the previous couple of years, Union Finance and Company Affairs Minister Nirmala Sitharaman mentioned right here on Saturday.

Practically 25 per cent of the start-ups within the Silicon Valley had been managed by individuals of Indian origin and it was a matter of delight, she mentioned at an occasion right here.

The beginning-up eco-system was constructed nicely within the nation and all of the 100 unicorns had been valued at $250 billion and have managed to lift over $63 billion from the capital markets, she mentioned addressing new graduates on the tenth Convocation of the Indian Institute of Info Know-how, Design and Manufacturing, Kancheepuram close to right here.

“I’m saying all these items as a result of, at the same time as you graduate from right here, you all can turn into entrepreneurs and create jobs for others. It’s not the world had been entrepreneurship is worrisome or entrepreneurship has dangers. It could have had the dangers, (however) it’s attainable for you all to turn into entrepreneurs your self,” she mentioned.

“Twenty-five per cent of the start-ups within the Silicon Valley are managed by individuals of Indian origin. So for everybody of who’s taking a look at Silicon Valley, you possibly can truly raise your collars in delight that 25 per cent of all of the start-ups there are managed by Indians,” she added.

“I’m positive lots of you all have your sights already on the Silicon Valley,” she mentioned.

Referring to Prime Minister Narendra Modi’s Independence Day speech of ‘Jai Jawan, Jai Kisan, Jai Vigyan and Jai Anusandhan’, Sitharaman mentioned the slogan was no extra with Jai Jawan and Jai Kisan, it has been added with ‘Jai Vigyan (know-how) and Jai Anusandhan (innovation)’.

“Within the final two (Jai Vigyan and Jai Anusandhan) your contribution will get recognised and that’s what going to take India know-how savvy and superior nation in 2047 at 100 years of Independence,” she mentioned.

“I might say every certainly one of your contribution is what will make it attainable for India to succeed in and obtain superior economic system standing by 2047 for which a number of steps the federal government has already taken,” she mentioned.

Revealed on

September 10, 2022

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India was house for over 100 unicorns with a complete worth of $250 billion which have managed to lift over $63 billion in the previous couple of years, Union Finance and Company Affairs Minister Nirmala Sitharaman mentioned right here on Saturday. Practically 25 per cent of the start-ups within the Silicon Valley had been managed…