Tier 2 & 3 Cities Are Growing To Monopolise Startups’ Landscape: Invest India

No.PR-86

September20, 2018

New Delhi

 

TIER 2 & 3 CITIES ARE GROWING TO MONOPOLISE STARTUPS’ LANDSCAPE: INVEST INDIA

 

MD & CEO, Invest India, Mr. Deepak Bagla on Thursday announced that Tier-2 and Tier-3 landscape of Indian union has become the engine of growth in general sense and also acquired a reputation to drive Startups passion in India with number of Startups venture exceeding 20,000 in recent past.

 

Speaking at “My India My Startup-100 Unicorns by 2025” under aegis of PHD Chamber of Commerce and Industry here today, Mr. Bagla made a prognosis claiming that the way the Startups’ movement has been pacing up, it can conveniently be foretold that India is well poised to produce 100 Unicorns by 2023 as against the projected target of 2025 by PHD Chamber.

 

“Invest India” which is a sort of ‘Startup itself’ has not only been promoting investments towards India and its rich demography, it is also playing a role of conducting intensive policy advocacy role to intensively launch Startups connecting them and their ideas with prospective investors with comprehensive details through its portal with proactive team-work, pointed out Mr. Bagla.

 

According to him, the Invest India has also been devoted to creating an eco-system with concerned policy makers so that the conceived ventures of Startups take off to yield for the intended purposes as a result about 18 States of Indian union have already put up relevant Startup Policies, hoping that the remaining States would follow the drive launched on this front by the 18 States in next few months.

 

It is this drive coupled with growing passions with accompanying Startups, particularly from Tier-2 and Tier-3 landscape of Indian Union, their contribution to growth trajectory has been substantial, felt Mr. Bagla.

 

In his welcome address, President, PHD Chamber, Mr. Anil Khaitan emphasized that Startups’ ventures have been succeeding and their success rate would become much more distinct and pronounced provided these are connected with their potential fund managers as Startups ideas are caught up commercially with available funding to them.

 

Among others who also present on the occasion comprised Vice Chancellor, Delhi Pharmaceutical Sciences and Research University, Prof. Ramesh K Goyal; Director, KPMG, Mr. Himanshu Rattan; Chairman and Co-Chairman, Startup Committee, PHD Chamber, Mr. Ashish Agrawal and Mr. Sumit Duggal and its Director, Dr. Jatinder Singh.

Ends.

Koteshwar Prasad Dobhal

Consultant (PR)