Union Minister Anurag Thakur, said that India is now the hub of start-up ecosystem in the world and ranks third with 90,000 startups and 107 unicorn companies worth 30 billion dollars. Speaking at the valedictory function of the University North Zone Youth Festival (Antarnaad) in Jammu, Thakur said that Rs 8 lakh crore will be invested in green jobs over the next five years to generate thousands of jobs for India’s youth.
“India is now the hub of start-up ecosystem in the world, ranking third with 90,000 start-ups and 107 unicorn companies worth 30 billion dollars which has been possible only by the contribution of India’s youth,” Anurag Thakur said, news agency PTI quoted
Thakur added that the world is looking towards India as the biggest exporter of vaccines, mobile phones and defence equipment.
“For that, India is moving towards becoming the global hub for green hydrogen producing five million metric ton, 10 per cent of the world in the next five years with Rs 8 lakh crore investment that will generate thousands of green jobs for the youth of this country,” he said.
In a series of measures announced for the startups in India in Union Budget 2023-24, Union Finance Minister Nirmala Sitharaman proposed the date of incorporation for income tax benefits for start-ups from March 31, 2023 to March 31, 2024. She also proposed to increase the benefit of carrying forward losses for startups to 10 years.
