India will be global startup community

Inc42‘s flagship event — The Ecosystem Summit — kicked off in the presence of the who’s who of the startup community with the launch of ‘The State Of Indian Startup Ecosystem 2018’ report by Minister of Commerce and Industry and Civil Aviation Suresh Prabhu.

Indian startups have the capacity to bring about transformational change to India’s growth story said Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, in New Delhi today.   

India’s Ministry of Commerce & Industry is taking many proactive initiatives to foster a positive and empowering ecosystem for startups to grow and flourish in the country. To this end many regulations which were in place for traditional industries are now being reviewed and either scrapped or modified in order to facilitate the ecosystem which will foster and encourage startups to take root in India.

Commerce Minister also said that the Ministry is holding a top global investors meeting on December 7 in Goa to discuss investment in Indian startups. Top investors are being invited to participate in a roundtable meeting in order to pave the way for greater investments in Indian startups.

Suresh Prabhu referred to the jump that India has made in the Ease of Doing Business rankings and said that all efforts are now being made to ensure that India joins the group of countries in the top 50.

‘The State Of Indian Startup Ecosystem 2018’ report is a go-to guide on the ecosystem. It captures the essence of Inc42‘s five years of experience of and expertise in the ecosystem, aimed at enabling strategic decision-making in governance, investments, growth, and other core aspects. It is also an indicator of things to come.