Home |Sitemap |FAQs |Contact Us
Product Country
Increase Font Size Decrease Font Size
Menu
Market News
 
Centre looks to partner with agriculture startups.
Feb 22, 2022

The central government is willing to be your business partner if you launch a startup focused on digital solutions for agriculture, climate change, rural development, education and even health care delivery, as India aims a big boost to its already bustling startup ecosystem.
 
Ministries are gearing up to open themselves to business proposals from individuals, investors and firms where the state will hold limited equity partnerships, including the ministries of agriculture and electronics.
 
A reason why the Union government has decided to be an investor is to provide 'nascent-stage funding for newer entrants given India’s promising startup ecosystem and the potential they hold to transform the many sectors', an official said, requesting anonymity.
 
The government had a 'good idea and lots of data' on startups’ potential and the value they can add to the economy’s output by managing earlier initiatives such as Startup India, which had an outlay of over ?900 crore, the official said.
 
India has overtaken the UK to be the third highest country in number of unicorns after the US and China, which added 487 and 301 unicorns, respectively, in 2021. As of January 14, India has 83 unicorns, with a total valuation of $277.77 billion, according to the latest Economic Survey. A unicorn is a startup with a valuation of at least $1 billion.
    
hindustantimes

Archive
 

Trade Leads

Directory's

APEDA Agri Exchange

News & Analysis

Contact

  • Agricultural and Processed Food Products Export Development Authority (APEDA)
    (Ministry of Commerce & Industry, Govt. of India)

  • NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
    Phone : 91-11-41486013, 20863919, 20867008, 20867007