PM hints at steps to boost startup funding
Financial Express Mumbai|March 21, 2024
PRIME MINISTER NARENDRA MODI on Wednesday said more innovative ways to finance startups are being explored and hinted that the full Union Budget for 2024-25, to be presented after the Lok Sabha polls, could include proposals in this regard.
MUKESH JAGOTA
PM hints at steps to boost startup funding

The country is trying to build a better mechanism for funding startups and whatever steps are required to promote the sector are being taken, he said, addressing the Startup Mahakumbh here.

The PM exhorted entrepreneurs and startups to work on "Indian solutions for global applications" while stressing that the country's thriving startup community would strive to meet the challenges faced by nations across the world. Modi said a world of opportunities is being created for innovators and investors with the advent of the artificial intelligence (AI) industry, and to support it, the government has announced the India AI Mission, the National Quantum Mission and the Semiconductor Mission.

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