Engaging with member nations will help Indian startups believes Piyush Goyal

Commerce and Industry Minister Piyush Goyal was recently seen attending the launch of India-SCO Start up Forum.

Speaking at the event, he said, innovation and disruption will be the new mandate in the emerging future.

The minister also said the new unique concepts that start-ups come up with will get a much larger engagement through this forum.

"Sharing our best practices, knowledge, engaging corporates and investors from all the member nations, monetising and mobilising capital, setting up incubators, providing exposure and scale with market access will certainly help the worthy ideas of our startups' innovations," Goyal said

He further added that this forum is an opportunity for all the member nations to share and learn from their experiences.

Also speaking at the event, Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said that since the launch of the start- up India initiative in 2016, over 35,500 start-ups are recognised by the government, and they are in 590 districts of 28 states and 8 UTs.

The forum will lay the foundation for multinational cooperation and engagement among the member states to develop and strengthen their start-up ecosystem collectively, he said.

The forum would help in empowering the local startup ecosystem, and enable access to investors and corporates in startups.

China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan and Uzbekistan are the members of SCO (Shanghai Cooperation Organisation).