Startups to power India’s growth: Piyush Goyal

Union Minister of Commerce and Industry and Railways, Piyush Goyal participated in the third edition of India Energy Forum 2019 B Cerewec in New Delhi today. Piyush Goyal R. K. Singh, Minister of New and Renewable Energy and Prahlada Joshi, Indian Minister along with Coal and Mines were part of the panel. The deliberations were made by Daniel Yergin, a Pulitzer Prize-winning author, speaker and energy expert.

During the discussion, the Minister of Commerce and Industry said that India has naturally emerged as the startup capital of the world with the highest number of registered startups and has decided to suo motu of oil PSUs to set up a startup fund under the Ministry of Petroleum Is appreciated. Encouraging Indians to innovate and establish their own companies. Piyush Goyal further said that India would soon become the innovation capital of the world and informed that during interactions with young innovators, even in the remotest parts of the country, bright ideas to solve the number of young economic and social problems Come with those who prevail today in India. He said that he is very proud of the young girls and boys who are the driving force behind the startup revolution happening in India today.

Commerce and Industry Minister further said that he is not worried about the state of the world in this time of trade wars as thesewere issues waiting to be addressed. He further added that countries of the world cannot develop when few countries are giving subsidies and nurturing an eco system of unfair trade and competition among industries.Itis the need of the hour to have a more balanced development across the world and distributed sources of wealth creation, said Piyush Goyal.