India Has 100 Unicorns With A Value At 0 Billion: Nirmala Sitharaman

Nirmala Sitharaman mentioned these unicorns have managed to boost over $63 billion in the previous couple of years.


India was dwelling for over 100 unicorns with a complete worth of USD 250 billion which have managed to boost over USD 63 billion in the previous couple of years, Union Finance and Corporate Affairs Minister Nirmala Sitharaman mentioned right here on Saturday.

Nearly 25 per cent of the start-ups within the Silicon Valley had been managed by individuals of Indian origin and it was a matter of pleasure, she mentioned at an occasion right here.

The start-up eco-system was constructed effectively within the nation and all of the 100 unicorns had been valued at USD 250 billion and have managed to boost over USD 63 billion from the capital markets, she mentioned addressing new graduates on the tenth Convocation of the Indian Institute of Information Technology, Design and Manufacturing, Kancheepuram close to right here.

“I am saying all these things because, even as you graduate from here, you all can become entrepreneurs and create jobs for others. It is not the world were entrepreneurship is worrisome or entrepreneurship has risks. It may have had the risks, (but) it is possible for you all to become entrepreneurs yourself,” she mentioned.

“Twenty-five per cent of the start-ups in the Silicon Valley are managed by people of Indian origin. So for everyone of who is looking at Silicon Valley, you could actually lift your collars in pride that 25 per cent of all the start-ups there are managed by Indians,” she added.

“I am sure many of you all have your sights already on the Silicon Valley,” she mentioned.

Referring to Prime Minister Narendra Modi’s Independence Day speech of ‘Jai Jawan, Jai Kisan, Jai Vigyan and Jai Anusandhan’, Ms Sitharaman mentioned the slogan was no extra with Jai Jawan and Jai Kisan, it has been added with ‘Jai Vigyan (know-how) and Jai Anusandhan (innovation)’.

“In the last two (Jai Vigyan and Jai Anusandhan) your contribution will get recognised and that is what going to take India technology savvy and advanced country in 2047 at 100 years of Independence,” she mentioned.

“I would say each and every one of your contribution is what is going to make it possible for India to reach and achieve advanced economy status by 2047 for which several steps the government has already taken,” she mentioned. 

(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)

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