Delhi NCR has been home to many incredible startups in India; Paytm and Oyo, to name a few. The pandemic was an accurate time when the bright minds and ideas caught the government’s attention.
Delhi, Gurugram, and Noida are home to 7,039 startups, 23% of the startup share of India is just constituted in Delhi NCR. Since its a hub for students, industries, and several prestigious institutions, over the last few years, the startup ecosystem has achieved a tonne of opportunities for the budding entrepreneurs.
As per the report, the region has the highest number of active start-ups in the country as well and has a 23% share of all start-ups in the country. The report states that Delhi-NCR is set to become one of the top five global start-up hubs by 2025 with 12,000 start-ups, 30 unicorns, and a cumulative valuation of about $150 billion.
At the launch of the policy consultation, Kejriwal said, “Since my IIT days, I have seen some of the brilliant minds from India, go abroad for better opportunities. I believe Indians are the smartest entrepreneurs in the world and all they need the right opportunities and conditions to help them thrive. With this startup policy, we aim to make Delhi one of the top five global destinations for startups.” Kejriwal himself has been a student of IIT Kharagpur.
The government in a statement said policy consultations will be held over two stages.
“Firstly in the spirit of the Delhi model of teamwork, the Delhi government on Saturday invited the industry leaders, entrepreneurs, and policy experts from various sectors to provide inputs in drafting the new startup policy. Following this, the Delhi government will soon release a draft startup policy and launch an online forum to seek inputs from the general public on the new start-up policy.” said, the government.
Industry stakeholders meanwhile welcomed the initiative.