Startup Mahakumbh: It's Our Time Under Sun, Says Piyush Goyal

In a bid to catalyze India's burgeoning startup ecosystem, leading industry bodies including ASSOCHAM, NASSCOM, Bootstrap Incubation & Advisory Foundation, TiE, and Indian Venture and Alternate Capital Association (IVCA), in collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, are set to host the groundbreaking 'Startup Mahakumbh'. Scheduled from March 18 to 20, 2024, at the iconic Bharat Mandapam and Pragati Maidan in New Delhi, the event is poised to be a milestone in the annals of Indian entrepreneurship.

The curtain raiser for the much-anticipated event took place today at Vanijya Bhawan, New Delhi, graced by the esteemed presence of Piyush Goyal, Hon’ble Minister of Commerce & Industry, Consumer Affairs, Food and Public Distribution & Textiles, and Shri Sanjiv, Joint Secretary, DPIIT. Joining them were luminaries from the startup ecosystem including Prashanth Prakash, Executive Council Member - IVCA, Sanjeev Bikhchandani, Co-founder and Executive Vice Chairman, Info Edge, Archana Jahagirdar, Founding and Managing Partner, Rukam Capital, Nivruti Rai, MD & CEO, Invest India, Sanjay Nayar, Senior Vice President, ASSOCHAM & Founder and Chairman, Sorin Investments, among others.

Piyush Goyal's Vision for India's Startup Revolution

Addressing the gathering, Union Minister Piyush Goyal emphasized the pivotal role of startups in shaping the future of India. With an optimistic outlook, he encouraged entrepreneurs to seize the opportunities presented by India's transition towards becoming a 35 trillion dollar economy by 2047. Goyal underscored India's emergence as a global leader, attributing this success to confidence, good governance, and relentless innovation.

Bharat’s Startups are truly changing the rules of the game! 🇮🇳

Delighted to unveil the first-of-its-kind mega event 'STARTUP MAHAKUMBH'.

Inviting everyone to join us & be a part of this remarkable celebration of ideas for building a robust and resilient startup ecosystem.… pic.twitter.com/QtCbaIrZas

— Piyush Goyal (@PiyushGoyal) February 27, 2024

"I believe startups will be the backbone of new India. This is our time under the sun, and the sun is rising," he declared, urging startups not to miss the proverbial bus.

Expressing confidence in the youth, Goyal envisioned them as architects of India's destiny in what he termed as 'Amrit kaal'. He emphasized the pivotal role of the young demographic in propelling India's journey from a 3.5 trillion dollar economy to a 35 trillion dollar economy by the centenary of India's independence in 2047.

What is Startup Mahakumbh 2024?

The 'Startup Mahakumbh' is poised to be one of the largest gatherings of startups, unicorns, soonicorns, investors, industry leaders, and ecosystem stakeholders. This unprecedented event aims to showcase India's prowess in entrepreneurship, technology, and innovation while fostering collaboration and knowledge exchange. With a diverse array of activities including mentoring sessions, masterclasses, keynote addresses, and Unicorn roundtables, the event seeks to bolster the startup ecosystem in India and facilitate meaningful partnerships.

Anticipated to host over 1000 startups across 10 thematic tracks, along with a plethora of investors, incubators, accelerators, and corporate partners from both domestic and global landscapes, the 'Startup Mahakumbh' promises to be a catalytic force driving India's startup revolution.

The curtain raiser also witnessed the participation of key government partners including Shri Prashant Kumar Singh, CEO, Government e-Marketplace, Shri Sudatta Mandal, Deputy Managing Director, SIDBI, and senior officials from Export Credit Guarantee Corporation of India Limited, reaffirming the government's unwavering support for the startup ecosystem.

As India embarks on this transformative journey, the 'Startup Mahakumbh' stands as a testament to the nation's commitment to fostering innovation, entrepreneurship, and economic growth on a global scale.

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