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Prime Minister Modi Declares January 16 As National Startup Day

PM Modi was interacting with over 150 startups on Saturday as part of Azadi Ka Amrit Mahotsav, "Celebrating Innovation Ecosystem" where he highlighted the important role of startups in Indian economy.

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Prime Minister Narendra Modi on Saturday declared that January 16 will be celebrated as 'National Startup Day'.

While interacting with over 150 startups on Saturday, he said, "Startups are going to be the backbone of new India. When India completes 100 years of independence, startups will have an important role."

The interaction was part of Azadi Ka Amrit Mahotsav, "Celebrating Innovation Ecosystem," a week long event hosted by Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.

"This decade is being called as 'techade' of India...to strengthen the innovation, entrepreneurship and startup ecosystem have important aspects like liberating entrepreneurship, innovation from govt processes, bureaucratic silos,” Modi said. 

The event also marks the sixth anniversary of the launch of the 'Startup India' initiative.