Government selects 92,683 entities as startups as on February 28, IT sector records highest number
By MYBRANDBOOK
As informed to Parliament, the Ministry of Commerce and Industry has recognised 92,683 entities as startups as on February 28 this year. The recognised startups can avail tax and non-tax benefits under the Startup India initiative.
In a written reply to Lok Sabha, Minister of State for Commerce and Industry Som Parkash has mentioned that in order to build a strong ecosystem for nurturing innovation and startups in the country the government launched Startup India initiative on January 16, 2016.
The government, with an intent to build a strong ecosystem for nurturing innovation and startups in the country, launched Startup India initiative on January 16, 2016, Minister of State for Commerce and Industry Parkash said in a written reply to the Lok Sabha.
"Sustained government efforts in this direction have resulted in increasing the number of recognised startups from 442 in 2016 to 92,683 in 2023 (as on February 28, 2023)," he said.
Over 7,000 recognised startups are in sectors like construction, house-hold services, logistics, real estate and transportation.
Highest number of recognised startups are from the IT sector (11,099). In the second position come healthcare and lifesciences (8,691) followed by education (5,962), agriculture (4,653) and food and beverages (4,523).
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
IBALL WORLDWIDE PVT. LTD.
FRESHWORKS TECHNOLOGIES PVT. LTD.
MICROMAX INFORMATICS LTD.
TEJAS NETWORKS INDIA PVT. LTD.
Technology Icons Of India 2023: Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla’s return to Vodafon...
Technology Icons Of India 2023: Anil Kumar Aggarwal
Anil Agarwal is an Indian billionaire businessman who is the founder a...
Technology Icons Of India 2023: Alok Ohrie
Alok plays a critical role in the Government of India’s Atal Innovat...
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
RailTel connecting every corner of India
RailTel is an ICT provider and one of the largest neutral telecom infr...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...
RAH INFOTECH
RAH Infotech is India’s fastest growing technology value added dist...
TECHNOBIND SOLUTIONS PVT. LTD.
TechnoBind’s business model is focused on identifying and partnering...