• Thursday, May 09, 2024

Business

Gujarat tops India’s Startup Ranking 2022; ‘matter of joy & pride,’ says CM

It was the fourth consecutive time that the western state bagged the crown.

Indian prime minister Narendra Modi with the chief minister of the western Indian state of Gujarat, Bhupendra Patel (L) at Vibrant Gujarat Global Summit 2024 in state capital Gandhinagar on January 9, 2024. (Photo by PUNIT PARANJPE/AFP via Getty Images)

By: Shubham Ghosh

BHUPENDRA Patel, chief minister of the western Indian state of Gujarat that recently hosted a major business summit that was attended by dignitaries from the country as well as abroad, on Tuesday (16) expressed happiness after the state bagged the top position in the State Startup Ranking 2022. It was the fourth consecutive time that the western state bagged the crown.

The ranking was announced by the Indian ministry of commerce and industry the same day.

Commerce and industry ministry Piyush Goyal announced the results at the Startup Awards & State Ranking Awards function in New Delhi wherein Gujarat was ranked top in the best performing state category for states with a population of more than one crore (10 million).

“It is a matter of joy and pride for all of us that Gujarat has been declared the best performing state in the State Startup Ranking 2022 for creating a strong ecosystem in the state. This ranking has been given by evaluating the states on various yardsticks including funding support, mentor support, capacity building, and market access to startups,” Patel said in a post in Gujarati on X.

Read: Vibrant Gujarat business summit concludes, MoUs worth £249b inked

Gujarat is committed to contribute more towards realising the Startup India vision of prime minister Narendra Modi, and his government has provided Rs 1,000 crore to the Gujarat Young Entrepreneurs Venture Fund for the purpose, he noted.

Read: India home minister urges Gujarat industry leaders to invest in Kashmir

Apart from this, assistance facilities like Sustainment Allowance, Infrastructure Assistance, Monitoring Assistance and Marketing Allowance are also provided, he said.

India’s department for promotion of industry and internal trade under the commerce and industry ministry launched a startup ranking framework for the states in 2018 to motivate innovation and entrepreneurship.

The award was accepted by senior officials of the industries department and Team Gujarat in New Delhi.

Gujarat rolled out its first Startup Policy in 2015 and there are at present over 9,200 recognised startups in the state, an official release said.

The state had also won the Prime Minister’s Award for Excellence in Public Administration in 2017 for the successful implementation of the Startup India programme, it said.

(With PTI inputs)

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