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India emerged as world’s 2nd biggest start-up hub: Modi

Indian prime minister Narendra Modi addresses the convocation ceremony of the Indian Institute of Technology (IIT), Kanpur, Uttar Pradesh, on December 28, 2021. (ANI Photo)

By: Shubham Ghosh

INDIAN prime minister Narendra Modi on Tuesday (28) said that the country has emerged as the second biggest start-up hub in the world and this has been achieved mainly with the help of students from the Indian Institutes of Technology (IITs).

Modi, who was addressing the 54th convocation ceremony of IIT Kanpur, one of the prestigious IIT centres of India located in the northern state of Uttar Pradesh, said, “In this 75th year of independence, we have over 75 unicorns, over 50,000 start-ups. Of these, 10,000 have come only in the last 6 months. India has emerged to be the second biggest start-up hub in the world, and this feat has been achieved majorly with the help of students from IITs.”

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The prime minister said IIT Kanpur’s contribution in developing 5G technology has been recognised globally.

He also said that by the time India celebrates its 100th year of independence (2047), it will include the contribution of all students who were present at the convocation ceremony.

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“In the last 7 years, several programmes have been introduced by the Centre to aid students. The youth is being readied to face bigger challenges more efficiently with the help of National Education Policy,” Modi said.

The prime minister stressed in his speech that everyone should religiously strive for achieving ‘Aatmanirbhar Bharat’ (self-reliant India).

“We should have achieved a lot of things by the time India completed 25 years of independence. But unfortunately, we could not do much. But now, we do not have even two minutes to waste. We must strive religiously for a self-reliant nation,” he added.

Modi said that India is not self-reliant, it will not succeed and scale ultimate heights and it can be done only by the country’s youth.

“This century is completely technology-driven. Students have invested the most important years of their lives in learning about technology. And this will make it impossible for any other force to stop you from excelling,” Modi said.

On the occasion, all students present were issued digital degrees through an in-house blockchain-driven technology developed at the institute under the National Blockchain Project.

The prime minister also launched the blockchain-based digital degrees which can be verified globally and cannot be forged.

Modi has been making frequent visits to poll-bound Uttar Pradesh to flag off a series of infrastructure projects, ranging from airports to expressways to temple complexes to metro railway stations.

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