Startup India Expo and Conclave 2022 was Inaugurated by PHD Chamber of Commerce and Industry

BANKING AND ECONOMY

The two-day ‘Startup India Expo and Conclave 2022’ was inaugurated by the PHD Chamber of Commerce and Industry (PHDCCI) in New Delhi.

The expo focuses on the theme of ‘Rise of the Startup Ecosystem’.

Minister of State for Science and Technology Dr. Jitendra Singh will be the chief guest and Minister of State for Commerce and Industry, Ms.Anupriya Patel will be the guest of honor at the event.

The expo provides startups an opportunity to present their products to potential investors, industry leaders, government officials, fellow entrepreneurs etc.

In the last 8 years (from 2014 to 2020) the number of StartUps in India grew from 300 to 70,000. This StartUp ecosystem will determine India’s future economy and will act as a key pillar for the world economy as well.

India has the world’s third-largest ecosystem in the area of start-up and in just eight to ten days a start-up takes the shape of a unicorn. With the development of 44 unicorns in 2021, the total number of unicorns in India raised to 100. With this rising trend, India’s unicorns have a faster average growth rate than the likes of the US, UK, Germany and others.

 

   Important days for the exam:

  • The two-day ‘Startup India Expo and Conclave 2022’ was inaugurated by the PHD Chamber of Commerce and Industry (PHDCCI) in New Delhi.
  • The theme of the expo is ‘Rise of the Startup Ecosystem’.
  • Minister of State for Science and Technology will be the chief guest and Minister of State for Commerce and Industry Ms.Anupriya Patel will be the guest of honor at the event.
  • The expo provides startups an opportunity to present their product to potential investors, industry leaders, government officials, fellow entrepreneurs etc.

   Facts to know:

  • Union Minister of State for Science and Technology: Dr. Jitendra Singh - also Minister of Earth Science.
  • PHD Chamber of Commerce and Industry (PHDCCI) was established in 1905.
  • PHDCCI - Progress, Harmony and Development Chamber of Commerce and Industry (India).
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