India is Emerging as the Land of Job Creators: G. Kishan Reddy

Union Minister of Culture, Tourism and the Development of the North Eastern Region, G Kishan Reddy attended the Inception Meeting of the G-20 Start-up 20 Engagement Group at the Taj Krishna in Hyderabad today. 

The meeting was also attended by the Union Minister of State for Commerce and Industry, Som Prakash, Sherpa of the G-20; Amitabh Kant, CEO of NITI Aayog; Parameshwaran Iyer, officers of the Ministry of Commerce and Industry and delegates from the G-20 nations, special invitees from the observer countries, representatives from various multilateral organizations and the Global and Indian startup ecosystem.

Addressing the delegates and the participants under the theme ‘Innovating for Amrit Kaal, India @ 2047’, he said, “True to its theme, this G-20 under India’s presidency aims to set the course for acting responsibly, aiming for joint cooperation and achieving and sharing our successes.”

G Kishan Reddy also spoke about the start-up ecosystem in India and said “India is the ideal location for today’s start-up engagement group as we have close to 85,000 registered start-ups with 100 plus unicorns at a combined valuation of $350 billion dollars. With the third highest number of unicorns in the world, it is only a matter of time before India leads this list”.

“Through our start-ups, our youth wants to become job creators instead of being job seekers. Our startups are innovating, investing, and inventing new products and experiences. The success of our startup ecosystem symbolizes the passion, progress and priority of the government in encouraging and hand-holding these startups. Our large talent pool and our demographic dividend make India an ideal investment location”, he added.