Quoting the World Bank Study which mentions that only 5168 patents were granted in India as compared with 172113 in China, Rudy urged young individuals to look at the challenges and build innovative solutions to address them. He reiterated his commitment in developing businesses and assured his full cooperation to any individual with an enterprising idea.
He congratulated NASSCOM on the launch of their Entrepreneurship Week and acknowledged their Start Ups Initiative that aims at creating 10000 enterprises by 2023.The Ministry of Skill Development and Entrepreneurship has been entrusted with the responsibility of creating skills based entrepreneurship network in the country.
The Prime Minister has also announced the "Start-up India, Stand up India" campaign from the rampant of the Red Fort this year to promote access to funding for start-ups and offer incentives to boost entrepreneurship and employment. Although the Government's attempts to improve the ease of doing business have yielded good results with the country jumping ranks to 130, there is still a long way to go as compared to countries such as Singapore, Australia, and China.
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