Six-fold increase in recognized startups in Gujarat in five years – News India Live

Ahmedabad: Gujarat has seen a significant increase in the number of startups in the last five years. A total of 565 startups were recognized in the state in 2019, compared to 3,291 startups in 2023. Along with this, Gujarat has also seen a huge increase in employment opportunities provided by startups.

Startups provided 6,077 direct employment opportunities in 2019, which will increase to 48,138 in 2023. This was said in response to a question asked by MP Parimal Nathwani in Rajya Sabha.

A total of 10,604 startups across India were recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) in 2019, increasing to 34,779 in 2023. Also, the employment opportunities provided by these startups across India were 1,23,071 in 2019, which increased to 3,90,512 in 2023.

The government launched the Start-up India initiative on 16 January 2016 with the aim of promoting investment in the start-up ecosystem and building a strong ecosystem to promote innovation and startups in the country. The number of startups recognized by DPIIT has increased to 1,17,254 by 31 December 2023. These recognized startups have made a significant impact on the economy by creating 12.42 lakh direct employment opportunities.

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