The Department for Promotion of Industry and Internal Trade (DPIIT) released a ranking of states providing better ecosystems to startups on Friday. Gujarat has once again emerged as the best-performing state in this ranking. It has been the best performer among all the states and one union territory Delhi. Except for Assam, all other northeastern states and union territories other than Delhi have been kept in separate categories. Andaman and Nicobar islands have been the best performers in this category.
22 States and 3 Union Territories Participated
On Friday, Commerce Minister Piyush Goyal released the ranking and said that 22 states and 3 union territories have participated in it. This ranking has been decided on the basis of providing a better ecosystem for budding entrepreneurs to set up startups. According to the ranking framework released in 2019, 30 marks are awarded based on improvement in seven areas. This time states have been ranked by dividing them into two classes ‘Y’ and ‘X’. The Y category includes all the union territories except Assam and Delhi. All other states and union territories are included in the X category. Andaman & Nicobar Islands have become the best performers in the Y category.
Goyal and DPIIT Secretary Comments on the Occasion
With the launch of the @StartupIndia initiative, India was able to give a big thrust to promoting startups in the country.ADVERTISEMENT
We have today the third largest startup ecosystem in the world. pic.twitter.com/FvvLm5fsM7
— Piyush Goyal (@PiyushGoyal) September 11, 2020
Goyal said that the ‘Fund of Funds’ is supporting them in the case of startup funding and that many PSUs are coming forward with creating dedicated funds for startups. He also sent a message to the startup that he should focus on three ‘P’ products, processes and people to promote self-reliant India. DPIIT Secretary Guruprasad Mahapatra said on one occasion that the department had so far identified 36,000 startups. He said that all the states are working to promote the new emerging entrepreneurs. Four lakh jobs have been created in the country due to the start-up of startup work and a favorable environment has been created. In the ranking, states and union territories are classified into five categories.
The Ranking is done on the basis of these 7 Areas
To make compliance easier
Easing government procurement rules
Awareness and Outreach
States that Perform Better After Gujarat
Bihar, Maharashtra, Odisha, Rajasthan and Chandigarh have been ranked among the top-performing states after Gujarat. At the same time, Haryana, Jharkhand, Punjab, Telangana, Uttarakhand and Nagaland have been included in the rank of Leader of Statistics. Andhra Pradesh, Assam, Chhattisgarh, Delhi, Himachal Pradesh, Madhya Pradesh, Tamil Nadu, Uttar Pradesh, Mizoram and Sikkim have been ranked among the emerging startup ecosystems.