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India to have 100,000 startups by 2025: Mohandas Pai at NSE Tech Conclave

Currently, there are 32,000 startups and every year 7,000 companies are coming around

Press Trust of India  |  New Delhi 

Mohandas Pai
Union Minister for Information Technology, Ravishankar Prasad receives a memento from NSE Managing Director at 'NSE Tech Conclave 2018' in New Delhi

will have one lakh startups by 2025, employing 3.25 million people, Global Education T V Mohan Das said today.

He further said ecosystem will facilitate creating USD 10 trillion economy in by 2030. Besides, startups will help solve the country's problems.

Currently, there are 32,000 startups and every year 7,000 are coming around.

"will have one lakh startups by 2025 employing 3.25 million people and creating $500 billion in value," said at NSE's Tech Conclave here.

The event was organised by National Stock Exchange to talk to startups as to whether they could access the markets, and to create a conducive capital market ecosystem for the new economy and in the country.

Pai, who is also an angel investor, asked new to go public as listing will provide liquidity and create brand value for such entities.

He further said India has possibly got the third largest ecosystem for startups after the US and

NSE also said the exchange is committed to building an ecosystem for efficient functioning and growth of startups in India.

He also urged startups to go public once they have reached a certain scale as listing will provide them liquidity and also give exit options to private equity as well as which have invested in them.

NSE, which provides Emerge ITP platform for listing of the new age companies in technology, data analytics, or nanotechnology, said such companies will drive the economy growth in the coming years.

First Published: Tue, February 27 2018. 18:15 IST