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Non-IT firms filling start-up universe

Data from the corporate affairs ministry suggests that around 100,000 new firms were registered in 2014

Image via shutterstock.com
Image via shutterstock.com

Start-ups have mostly been synonymous with technology but the trend seems to be changing. Experts say entrepreneurs are exploring other sectors such as health care, renewable energy, aeronautics, food and beverages services and agriculture, among others. According to tech industry association Nasscom, till 2014 around 3,500 information technology (IT) start-ups came up in India, a figure projected to rise to 12,000 by 2020. This is a small portion of the total universe of new companies registered last year. Data from the corporate affairs ministry suggests that around 100,000 new firms ...