60% of start-ups are located in 5 States
17 Dec 2018 10:12 AM GMT
IT service sector tops the field
- Over 60 per cent of the start-ups out of 14,565 initiatives in India are concentrated in five States led by Maharashtra which has the highest number (2,787) followed by Karnataka (2,107), Delhi (1,949), Uttar Pradesh (1,201) and Telangana (824), while Sikkim has the lowest number (1) of start-ups.
- About 15 per cent of start-ups are from IT services followed by healthcare and education (9 per cent each).
- Launched on January 16, 2016 by the Prime Minister Narendra Modi, Start-up India, set-up under Invest India, is a flagship initiative of the government intended to build a strong eco-system for nurturing innovation and start-ups in the country that will drive sustainable economic growth and generate large scale employment opportunities.
- The total number of applications received for recognition under Startup India initiative is 19,611, of which 14,565 applications have been approved, according to the data provided by the Ministry of Commerce and Industry.
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