New Delhi: India has attracted foreign direct investment (FDI) worth $51 billion over the past six months, signalling continued global confidence in the country’s economic prospects, according to Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT).
Bhatia said the government is intensifying its focus on strengthening the startup ecosystem. As part of this effort, National Startup Day will be observed on 16 January, during which 75 Grand Challenges will be unveiled to encourage innovation and sector-specific problem-solving. He added that the initiative has generated strong interest, with over 3,000 participation requests already received.
The event will also feature the presentation of 20 National Startup Awards to honour exceptional entrepreneurial achievements.
Highlighting the link between startups and investment inflows, Bhatia said manufacturing is emerging as a key driver, supported by innovation-led production and rising investments. He also noted growing collaboration between large corporations and startups, aimed at scaling new technologies and products.
Earlier, Prime Minister Narendra Modi said the convergence of Digital India, startups and youth participation is transforming the nation. He pointed to rapid growth in creative and technology-driven sectors, led by young innovators and the expanding ‘Orange Economy’.
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