PM Modi Urges Startups: Focus on Manufacturing, Deep-Tech for Global Leadership

• Prime Minister Narendra Modi urged Indian startups to prioritize manufacturing and deep-tech to lead global trends in the next decade.
• He highlighted the success of iDEX in defense manufacturing and the opening of the space sector, now involving nearly 200 startups.
• Government e-Marketplace (GeM) has facilitated market access for 35,000 startups, processing 5 lakh orders worth ₹50,000 crores.
• Over ₹25,000 crore invested through Fund of Funds for Startups, alongside seed funding and credit guarantee schemes.
• Commerce Minister Piyush Goyal emphasized continued government focus on deep-tech, innovation, and defense sectors, projecting 1 crore jobs from 10 lakh new startups.

Why It Matters: India's PM Modi calls for startups to drive manufacturing and deep-tech innovation for global leadership.