Next wave of startup to come from tier 2 and 3 cities: Union Minister

Rajiv Chandrasekhar, Federal Minister of State for Skills Development, Entrepreneurship, Electronics and Information Technology, who has arrived in Ahmedabad for a three-day visit to Gujarat, said the next wave of startups will come from Tier 2 and Tier 3 cities.

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“People used to think that the United States or Western Europe was the number one innovation economy. But in the past three years, India has shown the world that it has the largest number of companies, innovations, investments and companies. In the past three years, we have created more than one startup out of which 100 are Unicorns,” he said in an interaction with MediaPerson.

“Our focus is to see that startups are forming in Tier 2 and Tier 3 cities. Those currently in Bengaluru, Hyderabad, Gurugram, Pune, Mumbai and Chennai. Out of the 100 rhinos, 95 percent are in these cities. So the entire focus of the government is to make sure that The next wave of 2-3 startups should be from small towns He added that government investment will be in small towns.

The minister said that the Government of India would soon launch the ‘Digital India Startup Hub’ and set up a ‘Digital India Investment Fund’ which would finance start-ups. Speaking about the shortage of “digital talent” in India, the minister said, “This year the big Indian companies were hiring from Canada and Australia…so in the coming days the demand for skilled talent will be huge. In December, I was sent to Dubai. Today you want United Arab Emirates blue and white collar employees from India…”

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