Annual investment in startups increased to $36 billion: DPIIT secretary

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New Delhi, Jan 15 (PTI) Investors are showing a lot of interest in the country’s startup ecosystem, which is the reason why investment in such units is increasing rapidly. Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), said this on Saturday.

Jain said the annual investment in startup units has increased from $11 billion to $36 billion.

He said that investment in startups from all over the world has increased from four per cent to six per cent in the country. This also includes domestic investment.

Speaking at the National Startup Awards function here, Jain said, “Investors are showing great interest in the startup ecosystem in the country. In the last one year, investment in startup companies has increased from $11 billion to $36 billion.

Addressing the online event, Commerce and Industry Minister Piyush Goyal asked startups to come up with more suggestions to ease the regulatory burden. He said that this will take the startup story forward.

Goyal said, “I have come to know that in 2021 there have been more than 1,000 deals in the startup sector and in the first nine months, there has been an investment of 23 billion dollars in this sector.”

He said that many of our entrepreneurs can become guides for the new startup units going ahead. “We should focus on setting up ‘Startup Outreach Centres’ in different districts.”

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