The number of startups goes up in NE

NEW DELHI: Sustained government efforts have resulted in increasing the number of recognised startups in the North-Eastern States (comprising Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura) from 10 in 2016 to 1,110 in 2023 (as on 28th February 2023).

This information was given by Union Minister of State for Commerce and Industry, Som Parkash in a written reply to a question in Lok Sabha.

The Government with an intent to build a strong ecosystem for nurturing innovation, startups and encouraging private investments in startup ecosystem of the country launched Startup India initiative on 16th January 2016. Since then, Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 92,683 entities as startups as on 28th February 2023.

The number of startups recognised in the country in the last five years is as under: