Odisha Ranks Among Top 4 States To Support Start-Ups

Odisha Ranks Among Top 4 States To Support Start-Ups
Odisha Ranks Among Top 4 States To Support Start-Ups

As per the reports released by Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles Piyush Goyal on Monday, Odisha ranks in top 4 states in India to support the start up ecosystem culture.

Following are top states in other categories:

Leaders — Assam, Punjab, Tamil Nādu, Uttarakhand & UP among states; Andaman & Nicobar Islands, Arunachal Pradesh & Goa among UTs and NE states.

Aspiring Leaders — Chhattisgarh, Delhi, Madhya Pradesh & Rajasthan among states; Chandigarh, Dadra & Nagar Haveli and Daman & Diu, Himachal Pradesh, Manipur, Nagaland, Puducherry and Tripura among UTs and NE states.

Emerging Start-up Ecosystem — Andhra Pradesh & Bihar among states and Mizoram & Ladakh among UTs and NE states.

Goyal said after declaring the awards that ONDC (Open Network for Digital Commerce) had the power to spawn thousands of start-ups.

“The huge success that UPI has been in India, which has democratised the payment system in India. In the next 5 years, we will have ONDC democratize the e-commerce across India. So much so that we will have a few thousand start-ups may be more and a few hundred unicorns. Rather than three companies being 100 billion or one trillion size, you will have a thousand companies each of a billion dollar. That is what ONDC has the power to do,” Goyal said.

Story By- Saayak Karmakar, Resident Editor, Interview Times

Image Source- Google