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The Electronics Committee also known as the "Bhabha Committee" created a 10-year (1966–1975) plan laying the foundation for India's IT Service Industries. [10] The industry was born in Mumbai in 1967 with the establishment of Tata Consultancy Services [11] who in 1977 partnered with Burroughs which began India's export of IT services. [12]
The Department for Promotion of Industry and Internal Trade (DPIIT) is a central government department under the Ministry of Commerce and Industry in India. It is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.
The number of newly founded startups has increased from 733 in 2016–17 to over 14000 in 2021–22, making India the third largest startup ecosystem in the world after the US and China. [3] Among them, around 6600 startups have been in the FinTech industry, evaluating a market value of US$31 billion in 2021. [4]
Recently instituted National Startup Award by ministry of commerce and industry recognised 46 startups [5] on the eve of First National Startup Day announced by Hon'ble Prime Minister Narendra Modi. udChalo, Ratan Tata backed Repos and others remarkable startups [6] are among the winners.
This is an accepted version of this page This is the latest accepted revision, reviewed on 2 January 2025. Indian entrepreneur Trishneet Arora Arora in New Mexico, February 2019 Born 2 November 1993 (1993-11-02) (age 31) Ludhiana, Punjab, India Occupation Chief executive officer of TAC Security Years active 2012 – present Trishneet Arora (born 2 November 1993) is an Indian entrepreneur. He ...
In 2017 the government of Vietnam opened discussions with the government of India on emulating its use of cybersecurity and egovernance. [55] At the launch ceremony of Digital India Week by Prime Minister Modi in Delhi on 1 July 2015, CEOs from India and abroad committed to invest ₹ 224.5 lakh crore (US$2.6 trillion) towards the initiative. [56]
In 2019, India was ranked at 63rd place out of 190 countries in the World Bank's ease of doing business index, [25] up from 130th in 2016. [26] In February 2017, the government appointed the United Nations Development Programme (UNDP) and the National Productivity Council "to sensitise actual users and get their feedback on various reform measures."
Since 2012, San Francisco-based Startup Genome has been the first organization to release comprehensive research reports that benchmark startup ecosystems globally. Under the leadership of JF Gauthier and Marc Penzel, the company has been the first organization to capture the requirements of a startup ecosystem in a data-driven framework. [15]