October 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE
Startups—Gujarat best performing state

The Centre in September named Gujarat ...

  • Mr Piyush Goyal

The Centre in September named Gujarat as the best performing state in terms of implementing policies for uplifting the startup ecosystem. Besides, Andaman & Nicobar Islands was adjudged as the best performer amongst Union Territory and North Eastern states.

The ‘Startup Ranking’ framework 2019 judged states and Union Territories on seven broad reform areas consisting of 30 action points. “To establish uniformity and ensure standardization in the ranking process, ‘States and UTs’ have been divided into two groups,” the Ministry of Commerce and Industry said in a statement. “While UTs except Delhi and all States in North East India except Assam are placed in Category ‘Y’, all other States and UT of Delhi are in Category ‘X’.”

While releasing the result of the second edition of ‘Ranking of States on Support to Startup Ecosystems’ through a virtual felicitation ceremony, Commerce and Industry Minister Piyush Goyal called upon the high networth individuals, venture capitalists to finance ‘Startups’. The Minister recommended that ‘Startups’ should come up with imaginative, relevant and innovative products, undertake reengineering and reform of processes, and orient their ideas to be people-centric.

He said that the COVID-19 pandemic should not be seen as a problem or challenge but as an opportunity to re-imagine and reinvigorate India.