- Goyal inaugurated Startup Mahakumbh on Thursday, Urged Indian Investors to Strengthen Start-up Ecosystem with More Domestic Capital
- We need to handhold start-ups in the country that are struggling to succeed: Shri Goyal

Union Minister of Commerce & Industry Piyush Goyal has emphasized on need of investment in emerging technologies to strengthen start-ups in the country. At the inaugural ceremony of the second edition of Startup Mahakumbh on April 3 in Delhi, the Minister highlighted the need for investments in emerging technologies such as robotics, automation, machine learning, 3D manufacturing, and next-generation factories.

The Commercce and Industry Minister said these innovations are essential for realizing the vision of 'Viksit Bharat 2047' and establishing India as a global leader in industry and innovation. India's position as the world's third-largest startup ecosystem, attributing this achievement to the country’s dynamic entrepreneurial spirit and technological advancements. Speaking at the event which will run from April 3-5. He also underscored the evolving role of startups in driving India's economic and technological growth.

Support The Domestic Startup Ecosystem

Encouraging Indian investors to support the domestic startup ecosystem, Goyal reiterated the government’s commitment to fostering innovation and entrepreneurship. He assured that the government will handhold and support those who face challenges in their startup journey, encouraging them to persevere and try again. He also stressed the need for increasing domestic capital investments, stating that a strong foundation of indigenous investment is crucial to reducing dependency on foreign capital and ensuring long-term economic resilience.

Goyal emphasized the need to attract more domestic investors to strengthen India’s capital base and ensure self-reliance. He expressed confidence that with collective efforts, India’s start-up ecosystem will continue to thrive and significantly contribute to the nation’s prosperity. He urged domestic investors to invest in the country's start-ups.

Goyal commended the growth of the Startup Mahakumbh since its inception, calling it a reflection of India’s changing mindset and expanding innovation ecosystem.

Highlighting India's economic trajectory, the Minister noted that the country, currently the world's fifth-largest GDP, is on track to become the fourth largest by the end of this very year ending in December’25 and the third largest by 2027, surpassing Japan and Germany. He credited this growth to India’s robust startup ecosystem, rapid advancements in artificial intelligence, semiconductor manufacturing, and deep-tech innovations.

Delegates of 50+ Countries

With the focal theme as 'Startup India @ 2047—Unfolding the Bharat Story', Startup Mahakumbh features 3,000 startups, 1,000+ investors and incubators, 10,000+ delegates from 50+ countries, and 50,000+ business visitors, creating an unparalleled platform to shape the future of India’s entrepreneurial landscape. This Mahakumbh is there till April 5, 2025 to experience cutting-edge innovation at the thematic pavilions focusing on key sectors like AI, Deeptech & Cybersecurity, HealthTech & BioTech, AgriTech, Energy & Climate Tech, Incubators & Accelerators, D2C, FinTech, Gaming & Sports, B2B & Precision Manufacturing, Defence & Space Tech and Mobility. Thematic activities include exhibitions, engaging panels, masterclasses, fireside chats, pitching sessions and so much more. An exciting highlight of the event is the Startup MahaRathi Challenge, a high-impact platform designed to identify and accelerate India’s most promising early to growth-stage start-ups.