Madhya Pradesh (Gulshan Paruthi) was honored as the leader in the startup ranking of states for the year 2022. Union Commerce and Industry Minister Shri Piyush Goyal honored Madhya Pradesh in the National Startup Day program organized at Bharat Mandapam today. Director of the Micro, Small, and Medium Enterprises Department, Shri Rohit Singh, received this honor.
It is noteworthy that the Madhya Pradesh government released a new startup policy in February 2022. This has resulted in an increase of 108% in the number of recognized startups in the state in a short period of two years.
The startup ranking of states aims to promote the spirit of competitive and cooperative federalism. This encourages startups. The Startup Ranking has specifically recognized the initiative to create an efficient mechanism for creating awareness about startup ventures in the higher education institutions of the state.
Efforts like the creation of an interactive portal for the stakeholders of the startup ecosystem in the state and organizing investor-startup meetings to provide a platform for startups to engage in continuous interaction with investors have also been appreciated.