PM Modi to advocate startup culture at July 4 SCO Summit
Narendra Modi will advocate sharing best practices from the Indian Startup sector to promote innovation and business in the Eurasian region at next week’s Shanghai Cooperation Organisation (SCO) Summit. The PM has put special emphasis on promoting Startup culture through the SCO platform to encourage young entrepreneurs and boost the economy of the vast Eurasian region. Besides the PM, presidents of Russia, Belarus, China, Pakistan’s prime minister and other Central Asian leaders, would attend the SCO Summit virtually.
Iran, which will be admitted as the next SCO member, is also expected to be represented at the summit. Ahead of the summit, India organised a meeting of SCO Startup Forum, which has essentially been an Indian initiative since 2020. The forum aimed to expand startup interactions among the SCO member states and encourage innovation, employment generation, and talent building, an official said.
The event was organised by Startup India, the Department of Promotion for Industry and Internal Trade under the Ministry of Commerce. The SCO Startup Forum focused on collaboration and entrepreneurship, according to the above-mentioned official. It aimed to promote innovation development, particularly through the creation of common platforms and the facilitation of ideas and best practices among the SCO member states.
The forum facilitated various startup-to-startup bilateral meetings to promote and achieve this agenda, the official recalled. The forum witnessed physical participation from the SCO member states, including a delegation of government officials, private industry players, incubators, and start-ups. Indian Minister of State, Ministry of Commerce & Industry, Som Parkash had delivered the keynote address,
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