Regional Resources Key to Start-Up Success in Jammu and Kashmir, Says Union Minister Jitendra Singh

Union Minister Jitendra Singh emphasized the importance of changing mindsets and exploring regional resources to bolster start-up success in Jammu and Kashmir. Speaking at the National StartUp Conference, Singh highlighted the significant growth in Indian start-ups and the role of local resources like agriculture in the region's entrepreneurial future.

Union Minister Jitendra Singh on Sunday highlighted the importance of changing mindsets and utilizing regional resources to foster the success of start-ups in Jammu and Kashmir.

During the valedictory function of the two-day National StartUp Conference RASE 2024 at the National Institute of Technology (NIT), Singh noted that start-ups in India have made considerable progress over the past decade. He credited Prime Minister Narendra Modi's 'StartUp India, StandUp India' initiative for driving this growth, bringing the number of start-ups from just 350-400 a decade ago to 1.5 lakh today, positioning India third globally for start-up numbers.

Singh pointed out that in regions like Jammu and Kashmir, the traditional reliance on government jobs has hindered start-up growth. He stressed the necessity of raising awareness about more lucrative entrepreneurial avenues. Particularly, he encouraged focusing on agriculture-related start-ups, citing the success of the Aroma Mission with lavender farming as a prime example. Singh also highlighted the potential in floriculture, handicrafts, horticulture, and textiles, urging collaboration between academia, research, and industry to drive these initiatives forward.

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