Commerce and Industry Minister Piyush Goyal proposed the establishment of a dedicated township for entrepreneurs and startups, with the goal of replicating the success of Silicon Valley in the U.S. The idea is to create a hub for innovation and disruption, fostering the next generation of tech leaders.
He also encouraged startups to join official delegation visits abroad, emphasizing the benefits of global exposure.
“We should be aspiring to go beyond. We should be aspiring to have our own Silicon Valley. I know Bengaluru is the Silicon Valley of India. But I think it’s time we also start thinking in terms of maybe tying up with NICDC and creating a whole new township dedicated to entrepreneurs, startups, innovators, and disruptors…,” Goyal stated. The National Industrial Corridor Development Corporation (NICDC) is currently spearheading the National Industrial Corridor Development Programme, which focuses on developing smart industrial cities. This initiative includes the creation of 20 townships across India in locations such as Bihar, Gujarat, and Andhra Pradesh.
Goyal made these remarks while addressing the startup community during the launch of the Bharat Startup Knowledge Access Registry (BHASKAR) Portal in New Delhi.
“Can we create a society, or a whole 200 (or) 100 (or) 500-acre area land… see whether we can create some ecosystem… whether it’s somebody coming from a very far-off place with an idea, who does not know where and whom to connect with, can land up there (in the township), like once upon a time people used to come to Mumbai,” Goyal added.
He also encouraged young entrepreneurs to set their sights on the global stage, emphasizing the immense opportunities available for those willing to venture beyond domestic markets.
