Business / Open Network Digital Commerce (ONDC) will democratise e-commerce and help protect small businesses
Published On:
Published By:
DINESH BHATT
The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today said that Open Network for Digital Commerce (ONDC) would democratize e-commerce and will protect small businesses by granting them equal opportunity.
He was virtually addressing the fifth edition of the annual Launchpad-The Entrepreneurship Summit organized by BITS, Pilani today. Paying his tributes to Shri Nanaji Deshmukh, an illustrious alumnus of BITS Pilani, Shri Goyal said that his life and work has been an inspiration to many.
Quoting Steve Jobs, the Minister said, “Innovation distinguishes
between a leader and a follower”. Highlighting that BITS had a history of producing innovators and risk takers, he spoke of a number of BITSians who had successfully ventured into diverse fields like cinema, writing, business and even social service.
He opined that the motto of BITS, ‘knowledge is supreme power’, is more relevant than ever in today’s era of knowledge economy. Observing that BITS students had made a name for themselves in the world of innovation and entrepreneurship, the Minister pointed out that 10of India’s unicorns were founded by BITS alumni.
Shri Goyal said that laboratories, mentorship, incubators and funding are the four essential elements for a healthy startup ecosystem and added that the Centre of Incubation, Innovation and Entrepreneurship (CIIE) at BITS provided all four.
He applauded the flexible academic structure of BITS that aided innovation during the college years of the students and said that it resonated in large measure with the new education policy that the Government has introduced after extensive consultations. He asked other colleges to learn from the BITS model and mould job creators rather than job seekers.
Referring to Startups as the innovation engine for the country, Shri Goyal said today, we are the 3rd largest startup ecosystem in the world. It may be noted that in 5 years, the number of startups registered with DPIIT went up from 500 to more than 65,000 and there are more than 90 unicorns in the nation.
Reiterating that ‘an idea can change your life’, the Minister spoke of the USB innovator Mr. Ajay Bhatt from Vadodara who developed the technology with the goal of making data portable like never before.
Shri Goyal underscored that entrepreneurship is all about disruption and change. Outlining the many disruptions India has been witnessing across the board such as the way we buy goods online, access digital healthcare consultations, make payments though UPI etc, he said that things had changed fundamentally.
He asked entrepreneurs to not be afraid of failures. Failures are part of an entrepreneur’s journey, so take it ‘lite’, he said, referring to the BITS language for remaining calm. Don’t give up, persevere harder, become bolder, engage with newer ideas and thoughts, he added.
Stating that new India is filled with new energy, enthusiasm and confidence, the Minister said that it no longer seeks incremental change but thirsts for transformations. He asserted that an atmanirbhar India was now striving to engage with the world from a position of strength.
Speaking of the great leaps India was taking in areas like fintech, agritech and marketplaces, Shri Goyal said that PM Modi had given the mantra of IT + IT = IT (Info Technology + Indian Talent = India Tomorrow) for India’s future. He said that we must aspire to make IT and associated sector a trillion-dollar industry.
The Minister said that India was leading in building Digital Public Infrastructure and added that the penetration of smartphones and low cost of data has laid the foundation for disruptive innovation at scale. With digital infrastructure like IndiaStack, Healthstack, Logistics Stack, CoWIN, the next trillion-dollar companies can be created in India, he said.
Shri Goyal said that today, developed countries around the world wanted to learn about building digital public infrastructure from us. Scale and pace of digitization in Indian is something unheard of and could be the topic of PhD thesis, he added.
Listing the several steps taken by Government in its role as the as the facilitator to strengthen the startup ecosystem such as Fund of Funds for Startups, Income Tax exemption for 3 years, Seed Fund Scheme, cutting down of examination period for new trademark registrations etc, the Minister said that that the government, instead of creating impediments like in the past, was actively handholding our youngsters to think big and dream big.
Pointing out that National Startup Award winners had emerged from
smaller cities such as Kochi, Lucknow, Sonipat, the Minister said that this was evidence that the Startup ecosystem was being democratised.
He asked upcoming entrepreneurs to scale up diversity in startups, explore new businesses, promote Agri-preneurs (Agri sector entrepreneurs),Tex-prenenurs (Textiles), Edu-preneurs (Education) and innovate in emerging tech such as Metaverse, Web 3, AI, 5G and areas such as cybersecurity.
He urged them to think of ways to use these technologies, individually or converged to create new opportunities. Opining that sustainability and circular economy are the need of the hour, the Minister said that the challenge of sustainability in a way would create the next set of big business ideas in finding solutions to climate change, sustainable mobility, water management etc.
Quoting Elon Musk, Shri Goyal said that ‘It is possible for ordinary people to choose to be extraordinary”. He told the students that the future belonged to those who have the courage to pursue their dreams. Your innovations should reach not only every nook and corner of the country but across the world, he said.
He expressed confidence that the startups of today would be the leaders of tomorrow and asked young entrepreneurs to help this country attain higher levels of prosperity and meet the aspirations of a billion plus citizens who are still looking to be stakeholders in our progress and prosperity through deep innovation.
इंडिया न्यूज़, बिग ब्रेकिंग न्यूज़ इन हिंदी, hindi news paper, hindi news bihar, hindi news up, hindi news aaj tak live, hindi news ndtv, hindi news delhi, hindi news abp, hindi news mp, hindi news 18, aaj tak hindi news, ndtv hindi news, bbc hindi news, google hindi news, all hindi news, abp hindi news, aaj tak hindi news live, hindustan hindi news, bihar hindi news, zee hindi news, hindi latest news, hindi cricket news, hindi google news, hindi zee news, hindi bollywood news, hindi zee news live, hindi abp news live, Attorney, attorney at law, attorney eric nelson, attorney general, attorney general barr, attorney general child support login, attorney general meaning, attorney general of india, attorney general ohio, attorney general us, attorney general william barr, attorney meaning, attorney meaning in hindi, attorney near me, attorney synonym, attorney vs lawyer, bank loan, bankrate mortgage rates, bbc hindi news, bbc news, best buy credit card, best credit cards 2021, bharat gas, bhg loans, biden news, biden news today, bihar hindi news, bjs credit card, blockfi credit card, bp credit card login, bright health insurance, british gas, caliber home loans, caliber home loans customer service, caliber home loans login, california state bar attorney search, cam newton news, capital one credit card, capital one secured credit card, car insurance, car insurance quotes, cardano news, cash store, cbc news, cenlar mortgage, chase credit card, cheap gas station near me, chevron credit card, children place credit card, chime credit builder card, china india news, circle k, cnn news, coatco gas, columbia gas, Conference Call , continental loans, costco gas, costco gas price, covid india news, Credit Card, credit card apply, credit card apply online, credit card barclays, credit card capital one, credit card chase, credit card citibank, credit card generator, credit card hdfc, credit card icici, credit card login hdfc, credit card payment hdfc, credit card sbi, Credit Limit, cure auto insurance, current mortgage rates, damian williams us attorney, david wohl attorney, defence india news, Degree, denver broncos news, detroit lions news, dhi mortgage, discount tire credit card, discover credit card, discover home loans login, discover student loans, district attorney, divorce attorney near me, doj attorney vacancies, Donate , durable power of attorney, ebay credit card login, elastic loans, electricity bill, electricity bill calculator, electricity bill check, electricity bill pay, electricity bill payment, electricity bill payment offers, electricity bill payment online, electricity board, electricity complaint number, electricity definition, electricity history, electricity invented, electricity outage, electricity pdf, electricity power, electricity rates near me, electricity song, elizabethtown gas, enduring power of attorney, eric nelson attorney, erika jayne news, estate attorney near me, estate planning attorney, estate planning attorney near me, eth gas, eth gas fees, examples of loans, fantasy football news, farmers insurance, farmers insurance agent login, features of insurance, fellowship home loans, fiesta insurance, firstmark student loans, flagged ppp loans, flood insurance, fox news, fred loya insurance, free credit card, freedom life insurance, freedom mortgage, freedom mortgage customer service, gas * price + value, gas can spout, gas company, gas fireplace installation, gas furnace installation, gas grills on sale near me, gas in the gastrointestinal tract is, gas india, gas jeans india, gas leak smell, gas mask, gas near me, gas particles, gas price, gas prices, gas rc cars for sale, gas shoes, gas shortage, gas shortage nc, gas station, gas station near me, gas stove, gaslighting, gateway mortgage, geico insurance phone number, germania insurance, germania insurance amphitheater, goodyear credit card, goodyear credit card login, google hindi news, google india news, google news, great lakes loans, halifax mortgage, hdfc credit card, hdfc credit card login, health insurance, helzberg credit card, hindi abp news live, hindi bollywood news, hindi cricket news, hindi google news, hindi latest news, hindi news 18, hindi news aaj tak live, hindi news abp, hindi news bihar, hindi news delhi, hindi news mp, hindi news ndtv, hindi news paper, hindi news up, hindi zee news, hindi zee news live, hindustan hindi news, home depot credit card, home improvement loans, home insurance near me, home owners insurance, home owners insurance near me, homedepot credit card, horace mann insurance, how to get pre approved for a mortgage, how to pronounce attorney, hucks gas station, huntington bank, ideal gas law, indane gas booking, india china border news, india china latest news, india china news, india covid news, india news bollywood, india news china, india news covid, india news google, india news hindi, india news in hindi, india news kundra, india news latest, india news live, india news live tv, india news online, india news pakistan, india news today, india news today live, india news tv, india tv live news, india tv news, indian defence news, indian news, indiana news, indianapolis news, installment loans near me, insurance bike, insurance car, insurance car compare, insurance geico, insurance health, insurance life, insurance progressive, insurance quotes, insurance quotes car, insurance travel, insurance types, investment property loans, john pierce attorney, kabul airport news, kabul news, kay jewelers credit card, Keyword, kohls credit card, kylie jenner pregnant e news, landlord tenant attorney, latest china india news, latest news today, Lawyer , life insurance, life insurance companies in my area, lighthouse insurance, lightstream loans, loancare mortgage, Loans, loans at home, loans for bad credit, loans for home improvement, loans for people with bad credit, loans for small business, loans near me, loans online, loans online same day deposit, loans payday, loans pdf, loans personal, loans tesco, loans with no credit check, malpractice attorney near me, marcus loans, medical malpractice attorney near me, medical power of attorney form, mercury credit card, Mortgage, mortgage affordability calculator, mortgage calculator, mortgage calculator td, mortgage calculator uk, mortgage calculators, mortgage companies near me, mortgage company, mortgage interest rates, mortgage interest rates today, mortgage loan meaning in tamil, mortgage meaning in hindi, mortgage natwest, mortgage rates, mortgage rates chase, mortgage rates wells fargo, mortgage refinance rates, mortgage repayment calculator, motorcycle accident attorney, msn news, mumbai news, mylicon gas drops, national grid gas, nationwide insurance, natural gas, natural gas generator, natwest mortgage, ndtv hindi news, nearest gas station, new mexico gas company, new orleans news, news 12 long island, news aaj tak, news abc, news bbc, news bihar, news google, news in hindi, news india, news live, news of the world, news today, news trump, news uk, nicor gas, nursing home abuse attorney, ohio attorney general, old navy credit card, one india news tamil, online electricity bill payment, online loan, only fans news, onlyfans news, open sky credit card, opploans, otto insurance, pakistan india news, pakistan news, patriots news, pay electricity bill online, payday loans, personal loan, personal loan eligibility, personal loans, personal loans near me, pet insurance, phh mortgage, plaza home mortgage, plural of attorney, power of attorney, power of attorney form, power of attorney form new york, primary residential mortgage, private placement life insurance, progressive insurance, prudential life insurance, pubg mobile india news, quick loans for bad credit, quicken loans, qvc credit card login, r kelly news, rbl credit card, real estate attorney, recast mortgage, revvi credit card, rocket mortgage, rocket mortgage fieldhouse, rocket mortgage login, rocket mortgage sign in, rsvp loans, rv insurance quote, san jose gas leak, sba disaster loans, sbi credit card, sbi credit card login, sbi loan, sbi loan scheme, sbi personal loan, seahawks news, shellpoint mortgage login, short term loans for bad credit, sky news, small business loans, south carolina attorney shot, south dakota attorney general, southwest gas, sps mortgage, state attorney office, state bar of california attorney search, static electricity, stomach gas, student loans, sumanasa hindi news, taliban news, telangana electricity bill payment, tesco loans, texas attorney general, times of india news, tjx credit card login, today, total visa credit card, travel insurance, truck accident attorney, trump news, types of electricity, types of loans, types of mortgage, u s mortgage meaning, u.s. mortgage meaning, united india insurance policy download, up electricity bill, us bank credit card login, uwm mortgage login, va mortgage rates today justfunded, valero gas station near me, ventless gas fireplace, verve credit card login, victoria secret credit card, washington football team news, washington gas, washington gas login, wells fargo mortgage, wells fargo mortgage customer service, wells fargo mortgage rates, what is comprehensive insurance, what is electricity in physics, what is electricity in science, what is gap insurance, what is insurance policy, what is mortgage process, who discovered electricity, who invented electricity, world news today, wrongful death attorney, yahoo news, zales credit card, zee hindi news, zee hindi news live, zee news hindi