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Govt seeks to turn startup focus to manufacturing
Financial Express Kochi
|January 11, 2025
CAPITAL CONCERN
THE DEPARTMENT FOR promotion of industry and internal trade (DPIIT) on Friday held a meeting with 75 alternate investment funds (AIF) that are fed by the government's Fund of Funds Scheme (FFS) to discuss capital mobilisation efforts for startups, as the government seeks to have a thriving startup ecosystem in every district of the country by 2025 and turn their focus to manufacturing.
Startups have exploded since 2016 when the Startup India initiative was launched. From 400 in 2016, their number has gone up to 158,803. The government now wants to support them to focus on manufacturing.
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