StartUp20 in Gangtok to deliberate on ways to strengthen global Start Up ecosystem, of which India has emerged as the third most powerful nation.
The vibrant organic farming of Sikkim will be prominently showcased to the world through the third B20 Conferences being organized in Gangtok, Sikkim from tomorrow till 17th March 2023. It will also highlight opportunities for Multilateral Business Partnerships in Tourism, Hospitality & Pharmaceuticals. Department for Promotion of Industry and Internal Trade (DPIIT) is organizing four B20 Conferences in the North Eastern region to showcase the untapped potential and opportunities within the region out of which two have already been held earlier in Imphal and Aizawl and the third and fourth are to be held in Gangtok & Kohima respectively.
Senior Advisor, DPIIT, M/o Commerce & Industry, Ms. Rupa Dutta gave a detailed presentation on Business 20 and its working at a press briefing today. She stated the key deliverables of B20 like action plan for reskilling and up-skilling of the workforce to operate in a technological world, promoting investment in green energy across countries and improving climate finance options and non-financial disclosures, development of an inclusive ecosystem for innovation and R&D, promoting higher private sector participation to build regional value chains and industrialization of Africa, etc. The schedule of important B20 events with special focus on the upcoming B20 conference in Gangtok, Sikkim was also presented. The hosting of B20 Conference in Sikkim is significant to showcase the vibrant Organic Farming of the state to the world. In addition to this, the B20 event at Gangtok will highlight the.
Dr. Chintan Vaishnav, Startup20 India Chair & Mission Director Atal Innovation Mission, NITI Aayog gave a presentation on the Startup20 which is the new official engagement group under the Indian presidency 2023. He stated that StartUp20 in Gangtok will deliberate on ways to strengthen the global Start Up ecosystem, of which India has emerged as the third most powerful nation. He explained how it is envisioned to act as the voice of the global startup ecosystem bringing together varied stakeholders on a common platform. He said that startups originate in niche settings, they thrive in crisis situations and they see global challenges & disruptions as opportunities. Ms. Rupa Dutta added that startups have created a generation of job creators & not job seekers in India.
G20 has two Tracks- Sherpa Track and Finance Track. Sherpa Track has 13 Working Groups and 11 Engagement Groups. DPIIT is the nodal Ministry for two engagement groups viz., Startup 20 and Business 20 (B20). Engagement Groups comprise non-government participants from each G20 member who provide recommendations to the G20 Leaders and contribute towards the policy-making process.
The Business 20 was formed in 2010 and is the official G20 dialogue forum with the global business community. B20 aims to deliver concrete actionable policy recommendations on the priorities of each rotating presidency to spur economic growth and development. The B20 has scheduled a total of 100 meetings with the number of in-person meetings being 65 and the number of Hybrid Meetings being 35.
The Startup 20 has been established under India’s G20 Presidency. It aims to act as a dialogue forum with the global startup ecosystem stakeholders and intends to represent the global startup ecosystem to raise the macroeconomic concerns and challenges faced by entrepreneurs with G20 leaders. The Start-Up 20 engagement group has a total number of 60 meetings planned, out of which 5 are in-person meetings. The forthcoming event is Startup 20 Gangtok, Sikkim on 18-19 March 2023.
The B20 Summit is scheduled to be held in New Delhi from 26th -27th August 2023 and the Startup 20 Summit is scheduled to take place in Gurugram from 2nd -4th July 2023.
Source : https://www.pib.gov.in/PressReleasePage.aspx?PRID=1906863
