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Gujarat best in providing ecosystem for startups
Why is it in the news?
- Gujarat has emerged as the best performer in developing startup ecosystem for emerging entrepreneurs, as per the ranking of states conducted by Department of Industrial Policy and Promotion (DIPP).
Introduction
- In the ranking process, states have been identified as leaders across categories — startup policy, incubation hubs, seeding innovation, scaling innovation, regulatory change champions, procurement leaders, and communication champions.
- On the basis of these categories, they have been recognised as best performer, top performers, leaders, aspiring leaders, emerging states and beginners.
- While Gujarat was the best performer — Karantaka, Kerala, Odisha and Rajasthan — were there in top-performers category.
- Andhra Pradesh, Bihar, Chhattisgarh, Madhya Pradesh, and Telangana were ranked as leaders.
- Haryana, Himachal Pradesh, Jharkhand, Uttar Pradesh, and West Bengal were ranked as aspiring leaders.
- The beginners category states include Chandigarh, Manipur, Mizoram, Nagaland, Puducherry, Sikkim, and Tripura.
- According to DIPP secretary, this exercise will help all the states to improve the ecosystem for promoting startups.
Source
Indian Express.