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India could see about 11,500 startups being established by 2020; Experts

As the Narendra Modi government focuses on helping the startups in the country grow, India could see about 11,500 startups being established by 2020, say industry trackers. Not just that more about Rs 15,600 crore or $ 2.25 bn could be invested in.

Raghunandan Rajamani, Executive Director, Indian Steps & Business Incubators Association said, “India needs several folds increase in mechanism such as incubation & acceleration that can assimilate entrepreneurs to make them globally successful.”

With a view to focus on some specific areas of growth opportunities and challenges being faced in and by the incubation ecosystem, Incubation India 2015, a conference on business labs comprising the Investor, Incubator startups ecosystem was organized in New Delhi on Wednesday.

Many industry trackers participated in the conference to discuss the initiatives taken to promote the concept of technology and business incubation in India.

Kapil Malhotra, founder marketing director, total solutions group said “A part of the Total Solutions Group Have been investing in startups over the past decade ranging from telecom, FMCG, IT, skill development amongst others.”