Ease of doing business helped create more startups said Piyush Goyal

Union Minister Piyush Goyal. Photo: ANI

"Simplification, facilitation and ease of doing business has helped India create more startups", Commerce and Industry Minister Piyush Goyal said on Sunday.

For promoting more startups, the government is set to create future global leaders in India and wants to become the business hub or innovation centre of the world, Piyush Goyal has said during an interaction with the industry representatives in Bengaluru city of India.

"India has been able to create the third largest startup ecosystem in the world since its launch. This has been possible by the government's focus on reforms like simplification, facilitation and ease of doing business," Piyush Goyal said.

He specifically called upon the industries to be self-sufficient in the area of semiconductors industry. Piyush Goyal also suggested the participants to formulate a draft road map for the development of startups.