Khordha (Odisha) [India], January 11 (ANI): Union Minister Dharmendra Pradhan emphasized on Sunday that it is Prime Minister Narendra Modi's vision to make India a developed nation by 2047. He said that India's startup ecosystem is reaching new heights.

Union Minister was speaking to ANI after launching the transformative 100-Cube Start-Up initiative of IIT Bhubaneswar's Research and Entrepreneurship Park. This initiative aims to create 100 start-ups, each with a valuation of Rs 100 crore by the 100th Anniversary of Odisha in 2036.

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"It is PM Modi's vision to make India a developed nation by 2047. To fulfil this vision, the new generation will have to become job creators. India's startup ecosystem is reaching new heights. In 2014, the number of start-ups was 350, whereas today it has reached 1 lakh 20 thousand," Pradhan said.

He further stated that in Odisha, IIT Bhubaneswar was playing an important role in boosting the start-up initiative.

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"IIT Bhubaneswar has laid the foundation stone for a research and entrepreneurship park. A federal network has been created between incubation centres (both government and private) to galvanize the talent pool and create a mass movement," he added. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)