Page 30 - Mann Ki Baat English

India has emerged as one of
the world's largest startup
ecosystems, with over 2 lakh
Government recognised
startups creating millions of
decreased rubber scrap and jobs and disrupting traditional
paper waste, and lower power industries with breakthrough
consumption, all contributing solutions. As startups are
directly to profitability and rapidly transitioning from idea-
sustainability. driven innovation to scalable
• AGX Steel, a Silver-certified production, ‘quality’ becomes
Micro Enterprise from Delhi the difference between
leveraged the certification sustainable growth and
to access collateral-free premature failure.
OD/CC limits of up to ₹1 This is where embedding
crore and received financial the ZED principle of ‘quality-
reimbursements for by-design’ at inception,
exhibition stalls, proving the standardizing processes
initiative’s value in providing early, building documentation
critical fiscal support and systems, establishing traceability
market exposure. mechanisms, and creating
These success stories are a culture where defects are
multiplying across India, from prevented, significantly reduces
West Bengal to Maharashtra, future risks associated with
from Assam to UP, as MSMEs scale-up failures, regulatory
discover that investing in quality non-compliance, and customer
is not a cost burden ,but a distrust.
competitive advantage. The Hon'ble Prime Minister's
India’s startup ecosystem vision is clear: Indian products
represents India’s innovation should not merely compete;
engine. Over the past decade, they should command global

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