Need to infuse technology, innovation in rural sector to produce better quality of life: LG Sinha
Srinagar, Nov 12 (FN Agency) Jammu and Kashmir Lieutenant Governor Manoj Sinha on Friday said that there is a need to infuse technology and innovation in the rural sector which will produce better quality of life. Addressing the “Kashmir Expo-Start UP for Livelihood” at Srinagar the Lt Governor said that there is a greater need to infuse technology and innovation in the rural sector which will produce better quality of life and enhance socio-economic development, an official statement said. Union Minister of State for Prime Minister’s Office Dr. Jitendra Singh had inaugurated the three-day “Kashmir Expo Start-ups for Livelihood” event on November 9 at SKCC in Srinagar. Speaking on the occasion, the Lt Governor said that there is a greater need to infuse technology and innovation in the rural sector which will produce better quality of life and enhance socio-economic development, an official statement said.
Emphasizing that innovation is about people rather than ideas, the Lt Governor underscored that in order to transform an idea into a commercial product, we need to provide the right environment and opportunity to innovators and Startups entrepreneurs. Asserting that the Government is committed to support Startups and help them grow, the Lt Governor said we want to assure aspiring entrepreneurs that all necessary assistance will be provided to make their business dreams a reality. Incubation centres in J&K’s educational institutions are playing an important role in building and nurturing ideas for Startups, he added. Under the guidance of Prime Minister Narendra Modi, the ecosystem of innovation, start-ups has been strengthened. In just 8 years, India has established 75,000 startups with 50% of them established in Tier 2 & Tier 3 cities providing direct employment to 4 lakh youth, the Lt Governor said.
“We are third in startup ecosystems globally. In the last 2 years, 107 unicorns worth more than $340 billion have been established in the country. Today one out of 10 new unicorns in the world is being established in India”, he added. Noting that Youth has always been an integral part of evolving technology, the Lt Governor observed that the potential ideas and new Startups will contribute not only to economic growth and productive diversification, but also to sustainable and inclusive development. In this Amrit Kaal Khand, it is the collective responsibility of all of us to fully support the enterprise and determination of our youth, our entrepreneurs in the making of a self-reliant Jammu and Kashmir, he added. The Lt Governor complimented the Department of Science and Technology for organizing the three-day “Kashmir Expo – Start up for Livelihood” and congratulated all stakeholders associated with this event. The Lt Governor appreciated two innovative products- Saffron Sowing Machine and Seed Sowing Machine from NIT Srinagar and stressed on the necessity of having excellent coordination between the industry, academia and society for the success of both the products.