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New ventures

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Central government is trying to start new and modern business ventures in Jammu and Kashmir with the help of youth.

Recently a three day Kashmir start up for livelihood was organized in Srinagar. In this event, the Union Minister highlighted major sectors like agriculture, biomedical engineering, telemedicine and so on that can be the prime focus areas for startups in Jammu and Kashmir (J&K) and said that the area is fast evolving. He added that it is pertinent to inspire entrepreneurial brains by making the youth aware of the government support available to them based on their talent so that they can generate their own earning opportunities and become job creators. Bamboo grown in the state can be converted to several useful products including incense sticks (agarbatti), while the shelf life of fruits like apples and strawberries can be increased with innovative technologies.

The inauguration of the three-day event, which is the first-ever startup expo organised in Kashmir valley, was attended by a large number of Vice Chancellors, educators, entrepreneurs, government officials, scientists, and other stakeholders and can go a long way to encourage youth towards a vibrant startup culture in the Union Territory (UT).

Since the launch of the Startup India initiative by the Prime Minister on 16th January 2016, the Indian ecosystem has grown to become the 3rd largest in the world. The 30 States and UTs with their own dedicated startup policies can go a long way to take the country to new heights.

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