India, Oct. 22 -- With the ecosystem of payments, startup policy, startup incubation and technology enablement already in place, Indian is poised to become a big hub for software products, said Ravi Shankar Prasad, union minister for electronics, IT, and communications (MeitY).
Speaking at the MeitY Startup Summit 2019, Prasad also acknowledged that so far India has done well in the area of software services, with many tech startup unicorns. "However, the global number of unicorns is 400 plus and so there is room for greater mentorship and encouragement," he added, according to an ET report.
MeitY also launched government initiatives such as the MeitY Startup Hub, the second phase of Bharat Interface for Mobile (BHIM) scheme, Indian Soft...