The state's evaluation was based on key parameters including startup policy implementation, incubation infrastructure, funding mechanisms.

National Startup Day: Punjab Secures ‘Top Performer’ Rank from Centre for Second Year in a Row

Punjab Industries Minister Sanjeev Arora on Friday announced that the Central Government has recognised the state as a "top performer" for the second consecutive time in the States' Start-up Ecosystem Ranking. 

This recognition is a part of the 5th Edition of the rankings released by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.

During the National Start-up Day celebrations held at Bharat Mandapam, New Delhi, in the presence of the Prime Minister, a certificate of appreciation was presented to the Punjab Government’s Department of Industries and Commerce.

Minister Arora said that the ranking reflects Punjab's "sustained and focused efforts" toward building an inclusive and innovation-driven ecosystem. 

He added that the state's performance underscores the impact of progressive startup policies, strong institutional mechanisms, and improved access to finance and mentorship.

"This consecutive recognition by the Govt of India as a 'Top Performer' is a strong validation of Punjab's commitment to fostering entrepreneurship and innovation," Arora said. 

He noted that the state has created a supportive environment, particularly for youth and first-generation entrepreneurs.

The state's evaluation was based on key parameters including startup policy implementation, incubation infrastructure, funding mechanisms, and mentorship. 

The minister reaffirmed the government’s commitment to innovation-led economic growth, noting that the state is leveraging its strong NRI diaspora and MSME base to scale local startups globally.

Source: Times of India