India has emerged as a global innovation powerhouse: P K Mishra, PM’s Principal Secy

Mishra opined that over 100 unicorns and more than two lakh startups make India the third-largest startup ecosystem in the world.

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PK Mishra
PK Mishra, Principal Secretary to PM

A renowned former bureaucrat and currently the principal secretary to Prime Minister Narendra Modi, P K Mishra, described India as a global innovation powerhouse with over 100 unicorns and more than two lakh startups, making it the third-largest startup ecosystem in the world.

Mishra said this while addressing the Centenary Foundation Week of the Indian Institute of Technology (Indian School of Mines), Dhanbad, on Dec 3.

He called on IIT Dhanbad to drive Prime Minister Narendra Modi’s vision of a developed India, or Viksit Bharat, by 2047 by underscoring its pivotal role in India’s journey towards becoming a developed nation. It was the occasion of the celebrations of the institute’s 100-year legacy.

Mishra urged the institute to reflect on its role, as the goal of India is to achieve the status of a developed country while balancing nature and culture and leading globally in science and technology. He emphasized that India will be atmanirbhar (self-dependent) across all sectors, women will lead the development story, the economy will be inclusive and innovative, and corruption, casteism, and communalism will have no place in national life.

Mishra elaborated on the immense contributions of the institution to mining, energy, earth sciences, and applied engineering. While describing IIT Dhanbad as a pioneer in mining education in Asia, Mishra said it has consistently provided expertise to national institutions such as Coal India, ONGC, GSI, CMPDI, and NTPC. Its research outcomes have shaped national standards in mine safety, coal exploration, oil and gas, and mineral beneficiation, Mishra added.