wow888 login app NEW YORK , Dec. 13, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global seafood market size is estimated to grow by USD 150.04 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 13.55% during the forecast period. Rising consumer awareness about healthy nutrition is driving market growth, with a trend towards growth of online retailing in seafood industry. However, depletion of sea species poses a challenge. Key market players include Aker BioMarine ASA, Austevoll Seafood ASA, Clifton Sea Food Co., Cooke Aquaculture Inc., Djibah Seafood SARL, Grayton Seafood Co. LLC, Kangamiut Seafood AS, Kings Seafood Group, Lee Fish , Lee Fishing Company, Marel Group, Mida Food Distributors Inc., Motor City Seafood Co., Mowi ASA, Nueva Pescanova SL, Pacific Seafood Group, Phillips Foods Inc., Seattle Fish Co., The Deep Seafood Co., and Trident Seafoods Corp.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The seafood industry is a significant source of protein for consumers worldwide. With increasing awareness of health benefits, per capita consumption of seafood continues to rise. Price remains a key factor, with fresh and frozen options available for various budgets. Tourism and hospitality sectors heavily rely on seafood for culinary experimentation and value-added fish products. 3D printing technology and product innovation are trends shaping the industry, offering personalized textures, flavors, and appearances. Alternative protein sources and seafood substitutes are gaining popularity due to ethical concerns and environmental impact. Lean fish like cod, salmon, tuna, tilapia, and crustaceans like shrimps, lobster, and crab, are popular choices. Certifications from organizations like the Aquaculture Stewardship Council and Marine Stewardship Council ensure sustainability and traceability. Brexit and the EU transition period may impact seafood imports and exports. Health advantages of seafood, including omega-3 fatty acids, vitamins, and minerals, make it a crucial component of a balanced diet. Administrative authorities and seafood farmers work towards addressing environmental issues and ethical concerns, such as the use of anabolic steroids and toxic chemicals. Consumers prefer lean, sustainable, and ethically sourced seafood, driving demand for certified products. Seafood cuisines and restaurants offer diverse culinary applications, with pork-based foods facing competition. The global growth of e-commerce has been driven by the widespread availability of the Internet and the convenience it offers. In 2020, e-commerce sales in the US accounted for 21.3% of total retail sales, up from 15.8% in 2019. This trend is fueled by the ease of shopping, product discovery, and attractive pricing and personalized offers. For seafood suppliers, online retailing presents new opportunities to expand sales, reach broader markets, and enhance customer relationships and profitability. Manufacturers and distributors can increase their product visibility across regions by establishing an online presence. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The seafood industry faces several challenges in providing high-quality, sustainable, and affordable protein sources for consumers. Price volatility, driven by factors like tourism and hospitality trends, impacts the industry. Innovation through 3D printing technology and culinary experimentation offers solutions. Product personalization, focusing on texture, flavor, and appearance, is a growing trend. Alternative protein sources and seafood substitutes, like plant-based options, address ethical concerns and environmental impact. Lean fish like cod, salmon, tuna, tilapia, shrimps, lobster, and crab offer health advantages with omega-3 fatty acids, vitamins, and minerals. Sustainability through aquaculture techniques, certifications, and traceability initiatives is crucial. Brexit and the EU transition period impact seafood imports and exports. Organized retailers and food businesses cater to diverse diets, including pescetarian foods and vegetarian alternatives. Ensuring a balanced diet, seafood cuisines, and restaurants continue to innovate, while addressing concerns over anabolic steroids and toxic chemicals in fish. Administrative authorities and seafood farmers work together to address environmental issues and fishing activity. Per capita consumption remains high, with convenience seafood items gaining popularity. Pork-based foods face competition as heart benefits of fish are increasingly recognized. The depletion of fish stocks due to overfishing is a significant concern for both the ocean ecosystem and the livelihoods of millions of people. Overfishing occurs when the number of fish taken exceeds their ability to reproduce, leading to a decrease in the exploitable portion of the stock. This not only hinders the stock's maximal productive capability but also negatively impacts the ocean ecosystem. Furthermore, overfishing affects the social and economic well-being of coastal communities who depend on seafood as their primary source of protein and income. With billions of people relying on fishing for their livelihoods, it is crucial to address this issue and ensure sustainable fishing practices to maintain a healthy and productive ocean ecosystem. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This seafood market report extensively covers market segmentation by 1.1 Fish 1.2 Crustacean 1.3 Mollusca 1.4 Others 2.1 Offline 2.2 Online 3.1 APAC 3.2 North America 3.3 South America 3.4 Europe 3.5 Middle East and Africa 1.1 Fish- The global seafood market experienced significant growth in 2023, with the fish segment leading the way. The expanding preference for fish as a high-protein alternative to meat is a key factor fueling this growth. The number of meat eaters is on the rise, and consumers are increasingly aware of the health benefits of fish, which includes omega-3 fatty acids and vitamins like D and B2 (riboflavin). The American Heart Association recommends incorporating fish into one's diet at least twice a week. Consequently, fish is the most preferred type of seafood, driving the growth of the fish segment and the global seafood market as a whole. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The seafood industry is a significant source of protein for consumers worldwide, providing a wide range of flavors, textures, and appearances. Seafood is a staple in tourism and hospitality industries, enhancing culinary experimentation and product innovation. The price of seafood can vary greatly depending on the species, availability, and location. 3D printing technology is being explored to create seafood substitutes, offering alternative protein sources for ethical and environmental concerns. Lean fish like cod, salmon, and tuna are rich in omega-3 fatty acids, vitamins, minerals, and offer health advantages for a balanced diet. Sustainability is a priority in the seafood industry, with organizations like the Aquaculture Stewardship Council and Marine Stewardship Council promoting sustainable aquaculture techniques. Shrimps and other seafood items have numerous culinary applications, and value-added fish products cater to personalized preferences. The industry continues to innovate, addressing concerns of ethical sourcing, environmental impact, and consumer demand for new and exciting flavors. Market Research Overview The seafood industry is a significant source of protein for consumers around the world. With the growing awareness of health benefits associated with a balanced diet, the demand for seafood continues to rise. Seafood offers unique textures, flavors, and appearances that make it a popular choice for culinary experimentation and product innovation. However, the industry faces challenges such as price volatility, ethical concerns, and environmental impact. The use of 3D printing technology and alternative protein sources like plant-based seafood substitutes is gaining popularity to address these challenges. Sustainability is a key focus area, with certifications from organizations like the Aquaculture Stewardship Council and Marine Stewardship Council ensuring responsible farming practices. Seafood is a staple in tourism and hospitality industries, with shrimps, salmon, tuna, cod, tilapia, lobster, and crab being popular choices. Fresh and frozen seafood items are available, catering to different consumer preferences and convenience. Brexit and the transition period of the European Union (EU) have impacted the seafood industry, with administrative authorities and organized retail operators implementing traceability initiatives to maintain transparency. Seafood cuisines and restaurants offer a wide range of dishes, from traditional pescetarian foods to vegetarian diet options. However, concerns over anabolic steroids and toxic chemicals in seafood production persist, highlighting the need for stricter regulations. Lean fish like cod and salmon are rich in omega-3 fatty acids, vitamins, and minerals, making them a healthy addition to a balanced diet. Fatty fish like tuna are also known for their heart benefits, particularly DHA, which is essential for brain health. Aquaculture techniques have evolved to ensure sustainable farming practices, with a focus on reducing the environmental impact of fishing activity. Per capita consumption of seafood varies globally, with some countries consuming more than others. In conclusion, the seafood industry offers a rich source of protein and unique culinary experiences. However, it faces challenges related to price, ethics, and sustainability. Innovations in technology, product development, and farming practices are essential to meet the evolving demands of consumers while minimizing the impact on the environment. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Type Fish Crustacean Mollusca Others Distribution Channel Offline Online Geography APAC North America South America Europe Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioNoneBuying a house in 2025: your how-to guide

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Editor's note: Liu Chunsheng, a special commentator on current affairs for CGTN, is an associate professor at the Beijing-based Central University of Finance and Economics. The article reflects the author's opinion and not necessarily the views of CGTN. An important item discussed by the 13th session of the Standing Committee of the 14th National People's Congress held in Beijing from December 21 to 25 was the draft of a private sector promotion law. Some are also calling it the "Private Economy Promotion Law." This reflects the Chinese government's keen attention to the development of the private economy and marks a new stage in its development. The private economy is an important part of China's market economy and a significant force driving economic and social development. By the end of September 2024, there were over 55 million registered private enterprises nationwide and 125 million individual businesses. This data demonstrates the vitality of the private economy and its irreplaceable role in the national economy. The importance of the private economy is reflected in multiple aspects. It is a significant engine of economic growth. Under the innovation-driven development strategy, private enterprises, with their keen market sense and flexible institutional advantages, have become the main force in technological innovation and industrial upgrading. The private economy is also the primary channel for employment. A large number of private enterprises absorb a substantial amount of labor force, alleviating employment pressure. It is an important source of tax revenue. Private enterprises contribute a considerable portion of the national tax revenue, providing strong support for the country's fiscal balance and public services. Particularly, it has demonstrated unique flexibility and resilience in responding to challenges. Whether in communications facilities, the Internet, and the digital economy, or electric vehicles and household appliances, they have become an important driver of the development of China's advanced productive forces. Given the important position and contributions of the private economy, China attaches great importance to its healthy and sustainable development. The Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC) in July proposed formulating a private economy promotion law, which was not only an affirmation of the status of the private economy but also provided legal protection for its future development. The recent Central Economic Work Conference also emphasized introducing a private economy promotion law, further demonstrating China's determination and strategic considerations. Since the reform and opening up, the private economy has seen remarkable achievements. A private economy promotion law will establish policies and practices for the sector since the reform and opening up, especially since the 18th National Congress of the CPC in 2012, as legal systems. This will help consolidate reform achievements, address concerns, and boost confidence in the development of the private economy. The daft provides provisions in terms of ensuring private businesses' fair participation and competition in the market, improving the investment and financing environment for these businesses, supporting their technological innovations, optimizing services and strengthening the protection of their rights and interests. For example, in terms of fair competition, the draft stipulates that various economic organizations can enter the fields outside the negative list for market access equally according to the law and regulations on implementing the fair competition review system. In terms of investment and financing, the draft reduces institutional transaction costs, and optimizes the investment and financing environment for the private economy. These measures will help break market barriers, optimize the business environment, and stimulate market vitality. These measures will protect the legitimate rights and interests of private enterprises, enhancing their confidence and sense of security. Besides encouraging and supporting the development of the private economy, the draft also emphasizes regulation and guidance. It stipulates that the production and business activities of private economic organizations will comply with laws and regulations and not hinder market and financial order, or seek profits through bribery and fraud. They should not damage the ecological environment, and impair the legitimate rights and interests of workers and social and public interests. At the same time, the draft encourages private enterprises to participate in national scientific and technological research projects and supports capable organizations to take the lead in undertaking major technological research tasks. This will help integrate the private economy into national strategies, promote the entrepreneurial spirit, and improve its overall quality and development level. As of the end of 2023, statistics show that the number of valid invention patents held by national high-tech enterprises and technology-based small and medium-sized enterprises reached 2.134 million, accounting for nearly three-quarters of the total held by domestic enterprises, indicating a continuous improvement in the innovation level of private enterprises. The draft of the Private Economy Promotion Law also proposes supporting the open sharing of public research and development platforms and common technology platforms to provide equal services for technological innovation by private enterprises and promote in-depth industry-academia-research integration. These measures will help private enterprises better participate in national scientific and technological research projects and achieve high-quality development. The rule of law is a basic way of governing a country and an important guarantee for the healthy development of the market economy. Taking measures to promote the development of the private economy according to legal norms will help build a legal environment and social atmosphere conducive to the common development of various ownership economies. (If you want to contribute and have specific expertise, please contact us at opinions@cgtn.com. Follow @thouse_opinions on Twitter to discover the latest commentaries in the CGTN Opinion Section.)

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JEDDAH, Saudi Arabia (AP) — “My Driver and I” was supposed to be made in 2016, but was scuttled amid Saudi Arabia's decades-long cinema ban. Eight years later, the landscape for film in the kingdom looks much different — and the star of “My Driver and I” now has an award. Read this article for free: Already have an account? To continue reading, please subscribe: * JEDDAH, Saudi Arabia (AP) — “My Driver and I” was supposed to be made in 2016, but was scuttled amid Saudi Arabia's decades-long cinema ban. Eight years later, the landscape for film in the kingdom looks much different — and the star of “My Driver and I” now has an award. Read unlimited articles for free today: Already have an account? JEDDAH, Saudi Arabia (AP) — “My Driver and I” was supposed to be made in 2016, but was scuttled amid Saudi Arabia’s decades-long cinema ban. Eight years later, the landscape for film in the kingdom looks much different — and the star of “My Driver and I” now has an award. Roula Dakheelallah was named the winner of the Chopard Emerging Saudi Talent award at the Red Sea International Film Festival on Thursday. The award — and the glitzy festival itself — is a sign of Saudi Arabia’s commitment to shaping a new film industry. “My heart is attached to cinema and art; I have always dreamed of a moment like this,” Dakheelallah, who still works a 9-5 job, told The Associated Press before the awards ceremony. “I used to work in voluntary films and help my friends in the field, but this is my first big role in a film.” The reopening of cinemas in 2018 marked a cultural turning point for Saudi Arabia, an absolute monarchy that had instituted the ban 35 years before, under the influence of ultraconservative religious authorities. It has since invested heavily in a native film industry by building theaters and launching programs to support local filmmakers through grants and training. The Red Sea International Film Festival was launched just a year later, part of an attempt to expand Saudi influence into films, gaming, sports and other cultural fields. Activists have decried the investments as whitewashing the kingdom’s human rights record as it tightly controls speech and remains one of the world’s top executioners. With FIFA awarding the 2034 World Cup to Saudi Arabia this week, Lina al-Hathloul, a Saudi activist with the London-based rights group ALQST, said Crown Prince Mohammad bin Salman “has really managed to create this bubble where people only see entertainment and they don’t see the reality on the ground.” These efforts are part of Vision 2030, an ambitious reform plan unveiled in 2016 to ease the economy’s dependence on oil. As part of it, Saudi Arabia plans to construct 350 cinemas with over 2,500 movie screens — by this past April, across 22 cities, it already had 66 cinemas showing movies from the local film industry, as well as Hollywood and Bollywood. (The Red Sea International Film Festival attracts a host of talent from the latter industries, with Viola Davis and Priyanka Chopra Jonas also picking up awards Thursday.) The country’s General Entertainment Authority last month opened Al Hisn Studios on the outskirts of Riyadh. As one of the largest such production hubs in the Middle East, it not only includes several film studios but also a production village with workshops for carpentry, blacksmithing and fashion tailoring. “These facilities, when they exist, will stimulate filmmakers,” said Saudi actor Mohammed Elshehri. “Today, no writer or director has an excuse to imagine and say, ‘I cannot implement my imagination.’” The facilities are one part of the equation — the content itself is another. One of the major players in transforming Saudi filmmaking has been Telfaz11, a media company founded in 2011 that began as a YouTube channel and quickly became a trailblazer. Producing high-quality digital content such as short films, comedy sketches and series, Telfaz11 offered fresh perspectives on Saudi and regional issues. In 2020, Telfaz11 signed a partnership with Netflix to produce original content for the streaming giant. The result has been movies that demonstrate an evolution on the storytelling level, tackling topics that were once off-limits and sensitive to the public like secret nightlife in “Mandoob” (“Night Courier”) and changing social norms in “Naga.” “I think we tell our stories in a very simple way, and that’s what reaches the world,” Elshehri says of the changing shift. “When you tell your story in a natural way without any affectation, it will reach every person.” But the films were not without their critics, drawing mixed reaction. Social media discoursed ranged from pleasure that Saudi film were tackling such topics to anger over how the films reflected conservative society. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. As Hana Al-Omair, a Saudi writer and director, points out, there are still many stories left untold. “We certainly have a long time ahead of us before we can tell the Saudi narrative as it should be,” she said, acknowledging that there are still barriers and rampant censorship. “The Goat Life,” a Malayalam-language movie about an Indian man forced to work without pay in Saudi Arabia, is not available on Netflix’s platform in the country. Movies that explore political topics or LGBTQ+ stories are essentially out of the question. Even “My Driver and I,” featured at the Red Sea festival alongside 11 other Saudi feature-length films, was initially too controversial. It centers on a Sudanese man in Jeddah, living away from his own daughter, who feels responsible for the girl he drives as her parents are absent. It was initially blocked from being made because of the relationship between the girl and the driver, filmmaker Ahd Kamel has said, even though it’s not a romantic relationship. Now in 2024, the film is a success story — a symbol of the Saudi film industry’s evolution as well as the growing role of women like Kamel behind the camera and Dakheelallah in front of it. “I see the change in Saudi cinema, a very beautiful change and it is moving at a wonderful speed. In my opinion, we do not need to rush,” Dakheelallah said. “We need to guide the truth of the artistic movement that is happening in Saudi Arabia.” Advertisement Advertisement

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HONOLULU (AP) — KyeRon Lindsay and Terence Harcum each scored 16 points as Murray State beat Loyola Chicago 71-68 on Wednesday for seventh place at the Diamond Head Classic. Lindsay also had five rebounds and four steals for the Racers (7-6). Harcum went 5 of 10 from the floor, including 2 for 6 from 3-point range, and 4 for 6 from the line. AJ Ferguson shot 4 of 8 from the field and 2 for 4 from the line to finish with 11 points. The Ramblers (9-4) were led by Miles Rubin, who posted 16 points and three blocks. Des Watson added 12 points and Sheldon Edwards had 10 points. Lindsay scored eight points in the first half and Murray State went into halftime trailing 36-34. Harcum led the way with 10 second-half points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .A stroke changed a teacher’s life. How a new electrical device is helping her moveBankwell financial director Eric Dale acquires $11,153 in stock

By Dr. Gyan Pathak India’s only decent job creation flagship programme announced in the Union Budget 2024-25 has gone out of track. Though supposed to be launched on August 1, it is now likely to be launched in January 2025, since details of the programmes are not yet ready. One of the reasons for the inordinate delay is, the Union Ministry of Labour and Employment has told the Department related Parliamentary Committee, was pendency of Union Cabinet’s approval. Now, the Union Ministry of Labour and Employment is unable to properly implement this programme in the current financial year, and hence it has requested the Union Ministry of Finance to cut its allocation by almost a third. “We have a limited amount of time this year. Therefore, in Revised Estimate, we have requested for a cut on that amount,” the Union Ministry of Labour and Employment has informed the department related Parliamentary Committee on November 19, as per the parliamentary panel’s report. The decent job creation flagship programme contains three Employment Linked Incentive (ELI) Schemes for which the Union Budget had allocated Rs10,000 crore. The Union Ministry of Labour and Employment has now urged the Union Ministry of finance to reduce the budget for the ELI Schemes for the current financial year to Rs6,852 crore, the House panel was informed in response to a query. Apart from citing limited time available in the current financial year, which will end on March 31, 2025, the Union Ministry of Labour and Employment has cited eligibility conditions as major roadblocks to the successful implementation of the scheme in the stipulated time-frame. The three ELI schemes are yet to get approval from the Union Cabinet and have faced considerable delays with only a quarter to go before the end of the current financial year. However, the Union Ministry of Labour and Employment has said to the House panel, “The Cabinet note has been submitted. We are expecting to start shortly. The total budgetary allocation for this scheme in the next six-and-a-half years will be Rs 1.07 trillion. This year, Rs 10,000 crore has been given and we expect to spend above Rs 6,000 crore.” As for the finances and physical targets, the Union Ministry of Labour has said that they expect to spend Rs 3,576 crore on Scheme A, Rs 1,534 crore on Scheme B, and Rs 1,651 crore on Scheme C. The ministry expected 93 lakh workers to get benefit under the three schemes in the current financial year. Scheme A of ELI is for first-timers, Scheme B is to promote decent job creation in the manufacturing sector, and Scheme C is to incentivise employers across all sectors to create additional employment over and above the prescribed threshold. Subsidies would be given to the employers and employees both, through membership of the Employment Provident Fund Organisation (EPFO). It was claimed in the Union Budget 2024-25 that the programme would generate 8 million decent jobs, apart from skilling 10 million youth over the next five years. As per the proposal of the Union government, the proposed amount to be spent under ELI Scheme A from FY25 to FY28 is Rs 22,333 crore, under Scheme B from FY25 to FY31 is Rs 48,326 crore, and under Scheme C from FY25 to FY31 is Rs36,040 crore. However, after the announcement of the scheme until now, progress remained totally unsatisfactory, despite over two dozen meetings being held between the officials of the Union Ministry of Labour and Employment and other stakeholders from other ministries and departments, and representatives of states, employers’ and labour organisations. Employers were particularly hesitant about joining the schemes. There were many hurdles in the way. EPFO was to be revamped to implement the ELI schemes the process of which remained very slow. The Parliamentary panel has also noted that the EPFO was still preparing a dedicated IT infrastructure in consultation with the Union Ministry for Electronics and Information Technology (MeitY) for implementation of the scheme that involves preparation of software system/apps for smooth operation of applicant’s registration, disbursal of incentive/subsidy details etc. The parliamentary panel desired that “the process involved be completed at the earliest in a time-bound manner.” Another hurdle was the payments system framework. Though the Centre had already issued directions to all ministries and departments to ensure payments of subsidies and incentives to beneficiaries of all schemes through Aadhaar Payment Bridge, the progress remained very slow at EPFO level. EPFO was given direction to ensure that employers complete the first stage of Universal Account Number (UAN) activation through Aadhaar-based OTP by November 30, 2024, starting with the latest joinee employees in the current financial year 2024-25. The second stage of the process was to be included in the Biometric authentication, through face recognition technology, after which employers would be required to complete the process for all employees working with them. However, the November 30 deadline failed, which was extended on December 4 with the next deadline of December 15. Along with the extension of the deadline to activate UAN, the government has also extended the date for the Aadhaar seeding of bank accounts. On December 11, Union labour secretary Ms Sumita Dawra urged the hesitant India Inc at CII Global Economic Forum to take advantage of the ELI scheme to make themselves more competitive. One of the chief reasons for delays in implementation of the scheme is that the Union government is yet to announce the details of the ELI scheme which made the employers apprehensive and hesitant about the scheme. Now, the Union Ministry of Labour and Employment has informed the House panel that the schemes do not have cabinet approval yet, which they may get shortly. Officials in the Union Ministry of Labour and Employment expect the details of the schemes will be ready for notification and implementation by January 2025, only weeks before February 1, 2025, when the next Union Budget 2025-26 will be tabled in the Parliament. It is very bad news for the workforce in the country, since over 90 per cent of them are working in informal jobs both in informal and formal sectors. They are engaged in low quality and low waged jobs without any social security. Most of them have precarious employment arrangements and nearly 20 percent of the employed as per PLFS government data are not in paid employment. (IPA Service)

Published 19:18 IST, December 25th 2024 India has emerged as one of the most vibrant startup ecosystems globally, securing its position as the third-largest startup hub. New Delhi: India, which is the world's third largest start up ecosystem hub, is now home to more than 73,000 startups with at least one woman director, recognised under the Startup India initiative, the Ministry of Commerce & Industry stated on Wednesday. The ministry, in a release, highlighted that this represents nearly half of the 1,57,066 startups supported by the government, underscoring the crucial role women play in driving innovation and economic growth. India has emerged as one of the most vibrant startup ecosystems globally, securing its position as the third-largest startup hub. With over 100 unicorns, the Indian startup landscape is shaping the future of innovation and entrepreneurship. The entrepreneurial spirit in India has undergone a paradigm shift over the last decade. Cities such as Bengaluru, Hyderabad, Mumbai, and Delhi-NCR have become epicentres of innovation. The widespread availability of affordable internet, coupled with a young and dynamic workforce, has fuelled the growth of startups in diverse sectors, including fintech, edtech, health-tech, and e-commerce. According to the "Indian Startup Ecosystem Report" by Startup India, India's startups have leveraged emerging technologies such as artificial intelligence (AI), blockchain, and IoT to address both local and global challenges. This culture of innovation, supported by incubators, accelerators, and robust mentoring networks, has fostered a unique ecosystem that connects grassroots challenges with cutting-edge solutions. Recognising the transformative potential of startups, the Indian government has introduced several initiatives to support and nurture entrepreneurship. The flagship Startup India programme, launched in 2016, has been a cornerstone of this effort. As of December 25, 2024, 157,066 startups have been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT), with 759,303 users registered on the portal. The government has launched ambitious programmes to support the startup ecosystem through ease of doing business, tax benefits, funding support, sector-specific policies, and the Bharat Startup Knowledge Access Registry (BHASKAR) platform. Additionally, initiatives such as the Atal Innovation Mission (AIM) and the National Initiative for Developing and Harnessing Innovations (NIDHI) provide infrastructure and financial support to innovators. The Startup Accelerator of MeitY for Product Innovation, Development, and Growth (SAMRIDH) scheme, launched in 2021, aims to support 300 software product startups over four years with an outlay of Rs 99 crore, offering funding of up to Rs 40 lakh per startup through accelerators to scale their businesses. Highlighting the success of new-age companies such as BYJU'S, Zomato, Ola, and Nykaa, the ministry noted that these startups have expanded their operations globally, showcasing India's ability to scale and compete on the world stage. The success of Indian-origin startups in Silicon Valley further underscores the country's global influence, the ministry added. According to the Startup India International Guide, Indian startups are increasingly partnering with global corporations and entering international markets. India's leadership in affordable technology solutions, such as UPI and Aadhaar-enabled services, is inspiring similar innovations globally, the ministry added. Furthermore, India's unicorns are outpacing global peers in valuation growth, proving that the ecosystem's foundation is robust and scalable, the Ministry of Commerce & Industry concluded. With inputs from ANI Updated 19:18 IST, December 25th 2024

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