"India will have one lakh startups by 2025 employing 3.25 mn people and creating USD 500 bn in value," Pai said.
Menza Motors launched its electric motorcycle Menza Lucat priced at Rs 2,79,999 (ex-showroom).
India's startups will flourish if the regulatory environment becomes more friendly as all other things funding, talent and ability to connect to global market.
Skill is emerging as the new currency across businesses globally and in India," Seema Kumar told IANS.
The commerce and industry ministry said it has proposed a Rs 2,000 cr credit guarantee scheme for startups to help them access funds.
Revenue worth USD 25 bn can be generated in India and Israel through cumulative cross-border investment into start-ups in these two countries, a report said.
Private equity investment in May jumped 64% in value terms with deals worth USD 963 mn, mainly driven by big ticket investments, says a report.
Rolls-Royce plans to triple its workforce at its research and development centre in India by the year-end.
Investors based in Hong Kong are putting more money in start-ups and are increasingly looking at India as an investment option.
Ambani on Wednesday said it is essential to find a passion for solving a problem without focusing primarily on financial returns.