Appreciating Prime Minister Narendra Modis Startup India initiative, Infosys co-founder Narayana Murthy has said it will encourage entrepreneurship and generate jobs.
"At the end of the day it is about the power of entrepreneurship, how it can create lots of jobs and how there is a need to encourage our youngsters to create even more jobs," he said while commenting on the Startup India initiative.
The Prime Minister during his Independence Day speech had announced that government would launch Startup India programme to encourage innovation and young entrepreneurs. Modi is slated to unveil the action plan under the initiative on January 16.
Recalling that Infosys itself was a startup company, Murthy said it has generated 1.70 lakh "good jobs" for youngsters in the country.
He further said startups attract a lot of finance and can create 3-4 times more jobs than listed companies.
By encouraging startups, Murthy told reporters that the country can "create more and more jobs with more and more income, more and more disposable income".