Within DBT's budget, a separate division dedicated to 'industrial and entrepreneurship development' received Rs.2,200 million ($32.7 million). Its emphasis on public-private partnerships

signals that DBT's support for industry has jumped significantly following the 'Start-up India' program launched by Prime Minister Narendra Modi in January.

Incentives for startups contained in the recent budgets, such as tax-free status for three years and accelerated patent registrations, will foster the growth of 2,000 new companies in four

to five years, says DBT secretary Krishnaswamy VijayRaghavan. “I am very, very optimistic,” he says, about achieving DBT's recently announced goal of turning India into a “world class