Indian Government Supports Web3 Startups, Establishes Blockchain CoE

The Indian government has expressed its support for startups innovating in the Web3 sector, including those focused on blockchain technology. The Minister of Electronics and Information Technology, Rajeev Chandrasekhar, mentioned the government’s commitment to ensuring that innovators from India contribute to shaping the future of Web3 and the internet. Chandrasekhar highlighted the establishment of a Centre of Excellence (CoE) for blockchain technology, initiated in March 2020, as part of collaborative efforts involving various entities. The CoE serves as a specialized incubation facility for startups in emerging technologies, providing infrastructure, technology support, leadership, mentoring, training, and networking opportunities. (Source: Bitcoin.com)