Binance Blockchain Yatra: How Gujarat’s Startups and Smart Tech Are Shaping India@2047

Gujarat continues to solidify its position as a hub of entrepreneurship, innovation, and technology in India. A recent panel discussion at the Binance Blockchain Yatra in Ahmedabad highlighted how the state is shaping India’s innovation journey toward India@2047. The discussion brought together voices from the startup, manufacturing, and fintech sectors, providing insights into how Gujarat fosters inclusive growth, technology adoption, and entrepreneurial excellence.

The Entrepreneurial Spirit Driving Gujarat

The session opened with a powerful Gujarati proverb:

“ઉદ્યોગપતિ એ ઉદ્યોગ છે, પરંતુ ઉદ્યોગ એ ઉદ્યોગપતિ નથી” —An entrepreneur is a business, but a business is not necessarily an entrepreneur. Moderator Manoj Singh, Founder of TICE, emphasized that while businesses are structures, it is the entrepreneurial spirit that drives innovation, scale, and societal impact.

Gujarat’s Startup Ecosystem and Youth Innovation

Ameet Parikh, Chairperson of the Start-up Committee at GCCI, elaborated on Gujarat’s unique positioning as an industrial powerhouse. “Our youth bring technology, speed, and innovation, while experienced industry leaders provide scale and mentorship. Programs like Startup Setu bridge this gap,” he said. Ameet highlighted initiatives such as connecting startups to established industries, ensuring compliance, and scaling innovations, stressing that trust and transparency are crucial across sectors from agriculture to manufacturing.

As of mid-2025, Gujarat boasts 11,436 DPIIT-recognized startups, with over 5,966 led by women entrepreneurs. Recognized as the “Best Performer” in DPIIT’s States’ Startup Ranking, the state thrives due to supportive government policies, incubators, and funding mechanisms like Gujarat Venture Finance Limited (GVFL). Initiatives such as the Scheme for Assistance for Startups/Innovation provide seed funding and sustenance allowances, while GIFT Cityoffers startups a favorable financial and regulatory environment.

Transforming Manufacturing with Smart Technology

Simran Gangwani, Founder of Digilize Solutions, highlighted how smart manufacturing and Industry 4.0 solutionsare transforming Gujarat’s industrial landscape. India has vast manufacturing potential, but adoption of automation and digital tools remains limited, particularly among MSMEs. Her company implements user-friendly digital ecosystemsthat modernize production, track quality, and ensure transparency across supply chains, from raw materials to finished products.

The panel also discussed blockchain and Web3 applications, demonstrating how they improve quality assurance, supply chain tracking, and countering counterfeit products, enhancing consumer trust and operational efficiency.

Fintech, Blockchain, and the Future

Kushal Manupati, Regional Growth & Operations Lead at Binance, emphasized Gujarat’s potential as a sandbox for regulatory experimentation, enabling startups to innovate in blockchain, Web3, and digital finance. Integrating blockchain with India’s Digital Public Infrastructure (DPI) can set global benchmarks in transparency, traceability, and trust, offering unique use cases for India.

The discussion also celebrated Gujarat’s women-led startup ecosystem, highlighting how collaboration between youth, industry, and government ensures that innovation translates into tangible business growth and societal impact.

Concluding the session, the proverb “સૌના સુખમાં આપણું સુખ” — In everyone’s progress lies our own happinessreflected the collective spirit driving Gujarat’s entrepreneurial vision. Panelists agreed that building trust, fostering innovation, and connecting startups with industry leaders is key to realizing India@2047 goals.

Approximately 200 people joined the Binance Blockchain Yatra on 23rd August at Hayatt Regency Hotel, where young Binance users and fans participated in fun activities and a live quiz show. The top five winners were presented with Binance Gift Hampers by Kushal Manupati, adding an interactive and engaging element to the event.

Gujarat’s model — combining entrepreneurial spirit, technology adoption, mentorship, and supportive policies — provides a blueprint for inclusive, future-ready growth, showing how startups, smart manufacturing, and blockchain innovations can shape India’s journey toward a globally competitive and digitally advanced economy.