SME Times is powered by   
Search News
Just in:   • Standardization boosts domestic growth, exports: Prabhu  • PM interacts with farmers across the country  • General Electric to be removed from Dow index  • Truckers' strike enters second day, northeast comes to 'standstill'  • Nadda releases India's health profile, launches institutional profiling project 
Last updated: 21 Aug, 2017  

doner-minister-jitendra-singhTHMB.jpg 'Startup India, Standup India programme most unique in the world'

Startup India
   Top Stories
» Standardization boosts domestic growth, exports: Prabhu
» PM interacts with farmers across the country
» Govt declares national targets for off-shore wind power
» 'Small industries must get in-hand training on Industrial security'
» Govt to spend $1 bn to boost services exports: Prabhu
SME Times News Bureau | 21 Aug, 2017
Union DoNER Minister Jitendra Singh Friday called the 'Startup India, Standup India' programme as the most unique in the world.

Addressing the Assocham World Entrepreneurs Day Summit in New Delhi, Singh called the 'Startup India, Standup India' programme as the most unique in the world as it offers unprecedented incentives like three years of tax holiday and three months of exit period.

He said it is due to the government's efforts that a big headway had been made and the entrepreneurship potential of India which was not being realised earlier at any level of the society is now being realised.

"That kind of milieu has been provided by the present government as the aptitudes were there but motivation was lacking.. perhaps infrastructural difficulties were there," he said.

He also said that a reverse brain drain has been happening in India during the course of past couple of years.

Addressing the youth from North-East, he said, "You must have realised that as a result of proactive outreach by Prime Minister Narendra Modi, it is not only the foreign investors who are now looking up to India as a destination.. many of those who had left India in search of green pastures and settled abroad are now looking forward to opportunities to return."

"This is the phenomenon that I have observed only in the last 2-3 years. So this itself is a very impartial evidence of the kind of change in the business atmosphere which is being witnessed in India and I am sure in the years to come this country is going to be one of the most attractive destinations for startups and entrepreneurs," he added.

He also said that India has visibly risen so far as entrepreneurship was concerned. "We have challenges of population, infrastructure, heterogeneity and accessibility but what is heartening is that in last three years, there has been a honest, sincere and sustained effort to overcome even these hassles."

The minister also said that the government is building necessary infrastructure to promote northeastern states as a favorite destination for startup ventures in the country.

He said, an increasing number of youngsters from across India are approaching the Central government to set up startups in the northeastern states under the Startup India and Standup India programme.

"Any youngster who decides to set up startups in the northeast will in addition to all the provisions available in the government programme will also get initial venture capital fund from the Ministry of Development of North Eastern Region, so that they do not have any financial liability," added.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 21 Jun, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(22)
» Modi interacts with Digital India beneficiaries(1)
» Fiscal deficit, GDP data: Is it a turnaround(1)
» Lend more to MSMEs, RBI urges NBFCs(1)
» RBI's surprise rate-hike(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter