SME Times is powered by   
Search News
Just in:   • No real job data available: BJP MP on growth-loss barb  • 88 smartphone brands fight for mere 0.3% market share in India  • DoT seeks to assures BSNL staff on 4G ahead of strike  • Set-back for Vedanta, SC refuses re-opening of TN copper smelting plant  • SC admits RInfra minor's plea challenging HC order favouring DMRC 
Last updated: 16 Nov, 2018  

Prabhu.9.thmb.jpg India will be global hub of startup community: Prabhu

Prabhu.specific.9.jpg
   Top Stories
» Exporters urge govt to address sector's concerns
» Tea exporters ready to stop exports to Pakistan
» GeM sign MoU with GS1 to empower buyers
» 'Need for finance, tech, industry-driven approach by thermal plants'
» 'Slow exports growth in January on global, domestic issues'
SME Times News Bureau | 16 Nov, 2018

Indian startups have the capacity to bring about transformational change to India’s growth story, said Union Minister of Commerce & Industry Suresh Prabhu, in New Delhi on Friday.   

Speaking at the launch of a report on the State of the Indian StartupEcosystem-2018 by Inc 42, Prabhu said that the Commerce & Industry Ministry is taking many initiatives to foster a positive and empowering ecosystem for startups togrow and flourish in the country.

To this end many regulations which were in place for traditional industries are now being reviewed and either scrapped or modified in order to facilitate the ecosystem which will fosterand encourage startups to take root in India, he added.

Prabhu said that the Ministry is holding a global investors meeting next month in India where top investors are being invited to participate in a roundtable meeting in order to pave the way for greater investments in Indian startups.

He referred to the jump that India has made in the Ease of Doing Business rankings and said that all efforts are now being made to ensure that India joins the group of countries in the top 50.

In his address, Prabhu said that change is the new constant in today’s world and the youth of India have within them the grit and determination to create positive change through new ideas which will benefit citizens of not only India but bring about positive change globally.

 
Print the Page
Add to Favorite
 
Share this on :
 

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

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 18 Feb, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» MSME secy urges sector to avail govt scheme benefits(2)
» MRF to set up a new plant in Gujarat(2)
» Starting an import export business: Basic guide for beginners(1)
» 'SMEs can help India capitalise on UAE strength'(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter