Modi set to un­veil ac­tion plan for the Start Up In­dia pro­ject to­day

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - HT Correspondent ht­metro@hin­dus­tan­

NEW DELHI: With the govern­ment’s show­case event for en­trepreneurs, Start Up In­dia, tak­ing place in New Delhi on Satur­day, in­vestors have sought tax ex­emp­tions and eas­ier pro­cesses for open­ing and shut­ting a com­pany.

PM Naren­dra Modi will launch the “start-up move­ment” by un­veil­ing an ac­tion plan in the pres­ence of 40 lead­ing CEOs, ven­ture cap­i­tal­ists, and an­gel in­vestors from the Sil­i­con Val­ley, in­clud­ing Soft­Bank CEO Masayoshi Son, WeWork founder Adam Nue­mann, and Uber founder Travis Kalan­ick.

In­vestors’ as­so­ci­a­tion TiE Sil­i­con Val­ley’s pres­i­dent Venk­tesh Shukla said a large num­ber of start-ups were fail­ing and “we should al­low them to open and close their units in an easy way. It is ex­tremely crit­i­cal be­cause a lot of their en­ergy is wasted in un­pro­duc­tive work”. Norms should also be eased for In­dian start-ups to raise money, he said.


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