To­wards Balanced

Assocham Bulletin - - AWARD -

The 'Start-up In­dia, Standup In­dia' ini­tia­tive of the gov­ern­ment un­veiled a 19-point ac­tion plan for startup busi­nesses in In­dia. The Prime Min­is­ter an­nounced an all-in­clu­sive ac­tion plan to boost such ven­tures that would boost em­ploy­ment gen­er­a­tion and wealth cre­ation.

While in­au­gu­rat­ing the ASSOCHAM World En­trepreneurs Day Sum­mit, on Au­gust 18, 2017, Dr. Ji­ten­dra Singh, Union Min­is­tert­ermed the 'Start-up In­dia, Standup In­dia,' pro­gramme as the most unique pro­gramme in the world as it of­fers un­prece­dented in­cen­tives like three years of tax hol­i­day and three months of exit pe­riod. It would help the youth of the coun­try to show­case their tal­ents through in­no­va­tive busi­nesses.

He added that a big head­way has been made and en­trepreneur­ship po­ten­tial of In­dia at all lev­els of so­ci­ety is now be­ing re­alised. We see a trend of re­verse brain drain in In­dia over the course of past cou­ple of years. "That kind of mi­lieu has been pro­vided

in­fras­truc­tural dif­fi­cul­ties were there," said Dr. Singh.

As a re­sult of proac­tive out­reach by the Prime Min­is­ter him­self, 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 get back to In­dia, he added.

"Sothis it­selfisa 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," said Dr. Singh.

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