Monday, 19 October 2015

Startups Initiative by Government of India “Stand Up India”

Brief about “Stand Up India”

Prime Minister Narendra Modi is leading an ambitious bid to take India to the head of the Global entrepreneurship by offering

a)       Tax incentives for the investors and ESOPs for employees;
b)      Incubation centers (they provide support functions, mentorship and resources to individual entrepreneurs and to their set ups; giving the all the expert advice and technical guidance);
c)       Single window clearance;
d)      Amendment to the bankruptcy laws to ease entry and exit norms; and
e)      Changes in the intellectual property rights
Also, the government wants to direct their startup energy toward 25 focus areas which were identified in Make in India plan which extends to textiles, leathers, gems and jewellery.

This initiative will lead to investment of $5 billion in India

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