Prime Minister Narendra Modi: Start-up India movement begins today

Prime Minister Narendra Modi on Saturday launched the “Start-Up India” movement by unveiling the action plan aimed at boosting entrepreneurship at the grassroots level. Jaitley was speaking at the launch of the Start-up India event, and said that the plan is a final break from the conventional licence raj and regulatory regime.

Over 100 member delegation of young innovators and startup companies is participating under the banner of FICCI in the Startup India launch programme by Hon’ble Prime Minister tomorrow 16 January 2016 at Vigyan Bhawan, New Delhi.

Emphasising that the government has limited potential to create jobs, Jaitley said, the private sector has its own challenges. A clutch of successful startup entrepreneurs and investors brainstormed at the Indian government’s Startup India on the key essentials that should be part of every startup manual.

“The DBT is committed to doing citizen-oriented research and to commercializing its research, especially through new startups that can identify market opportunities to serve the masses”.

With an aim of making Prime Minister Narendra Modi’s website more attractive and informative, it has been further upgraded making. Needless to say, both the banking system and the government would make the resources available. By funding trading or manufacturing establishment of this segment, nearly 3,00,000 new entrepreneurs over the next two years will be created, he said.

He invited Korean companies to enhance their investments in India, and to Make in India, which would also imply Make for India, the statement said. “We expect government to create a startup or tech centre where there is free flow of capital and talent with easy visas and no taxes”. It is also impossible for an entrepreneur to take the stock in his Company through Sweat Equity because of the existing tax laws which are taxing such equity upfront by considering it as “deemed income”. Amitabh (Kant) is being called repeatedly an evangelist because the DIPP was the corridor that most people visited to have their proposals supported by the government. It takes more than a month to receive all the permissions needed from a host of government agencies, compared with a week in the US or three days Singapore, according the World Bank.

“However, it was expected that the proposed policy would provide access to capital and a complementary IPR (intellectual property rights) regime, which would allow entrepreneurs to grow and prosper”, FICCI said citing the American diplomat.

-We are starting the Atal Innovation Mission to give an impetus to innovation and encourage the talent among our people.