Saturday 6 February 2016

HEY AUDIENCE,

Prime Minister Narendra Modi has kicked off the ambitious Startup India Movement. The government programme aims to fill gaps in the economy for the growth and development of startups and will aim to boost digital entrepreneurship at the grassroots. The government is expected to earmark around Rs 2,000 crore for the initiative.

“The much awaited unveiling of #StartupIndia by Prime Minister of India has brought lots of positively among the entrepreneurs in India. We are elated by the fact that India has the third largest number of start-ups globally. IESA (Indian Electronics and Semiconductor Association) applauds the government on being a facilitator to build the startup nation. With the Government’s support, a startup can be built in a day which will definitely motivate many young entrepreneurs to turn ideas into action thereby increasing the jobs in India as well,”says M N Vidyashankar, President, IESA.

Sean Blagsvedt, Co-Founder & CEO, Babajob.com, said: “We are incredibly excited about the Startup India Action Plan announcement, which has dozens of policy innovations to foster more creative startups. At Babajob, we can’t wait to help connect India’s aspiring millions with jobs at the next generation of startups; I only wish the plan was in place when we started.” “The relaxation of the financial and labour norms is a great step towards making things simpler for young startups so they can focus on innovation without getting entangled in some of these norms that are more applicable to larger entities.  I am extremely excited about the Atal Innovation Mission, this will help foster innovation at a grass root level among students in schools and colleges, which will in turn encourage more youngsters to enter the field of entrepreneurship and innovate and create some ground breaking products that will be used by people around the world. India is already a leading startup hub and I am convinced that with the right support from the government, it can rapidly become the innovation hub of the world,” says Shashank ND, Founder & CEO, Practo. 

Manu Agarwal, CEO & Founder, Naaptol Online Shopping Pvt. Ltd: “This initiative will help startups get a foothold in India. It will bring the aspiring entrepreneurs and investors on a common platform. We too were a startup not too long ago and with the right cash infusion at the right time, we’ve grown to be the leading home shopping company in India. The ‘Make in India’ initiative has already garnered an incredible response from promising young entrepreneurs who have innovative ideas on running a business. The Indian youth is geared up for a sea of new opportunities & the Indian government’s support through the ‘make in India’ endeavour is a great support. 

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