Finance Minister Arun Jaitley on Saturday, 16 January 2016 kick-started Prime Minister Narendra Modi’s ambitious Start-Up India mission at Vigyan Bhavan in New Delhi. The attitude towards start-ups has changed in the country recently and it may not last for long. It is for the government cash in on this. Aimed at boosting the entrepreneur spirit in the country, the government has launched its Startup India initiative in Delhi.
Google will be conducting an innovative session titled ‘Launchpad Accelerator’ which will involve live pitches being made by early state startups to potential investors. Whosoever gets into the accelerator will get $50,000 from Google as equity funding into their startups. While, entrepreneurs are eagerly waiting for the announcement that will be made by the government at the event.
The Startups in India are facing various issues like Ease of doing business, Taxation, Funding, Skills, Mentorship, Branding, Upgradation and more. As this is the first times Indian Government is launching a programme exclusively for startups, evidently expectations are soaring, especially on taxation issues. Over to PM Modi for now.
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