New Delhi, Jun 6 (PTI): Prime Minister Narendra Modi on Wednesday said the government is taking several steps to promote young entrepreneurs in the country, adding that startups are no longer confined to big cities.
Smaller towns and villages too are emerging as vibrant startup centres, the Prime Minister said while interacting with young entrepreneurs from across the country, including cities like Dehradun, Guwahati and Raipur.
He also said that along with Make in India, Design in India too is important for startups.
"Adequate capital, courage and connecting with people are required for excelling in the startup sector," he said.
Modi added that there was a time when startups meant only digital and technology innovation but now things are changing and we are seeing startups in various other fields, including agriculture.
"We have started an Agriculture Grand Challenge. We invite more youngsters to ideate on how to transform our agriculture sector," he added.
The government has launched the Startup India Action Plan to promote budding entrepreneurs in the country. The plan is aimed at giving incentives such as tax holiday, inspector raj-free regime and capital gains tax exemption, Modi said.
"Our startups are growth engines. Today's big companies were startups at some point. I urge the people of India to keep innovating," he added.
He also said that the youth in India is now creating jobs and the government is committed to harnessing the demographic dividend.
Commenting on the issue of fund availability for startups, Modi said the government has created a Rs 10,000 crore Fund of Funds.
He also said startups can sell their products to the government and it has eased public procurement norms for them.
India has distinguished itself in the global startup ecosystem, the Prime Minister added.
Comment on this article
flavian dsouza, chik/bengaluru
Wed, Jun 06 2018Make it India is good not break India !!!!
DisAgree [1] Agree [2] Reply Report Abuse
Anil, Mangalore
Wed, Jun 06 2018Whatever you do is tolerated by the people of India. Just keep the Hindutva tag away from you.
This is India with so many religions, culture. Everyone respect each other irrespective of religion, caste and creed and you dont have create division in the society. Instead, bring in the tag 'Peace India is a new India - we all are One'.
With this new tagline you will will win with more than 400 seats.
DisAgree [1] Agree [3] Reply Report Abuse
El En Tea, Mumbai
Wed, Jun 06 2018Why no from 2014 start up
After 4 years wake up
2019 for election gear up
Ready to go buckle up
Let us enjoy with Thums up
DisAgree [1] Agree [5] Reply Report Abuse
Ashok Shetty, udupi
Wed, Jun 06 2018A FAMOUS QUOTE BY RENOWNED SCHOLAR CHANAKYA "WHEN EVERYBODY COME AGAINST ONE PERSON IT IS UNDERSTANDABLE THAT THE PERSON IS DOING THE RIGHT THING".
DisAgree [2] Agree [4] Reply Report Abuse
Jenifer, Mangalore
Wed, Jun 06 2018What if we take rape cases in India ?
People opposing it, means rapes are justified ?
Or, are you saying that majority are not opposing rapes ?
DisAgree [1] Agree [4] Reply Report Abuse
Jamal, Bajpe
Wed, Jun 06 2018Only andh bakth's quote....... u will not find this anywere 🤣🤣🤣
DisAgree Agree [3] Reply Report Abuse
SUNNY, udupi
Wed, Jun 06 2018Just think why the Coastal people vanishing Congress in coastal in this election
DisAgree [2] Agree [1] Reply Report Abuse
Hindustani, Mangalore
Wed, Jun 06 2018Because of Hindutva.
DisAgree Agree Report Abuse
Jenifer, Mangalore
Wed, Jun 06 2018Modi's start-up
Defense contracts for Ambani : Pakoda business for common graduate.
DisAgree [2] Agree [6] Reply Report Abuse
Vincent Rodrigues, Bengaluru/Katapadi
Wed, Jun 06 2018This is Modi's starts up programmes for the forthcoming parliament election and nothing else.
DisAgree [2] Agree [5] Reply Report Abuse