Comments
Prime Minister Narendra Modi will announce special initiatives in December to give a further boost to the start-up ecosystem in the country.
This was stated by Jayant Sinha, Minister of State for Finance, at the TiEcon Delhi 2015 event in the Capital on Saturday.
Responding to queries on the inordinate delays in service delivery of government departments, Sinha said that the government was committed to improve the ease of doing business in India.
"Stay tuned", Sinha said when a delegate pointed out that it was taking about two months to incorporate a company in India.
This is the situation in India when countries like the UAE were handing out certificates of incorporation on the same day itself, this delegate said.
BusinessLine is the print media partner for the two-day TiEcon Delhi 2015 that commenced on Friday.
To another delegate's query on the difficulties faced in closing down of companies, Sinha replied "stay tuned".
Earlier in his address, Sinha advised start-ups to use India as "springboard" to serve the global markets.
He also said that the world was awash with capital and would not be right to say there is lack of capital to support entrepreneurial centures.
"If you are not getting fully funded, then you should look within and make sure the enterprise is creditworthy and worthy of getting capital," Sinha said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.