Young entrepreneurs welcome Startup India action plan!
If you weren’t happy with an ‘yesterday,’ its never too late to think over a startup again ‘today.’ The Startup India Campaign launched on January 16, is all set to empower countless ‘startup ventures’ and pave way for a resilient India in the making!
PM Narendra Modi announced the Startup India package at Vigyan Bhawan in Delhi to encourage country’s startup businesses. He revealed a string of measures, including three years of tax and compliance breaks aimed at curbing arduous government regulations and red tapism. Amidst applause and statements, he said, “People who have achieved success are not just entrepreneurs but also adventurous. Success of entrepreneurs depends on their ability to take risk.”
Top Indian and global startup founders who gathered for the launch of “Startup India, Standup India” initiative, to name a few, included Masayoshi Son, CEO, and Nikesh Arora, President and COO, SoftBank, Travis Kalanick, Founder, Uber, and Adam Nuemann, CEO, WeWork, Flipkart founder Sachin Bansal, Snapdeal’s Kunal Bahl, Ola founder Bhavish Aggarwal, Paytm founder Vijay Shekhar Sharma, ShopClues founder Radhika Agarwal, and Oyo Rooms’ Ritesh Agarwal.
“The Finance Minister will do the rest, but since I have said all this in his presence, things should move,” PM said, reiterating the need to become a ‘job creator’ rather than being a ‘job seeker.’ He urged India’s youth to be a part of this initiative and also acknowledged the their vital role in shaping the future of India.
Though the announcements will definitely help improve the situation for startups in India, it wasn’t instantly clear how some measures such as three-year tax breaks could help rescue innovative ventures struggling for years to breathe success. On the whole, the initiative evoked remarkable response.