Government is committed to make Startup India initiative a scalable reality and to provide an environment for our Startups to thrive in, The Ministry of Commerce and Industry believes the way forward is to have all the stakeholders on board to take the initiative forward and act as a facilitator for Startups to flourish.
With the agenda of creating a conducive Startup ecosystem, the Ministry is reaching out to all the stakeholders to discuss key concerns that need to be addressed to strengthen the ecosystem.
As a step in this direction, the Ministry organized a meeting with around 30 Startups for their feedback and to discuss the key challenges faced by them.
Some of the prominent names which were part of the meeting are Paytm’s Vice President Sudhanshu Gupta, Ola’s Senior Director Anand Subramanium, Suraj Saharan, Co-founder of Delhivery, Nykaa.com’s CFO Sachin Parikh, Abhiraj Bhal, Co-founder of UrbanClap, Anu Acharya, CEO of Mapmygenome, and Rivi Varghese, CEO and Co-founder of CustomerXPs.
Minister of Commerce and Industries, Nirmala Sitharaman, opened the discussion by stating that that this is the first in a series of dedicated meetings that the Government will hold to have all stakeholders of the Startup ecosystem on board in making India one of the best Startup destinations in the world.
She urged the participants to feel free to write to the government on any issue and not wait for a meeting.
Some of the issues that were raised related to making compliances easy, IPR pendency period, lack of prompt response from incubators for issuing recommendation letters, complicated paper work involved in all government compliances, tedious import/export procedures, need of clear definition of Aggregators under the Service tax among many others.
By Belal Khan
