Govt Ready To Talk, Address Concerns And Prevent Start-Ups From Moving Abroad: Sitharaman
The government’s policies have created a favourable environment which has resulted in having more than 100 unicorns in India today. Government will interact with the ones who look forward to move overseas, to help them stay in India
Union Finance Minister Nirmala Sitharaman said that the government is ready to talk with the start-ups and address their issues as much as it can, on 11 October. Government will interact with the ones who look forward to move overseas, to help them stay in India.
Informing a think-tank, she said that Prime Minister Narendra Modi himself is involved in start-ups initiative. The government’s policies have created a favourable environment which has resulted in having more than 100 unicorns in India today.
“The Prime Minister himself have been engaged by me with the start-ups to know what they want from India. And we kept addressing the concerns as much as possible. Now as a result of which, we saw new Unicorns reached 100 in number within a year,” Sitharaman said in response to a question.
Sitharaman was asked about the successful Indian start-ups moving out of the India to which she replied, “I’ve heard this from others as well. Start-ups are moving abroad in countries like Singapore and UAE. Well, if they want to talk to the Government of India, they may. And after hearing it if it’s possible, we’ll certainly attend to them.”
“So, I would think continuous engagement with the startups is what is going to help them to remain and do better within India. But, there temptations to go outside, build a common ground and serve on those courses. Not all of them are possible but equally, we can try,” she further added.
The finance minister talking about taking special efforts to encourage start-ups in the Northeast by the Indian government said, “I myself have had meetings with chief ministers of those regions about start-ups. Particularly IIT Guwahati, has a lot of interaction with industry and also has potential to address challenges with solutions for the start-ups to come up.”
“I find this unique in the Northeast, very typical for the Northeast kind of solutions emanating from start-ups which are coming up in that area,” she added.
