India has been proud to host first of its kind bizfest promoting what the name says –‘Make in India’. Make in India is beneficial for Indian startups. With the number of startups mushrooming by the day, India is putting its best foot forward globally.
Any startup would look forward to the following from the government.
1) Providing with the essential infrastructure and basic needs of free internet access. Easy access to these needs will help to boost the business.
2) Tax redemptions and convenient processes where no middle man is involved and a single window process is something entrepreneurs are expecting.
3) Making processes hassle free and procedures quick as this will encourage and boost startups at the initial stage itself. Less bureaucracy, paper work and instant approval will act as incentives for startups.
4) Encouraging entrepreneurs with unique business model and ideas to become independent so that they can easily get investors and loans to get the business on track without any financial hiccups.
The Make in India initiative will create job options and enhance skills in 25 sectors of the economy. This will encourage startups to prosper in their ideas and innovations setting a firm foundation in creating opportunities for a bright future.
As promised by the Government it will be proactive and match the expectations of the innovators taking steps to curtail hurdles or obstacles that may come their way. This will have a great impact on startups and it will open global avenues for them giving them recognition at an early stage.
Inputs by Vipul Paliwal, Co-Founder, Faida.com
The above article has been contributed by Vipul Paliwal, Co-Founder, Faida.com. Faida .com is barter system platform where you can exchange the stuff you don’t need. It works on cashless transaction, so no money is involved. Faida .com aims to change the world in the way people buy, sell & exchange items by making sure that they get better value out of it.
(Disclaimer: This is a guest article contributed on Techstory. Techstory is not responsible of liable for the content in this article. All information in this article has been provided to Techstory by the author.)
(Image Credits: thehindu.com)