The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Nallapuraju Adarsh Varma, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur.
It had always been said that India is a country with vast population but limited opportunities. Now the time has come for us to let everyone know that with the launch of Start-Up India Campaign we are second to none and this marks the beginning of Big Bang of innovation in India. The government has taken a step ahead to help emerge startups in India. The government has launched the Start-up India campaign addressing various topics like
- 21st Century Calling: Why is innovation important for India?
- “Fostering the spirit of Innovation.”
- Face to face with policy Makers – a Q&A session.
- “Freelancers and early stage startups: The Eco system required.”
- Unleashing Entrepreneurship and Innovation: What do Indian Startups Need to Grow and Prosper
- Celebrating Women: Stories of Innovative Women Entrepreneurs
- How digitization will change India’s future
- Making Indian Healthcare Leapfrog
- Financial inclusion is within reach
The Prime Minister Shri. Narendra Modi had addressed the nation during Start-Up India campaign by mentioning that “We have millions of problems. There is no denying that. But we also have a billion minds. And these billion minds will easily find the solutions to the millions of problems.”
To promote a culture of entrepreneurship, the government on 16/01/2016 had announced a slew of incentives including an Rs 10,000-crore corpus for innovation-driven enterprises, a three-year break from paying income tax on profits, an Rs 500-crore per year credit guarantee mechanism, and exemption from capital gains tax for start-ups.
Modi said that there is no need to blend intellectual property (IP) with youth property (YP) and also mentioned that the government will give 80 percent rebate in patent registration fees for start-ups compared to other companies. This will enable the bubbling entrepreneurs to take a step forward to implement their ideas and follow their dream. I would like to know if 320 million of American population contain great entrepreneurs like Steve Jobs and Bill Gates then 1.2 billion population of India should contain how many entrepreneurs?.
I am eager to see that with the development of the Start-up India, I feel assured that India will enter a golden age where many number of successful entrepreneurs will emerge and last but not the least thing to do is
“To count the number of Steve Jobs and Bill Gates born in India…”