During his last September visit to the US; the Indian Prime Minister Narendra Modi has vowed the Silicon Valley chiefs, especially when he said that he will attack the Indian poverty with technology. There while pitching for his pet Digital India initiative with the titans of the information technology (IT) world; the Indian PM has promised making his governance more accountable and transparent, while also assuring data privacy and security.
Around 2,000 start-up invitees are anticipated for disclosing the government’s Start-up India initiative, where the Chief Executives of the leading IT companies such as Google’s Sundar Pichai. Tesla’s Elon Musk and Apple’s Tim Cook, who also met Prime Minister Narendra Modi in San Jose, last September are also among the expected attendees. The global workshop on start-ups will be held in the capital, New Delhi on January 16, 2016.
The Start-up India launch would be complementary to the start of the Make-in- India campaign last year. Indian Start-ups have acknowledged approximately $9 billion in funding in 2015, which is partly the total amount they were able to raise in the 5 years prior 2015.
The event is being coordinated by the Department Of Industrial Policy And Promotion in partnership with The National Association of Software and Services Companies (NASSCOM), the industry body defining software and IT firms, along with few other think-tanks in the start-up ecosystem.
Amid the various actions that the PM could announce include a new law that makes the entire process ‘accessible’ to start and exit a venture and provide supplementary support for the ‘ingenious Start-Ups’. The government has also initiated necessary talks with the venture capitalists and the incubator firms, as well as with the higher education Indian premier institutions such as IITs, IIMs and the Central universities, on the designs, which can be deployed promoting new business ventures and the regulations, abated to facilitate the risk-taking.
'Start up India' is country's biggest and definitive platform for start-ups and the entrepreneurs. Importantly, it was during his last Independence Day speech, when Indian PM Mr. Modi urged the fellow Indians to ‘Start-up’ and ‘Stand-up’.