![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
NEW DELHI: The Narendra Modi<\/a> government wants to provide a powerful launchpad for startups<\/a> by drastically simplifying the rules and ensuring that innovators are able to take advantage of such an enabling environment, thus unleashing entrepreneurial energies and creating jobs.\n
\nAt the heart of the initiative is distilling the cumbersome process of compliances under 22 different laws into a two-page Startup Act, a senior government official told ET. The Department of Industrial Policy and Promotion (DIPP) is looking to turn India into a startup haven.
\n
\nIt plans to cut through the thicket of regulations that holds back creativity and stunts the rapid evolutionary cycle that’s a feature of the sector.
\n
\n“Compliances are a big issue for aspiring startups<\/a>,” said the official. “We are trying to see whether we can bypass the multiple laws and draft a separate legislation instead.”
Already home to the fourthlargest startup community in the world, India wants to create a robust ecosystem in which entrepreneurship<\/a> can flourish as envisaged by the Startup India, Stand Up India initiative of Prime Minister Modi announced in this year’s Independence Day address. Jobs created by Indian startups are expected to rise to 2,50,000 by 2020 from 80,000, according to a Nasscom<\/a> report.\n
The government plans to unveil a detailed Startup India plan next month. The DIPP is drawing up a clear definition for startups to ensure that the regime is available only to companies that practice innovation. This is necessary because the government is also considering tax incentives<\/a> for startups, which it doesn’t want other companies to take advantage of.
\n\t <\/span><\/div>\n
\n
\nCompanies that qualify for the tag are likely to be less than five years old, providing an innovative product or service. They will also need to conform to financial norms to ensure that the incentives are not spread too thin.
\n
The new policy will address delays in incorporation, employee stock options, lack of initial funding, cumbersome Foreign Exchange<\/a> Management Act (Fema) documentation and access to external commercial borrowings.
\n
\n“It will be a colossal help if the government can do something about this,” said Rohan Malhotra, founder of Investopad, a startup incubator and financing company.
\n
\n“In the US, you can incorporate a company in a few hours. In India, it is a nightmare to do even basic administration work.” Entrepreneurs feel their energies are sapped by the need to negotiate their way through the bureaucratic maze.
\n
\n“Most startups have a backlog on compliances and simply get a professional to handle these matters when they want to raise funds,” said Gaurav Kachru, founder, 5ideas Startup Superfuel. “Some of it is a waste of time.”
\n
Last week, DIPP held discussions with leaders of the startup community including SoftBank<\/a> president Nikesh Arora, Snapdeal CEO Kunal Bahl, Oyo Rooms founder Ritesh Agarwal and former Infosys director Mohandas Pai to draw up a list of action points.
\n
\nET View: Now, Here’s a Lazy Startup Gesture!
\n
\nOpen Sesame would be even better, but that doesn't work in real life. New companies will have to comply with state-level and even municipal-level regulation, and it is difficult to see how one single central law can subsume all these — unless the new central law says the new startup will obtain such and such clearance from so and so at the municipal level or the state level. In which case, the law would be superfluous. The point is to make these clearances fast and predictable, not to do away with them. No single state has a complete list of all the clearances\/permits required to set up a new business. Passing a new law is lazy pretence, not real improvement of the ease of doing business.\n\n<\/body>","next_sibling":[{"msid":49639081,"title":"'Brijmohanji's valuable lesson forced me to pause, consolidate and then move on'","entity_type":"ARTICLE","link":"\/news\/industry\/brijmohanjis-valuable-lesson-forced-me-to-pause-consolidate-and-then-move-on\/49639081","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":49640613,"entity_type":"ARTICLE","title":"Modi government to provide launchpad for disruptive ideas: Startup Act in works","synopsis":"At the heart of the initiative is distilling the cumbersome process of compliances under 22 different laws into a two-page Startup Act.","titleseo":"industry\/modi-government-to-provide-launchpad-for-disruptive-ideas-startup-act-in-works","status":"ACTIVE","authors":[{"author_name":"Ruchika Chitravanshi","author_link":"\/author\/479237201\/ruchika-chitravanshi","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479237201.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479237201,"author_name":"Ruchika Chitravanshi","author_seo_name":"ruchika-chitravanshi","designation":"Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2015-11-03 11:37:30","lastupd":"2015-11-03 11:39:38","breadcrumbTags":["industry","Narendra Modi","Nasscom","Foreign exchange","Entrepreneurship","Startups","Softbank","tax incentives"],"secinfo":{"seolocation":"industry\/modi-government-to-provide-launchpad-for-disruptive-ideas-startup-act-in-works"}}" data-authors="[" ruchika chitravanshi"]" data-category-name="Industry" data-category_id="18" data-date="2015-11-03" data-index="article_1">
新德里:莫迪政府想要提供一个强大的发射台创业公司大大简化了规则并确保创新者能够利用这样一个有利环境,从而释放创业活力和创造就业机会。
的核心计划是蒸馏的繁琐过程在22个不同的法律遵从性成两页的创业行为,一位高级政府官员告诉ET。工业政策和促销(DIPP)希望把印度变成一个启动的避风港。
计划穿过灌木丛的规定,抑制创造力和特技的快速进化周期行业的一大特点。
为有抱负的“遵从性是一个大问题创业公司,”这位官员说。“我们想知道我们是否可以绕过多个法律和一个单独的立法草案。”已经是世界上第四大创业社区,印度希望创建一个健壮的生态系统创业可以设想的启动印度,印度的总理站起来莫迪宣布在今年的独立日地址。工作由印度公司预计将上升到2,50000从80000年到2020年,根据一项行业协会报告。
印度政府计划推出一个详细的创业计划下个月。DIPP是制定一个明确的定义对于创业公司来说,以确保政权是只提供给公司实践创新。这是必要的,因为政府还在考虑税收优惠对于创业公司来说,它不希望其他公司利用。
公司符合标签可能不到5岁,提供一个创新的产品或服务。他们还需要符合财务规范,确保激励不过于分散。
新政策将在公司解决延误,雇员股票期权,初始资金缺乏,麻烦外汇管理法案》(Fema)文档和访问外部商业借款。
“这将是一个巨大的帮助,如果政府可以做些什么,”说Rohan Malhotra Investopad创始人创业孵化器和融资公司。
“在美国,你可以把一个公司在几小时。在印度,这是一个噩梦甚至基本的管理工作。“企业家感到他们的能量就会被削弱了需要协商通过的官僚迷宫。
“大多数创业公司积压在遵从性和简单地得到一个专业来处理这些问题当他们想要筹集资金,“Gaurav的卡克说,启动Superfuel创始人5的想法。“一些浪费时间。”
上周,DIPP与创业社区的领导人包括举行了讨论软银总统Nikesh Arora, Snapdeal首席执行官Kunal巴尔欧房间创始人:阿加瓦尔和前印孚瑟斯导演莫汉达斯·拜拟定行动点数的列表。
等观点:现在,这是一个懒散的启动姿态!
芝麻开门就更好了,但在现实生活中不起作用。新公司将不得不遵守国家级甚至11月规定,,很难看到一个中央法律可以包含所有这些,除非新的中央法律规定新创业公司将获得从某某某某间隙市级或国家的水平。在这种情况下,法律将是多余的。关键是让这些间隙快速和可预测的,不做了。没有一个国家有一个完整的列表的所有许可/许可证要求建立一个新的业务。通过一项新法律是懒惰的借口,而不是真正的改善经商。
NEW DELHI: The Narendra Modi<\/a> government wants to provide a powerful launchpad for startups<\/a> by drastically simplifying the rules and ensuring that innovators are able to take advantage of such an enabling environment, thus unleashing entrepreneurial energies and creating jobs.
\n
\nAt the heart of the initiative is distilling the cumbersome process of compliances under 22 different laws into a two-page Startup Act, a senior government official told ET. The Department of Industrial Policy and Promotion (DIPP) is looking to turn India into a startup haven.
\n
\nIt plans to cut through the thicket of regulations that holds back creativity and stunts the rapid evolutionary cycle that’s a feature of the sector.
\n
\n“Compliances are a big issue for aspiring startups<\/a>,” said the official. “We are trying to see whether we can bypass the multiple laws and draft a separate legislation instead.” Already home to the fourthlargest startup community in the world, India wants to create a robust ecosystem in which entrepreneurship<\/a> can flourish as envisaged by the Startup India, Stand Up India initiative of Prime Minister Modi announced in this year’s Independence Day address. Jobs created by Indian startups are expected to rise to 2,50,000 by 2020 from 80,000, according to a Nasscom<\/a> report.
\n
The government plans to unveil a detailed Startup India plan next month. The DIPP is drawing up a clear definition for startups to ensure that the regime is available only to companies that practice innovation. This is necessary because the government is also considering tax incentives<\/a> for startups, which it doesn’t want other companies to take advantage of.
\n
\nCompanies that qualify for the tag are likely to be less than five years old, providing an innovative product or service. They will also need to conform to financial norms to ensure that the incentives are not spread too thin.
\n
The new policy will address delays in incorporation, employee stock options, lack of initial funding, cumbersome Foreign Exchange<\/a> Management Act (Fema) documentation and access to external commercial borrowings.
\n
\n“It will be a colossal help if the government can do something about this,” said Rohan Malhotra, founder of Investopad, a startup incubator and financing company.
\n
\n“In the US, you can incorporate a company in a few hours. In India, it is a nightmare to do even basic administration work.” Entrepreneurs feel their energies are sapped by the need to negotiate their way through the bureaucratic maze.
\n
\n“Most startups have a backlog on compliances and simply get a professional to handle these matters when they want to raise funds,” said Gaurav Kachru, founder, 5ideas Startup Superfuel. “Some of it is a waste of time.”
\n
Last week, DIPP held discussions with leaders of the startup community including SoftBank<\/a> president Nikesh Arora, Snapdeal CEO Kunal Bahl, Oyo Rooms founder Ritesh Agarwal and former Infosys director Mohandas Pai to draw up a list of action points.
\n
\nET View: Now, Here’s a Lazy Startup Gesture!
\n
\nOpen Sesame would be even better, but that doesn't work in real life. New companies will have to comply with state-level and even municipal-level regulation, and it is difficult to see how one single central law can subsume all these — unless the new central law says the new startup will obtain such and such clearance from so and so at the municipal level or the state level. In which case, the law would be superfluous. The point is to make these clearances fast and predictable, not to do away with them. No single state has a complete list of all the clearances\/permits required to set up a new business. Passing a new law is lazy pretence, not real improvement of the ease of doing business.\n\n<\/body>","next_sibling":[{"msid":49639081,"title":"'Brijmohanji's valuable lesson forced me to pause, consolidate and then move on'","entity_type":"ARTICLE","link":"\/news\/industry\/brijmohanjis-valuable-lesson-forced-me-to-pause-consolidate-and-then-move-on\/49639081","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":49640613,"entity_type":"ARTICLE","title":"Modi government to provide launchpad for disruptive ideas: Startup Act in works","synopsis":"At the heart of the initiative is distilling the cumbersome process of compliances under 22 different laws into a two-page Startup Act.","titleseo":"industry\/modi-government-to-provide-launchpad-for-disruptive-ideas-startup-act-in-works","status":"ACTIVE","authors":[{"author_name":"Ruchika Chitravanshi","author_link":"\/author\/479237201\/ruchika-chitravanshi","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479237201.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479237201,"author_name":"Ruchika Chitravanshi","author_seo_name":"ruchika-chitravanshi","designation":"Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2015-11-03 11:37:30","lastupd":"2015-11-03 11:39:38","breadcrumbTags":["industry","Narendra Modi","Nasscom","Foreign exchange","Entrepreneurship","Startups","Softbank","tax incentives"],"secinfo":{"seolocation":"industry\/modi-government-to-provide-launchpad-for-disruptive-ideas-startup-act-in-works"}}" data-authors="[" ruchika chitravanshi"]" data-category-name="Industry" data-category_id="18" data-date="2015-11-03" data-index="article_1">
新德里:莫迪政府想要提供一个强大的发射台创业公司大大简化了规则并确保创新者能够利用这样一个有利环境,从而释放创业活力和创造就业机会。的核心计划是蒸馏的繁琐过程在22个不同的法律遵从性成两页的创业行为,一位高级政府官员告诉ET。工业政策和促销(DIPP)希望把印度变成一个启动的避风港。
计划穿过灌木丛的规定,抑制创造力和特技的快速进化周期行业的一大特点。
为有抱负的“遵从性是一个大问题创业公司,”这位官员说。“我们想知道我们是否可以绕过多个法律和一个单独的立法草案。”
已经是世界上第四大创业社区,印度希望创建一个健壮的生态系统创业可以设想的启动印度,印度的总理站起来莫迪宣布在今年的独立日地址。工作由印度公司预计将上升到2,50000从80000年到2020年,根据一项行业协会报告。印度政府计划推出一个详细的创业计划下个月。DIPP是制定一个明确的定义对于创业公司来说,以确保政权是只提供给公司实践创新。这是必要的,因为政府还在考虑税收优惠对于创业公司来说,它不希望其他公司利用。
公司符合标签可能不到5岁,提供一个创新的产品或服务。他们还需要符合财务规范,确保激励不过于分散。
新政策将在公司解决延误,雇员股票期权,初始资金缺乏,麻烦外汇管理法案》(Fema)文档和访问外部商业借款。
“这将是一个巨大的帮助,如果政府可以做些什么,”说Rohan Malhotra Investopad创始人创业孵化器和融资公司。
“在美国,你可以把一个公司在几小时。在印度,这是一个噩梦甚至基本的管理工作。“企业家感到他们的能量就会被削弱了需要协商通过的官僚迷宫。
“大多数创业公司积压在遵从性和简单地得到一个专业来处理这些问题当他们想要筹集资金,“Gaurav的卡克说,启动Superfuel创始人5的想法。“一些浪费时间。”
上周,DIPP与创业社区的领导人包括举行了讨论软银总统Nikesh Arora, Snapdeal首席执行官Kunal巴尔欧房间创始人:阿加瓦尔和前印孚瑟斯导演莫汉达斯·拜拟定行动点数的列表。
等观点:现在,这是一个懒散的启动姿态!
芝麻开门就更好了,但在现实生活中不起作用。新公司将不得不遵守国家级甚至11月规定,,很难看到一个中央法律可以包含所有这些,除非新的中央法律规定新创业公司将获得从某某某某间隙市级或国家的水平。在这种情况下,法律将是多余的。关键是让这些间隙快速和可预测的,不做了。没有一个国家有一个完整的列表的所有许可/许可证要求建立一个新的业务。通过一项新法律是懒惰的借口,而不是真正的改善经商。
NEW DELHI: The Narendra Modi<\/a> government wants to provide a powerful launchpad for startups<\/a> by drastically simplifying the rules and ensuring that innovators are able to take advantage of such an enabling environment, thus unleashing entrepreneurial energies and creating jobs.\n
\nAt the heart of the initiative is distilling the cumbersome process of compliances under 22 different laws into a two-page Startup Act, a senior government official told ET. The Department of Industrial Policy and Promotion (DIPP) is looking to turn India into a startup haven.
\n
\nIt plans to cut through the thicket of regulations that holds back creativity and stunts the rapid evolutionary cycle that’s a feature of the sector.
\n
\n“Compliances are a big issue for aspiring startups<\/a>,” said the official. “We are trying to see whether we can bypass the multiple laws and draft a separate legislation instead.”
Already home to the fourthlargest startup community in the world, India wants to create a robust ecosystem in which entrepreneurship<\/a> can flourish as envisaged by the Startup India, Stand Up India initiative of Prime Minister Modi announced in this year’s Independence Day address. Jobs created by Indian startups are expected to rise to 2,50,000 by 2020 from 80,000, according to a Nasscom<\/a> report.\n
The government plans to unveil a detailed Startup India plan next month. The DIPP is drawing up a clear definition for startups to ensure that the regime is available only to companies that practice innovation. This is necessary because the government is also considering tax incentives<\/a> for startups, which it doesn’t want other companies to take advantage of.
\n\t <\/span><\/div>\n
\n
\nCompanies that qualify for the tag are likely to be less than five years old, providing an innovative product or service. They will also need to conform to financial norms to ensure that the incentives are not spread too thin.
\n
The new policy will address delays in incorporation, employee stock options, lack of initial funding, cumbersome Foreign Exchange<\/a> Management Act (Fema) documentation and access to external commercial borrowings.
\n
\n“It will be a colossal help if the government can do something about this,” said Rohan Malhotra, founder of Investopad, a startup incubator and financing company.
\n
\n“In the US, you can incorporate a company in a few hours. In India, it is a nightmare to do even basic administration work.” Entrepreneurs feel their energies are sapped by the need to negotiate their way through the bureaucratic maze.
\n
\n“Most startups have a backlog on compliances and simply get a professional to handle these matters when they want to raise funds,” said Gaurav Kachru, founder, 5ideas Startup Superfuel. “Some of it is a waste of time.”
\n
Last week, DIPP held discussions with leaders of the startup community including SoftBank<\/a> president Nikesh Arora, Snapdeal CEO Kunal Bahl, Oyo Rooms founder Ritesh Agarwal and former Infosys director Mohandas Pai to draw up a list of action points.
\n
\nET View: Now, Here’s a Lazy Startup Gesture!
\n
\nOpen Sesame would be even better, but that doesn't work in real life. New companies will have to comply with state-level and even municipal-level regulation, and it is difficult to see how one single central law can subsume all these — unless the new central law says the new startup will obtain such and such clearance from so and so at the municipal level or the state level. In which case, the law would be superfluous. The point is to make these clearances fast and predictable, not to do away with them. No single state has a complete list of all the clearances\/permits required to set up a new business. Passing a new law is lazy pretence, not real improvement of the ease of doing business.\n\n<\/body>","next_sibling":[{"msid":49639081,"title":"'Brijmohanji's valuable lesson forced me to pause, consolidate and then move on'","entity_type":"ARTICLE","link":"\/news\/industry\/brijmohanjis-valuable-lesson-forced-me-to-pause-consolidate-and-then-move-on\/49639081","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":49640613,"entity_type":"ARTICLE","title":"Modi government to provide launchpad for disruptive ideas: Startup Act in works","synopsis":"At the heart of the initiative is distilling the cumbersome process of compliances under 22 different laws into a two-page Startup Act.","titleseo":"industry\/modi-government-to-provide-launchpad-for-disruptive-ideas-startup-act-in-works","status":"ACTIVE","authors":[{"author_name":"Ruchika Chitravanshi","author_link":"\/author\/479237201\/ruchika-chitravanshi","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479237201.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479237201,"author_name":"Ruchika Chitravanshi","author_seo_name":"ruchika-chitravanshi","designation":"Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2015-11-03 11:37:30","lastupd":"2015-11-03 11:39:38","breadcrumbTags":["industry","Narendra Modi","Nasscom","Foreign exchange","Entrepreneurship","Startups","Softbank","tax incentives"],"secinfo":{"seolocation":"industry\/modi-government-to-provide-launchpad-for-disruptive-ideas-startup-act-in-works"}}" data-news_link="//www.iser-br.com/news/industry/modi-government-to-provide-launchpad-for-disruptive-ideas-startup-act-in-works/49640613">
\n
\nCompanies that qualify for the tag are likely to be less than five years old, providing an innovative product or service. They will also need to conform to financial norms to ensure that the incentives are not spread too thin.
\n
The new policy will address delays in incorporation, employee stock options, lack of initial funding, cumbersome Foreign Exchange<\/a> Management Act (Fema) documentation and access to external commercial borrowings.
\n
\n“It will be a colossal help if the government can do something about this,” said Rohan Malhotra, founder of Investopad, a startup incubator and financing company.
\n
\n“In the US, you can incorporate a company in a few hours. In India, it is a nightmare to do even basic administration work.” Entrepreneurs feel their energies are sapped by the need to negotiate their way through the bureaucratic maze.
\n
\n“Most startups have a backlog on compliances and simply get a professional to handle these matters when they want to raise funds,” said Gaurav Kachru, founder, 5ideas Startup Superfuel. “Some of it is a waste of time.”
\n
Last week, DIPP held discussions with leaders of the startup community including SoftBank<\/a> president Nikesh Arora, Snapdeal CEO Kunal Bahl, Oyo Rooms founder Ritesh Agarwal and former Infosys director Mohandas Pai to draw up a list of action points.
\n
\nET View: Now, Here’s a Lazy Startup Gesture!
\n
\nOpen Sesame would be even better, but that doesn't work in real life. New companies will have to comply with state-level and even municipal-level regulation, and it is difficult to see how one single central law can subsume all these — unless the new central law says the new startup will obtain such and such clearance from so and so at the municipal level or the state level. In which case, the law would be superfluous. The point is to make these clearances fast and predictable, not to do away with them. No single state has a complete list of all the clearances\/permits required to set up a new business. Passing a new law is lazy pretence, not real improvement of the ease of doing business.\n\n<\/body>","next_sibling":[{"msid":49639081,"title":"'Brijmohanji's valuable lesson forced me to pause, consolidate and then move on'","entity_type":"ARTICLE","link":"\/news\/industry\/brijmohanjis-valuable-lesson-forced-me-to-pause-consolidate-and-then-move-on\/49639081","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":49640613,"entity_type":"ARTICLE","title":"Modi government to provide launchpad for disruptive ideas: Startup Act in works","synopsis":"At the heart of the initiative is distilling the cumbersome process of compliances under 22 different laws into a two-page Startup Act.","titleseo":"industry\/modi-government-to-provide-launchpad-for-disruptive-ideas-startup-act-in-works","status":"ACTIVE","authors":[{"author_name":"Ruchika Chitravanshi","author_link":"\/author\/479237201\/ruchika-chitravanshi","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479237201.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479237201,"author_name":"Ruchika Chitravanshi","author_seo_name":"ruchika-chitravanshi","designation":"Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2015-11-03 11:37:30","lastupd":"2015-11-03 11:39:38","breadcrumbTags":["industry","Narendra Modi","Nasscom","Foreign exchange","Entrepreneurship","Startups","Softbank","tax incentives"],"secinfo":{"seolocation":"industry\/modi-government-to-provide-launchpad-for-disruptive-ideas-startup-act-in-works"}}" data-news_link="//www.iser-br.com/news/industry/modi-government-to-provide-launchpad-for-disruptive-ideas-startup-act-in-works/49640613">
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