Nasscom partners with govt to hold ‘Startup India, Stand up India’ event

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CHENNAI: Nasscom 10,000 Startup Program has partnered with department of industrial policy and promotion (DIPP), Government of India, along with other partners to host ‘Startup India, Stand up India’ event in Delhi on January 16.
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The event will be addressed by Prime Minister Narendra Modi, Union ministers Arun Jaitley and Nirmala Sitharaman and DIPP secretary Amitabh Kant.
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According to a Nasscom report titled ‘Startup India-Momentous- Rise of the Indian Startup Ecosystem,’ India has emerged as the youngest startup nation in the world with over 72% of founders being less than 35 years old. The country has more than 4,200 startups, making it the third largest startup base worldwide.
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In order to foster innovation and support entrepreneurship, Nasscom has been closely partnering with the government in various entrepreneurship led initiatives.
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In line with the Prime Minister’s vision of making India a hub for cyber-security related research, training and products, Nasscom created a cyber security task force last year. Further, in partnership with TiE Silicon Valley and IIM Ahmedabad’s CIIE India, Nasscom also hosted the first India-US Startup Konnect in Silicon Valley in September 2015.
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Now, Nasscom is supporting the government’s largest startup programme for the country. The aim of the initiative is to make India the largest startup hub in the world which will further help drive the country’s economy towards better results.
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Nasscom has also partnered with institutions and authorities like RBI and STPI to help create a robust ecosystem for the startup landscape. In line with this, Central Board of Direct Taxes (CBDT) has simplified filing information on foreign remittances to non-residents where threshold has been enhanced from Rs 2,50,000 to Rs 5,00,000.
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The RBI has designated an email id to receive queries from startups in an effort to offer helpdesk services to startups. The RBI also notified a simple summary sheet on export transactions for the purpose of softex approvals. With the launch event for ‘Startup India, Stand up India on January 16th, the entire ecosystem is hopeful that more of such start-up friendly announcements will be made.
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“The Indian startup ecosystem is only going to get bigger and better with the Startup India, Stand up India mission. We are happy to partner with the Government of India to nurture this ecosystem and thereby support their endeavour to make India the largest startup ecosystem in the world. This is something for which every entrepreneur was waiting and finally when the mission is all set to start, we hope that it’s definitely going to make way for better opportunities and prospects,” R Chandrashekhar, president, Nasscom, said.
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The day-long event will also see presence of more than 2,000 leaders from the world of startups including Deepinder Goyal, founder, Zomato, Pranay Chulet, CEO & co-founder, Quikr, Masayoshi Son, founder & CEO, Softbank, Travis Kalanick, founder, Uber, among others.

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