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National News

Jan 26, 2019

Govt has taken multiple steps to boost startup ecosystem in country: PM Modi

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Prime Minister Narendra Modi has said, the government has taken multiple steps such as Startup India and regulatory reforms to boost the startup ecosystem in the country.

In an interview to a news website, Mr Modi said, if India is the second-largest startup ecosystem, it is because of the people of the country especially the youth, whose energy and innovation are putting it on the top of the world map.

The Prime Minister said, the government has streamlined regulatory mechanisms, amended the definition of startups, enhanced tax exemptions and reduced tax rates enabling faster exits for promotion of startups.
Mr Modi also said, New India is about aspirations and opportunities and rule-based governance model rather than a discretion-based one.

He said, one can see a glimpse of this in several areas of NDA government's working ranging from achieving the target of rural electrification to rural roads construction.
Mr Modi also lauded the youth, saying youngsters from India are doing wonderful things both in India and internationally. He said he dreams of a young India that is not constrained by any limitations whatsoever.

The Prime Minister said, he wants the youth of the country to lead a life filled with hope and opportunity and the government is doing everything possible to give them that platform where they can excel. 


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