The Department of Industrial Policy and Promotion (DIPP) will open registration process for start ups and venture funds from India and abroad next week in a bid to connect to investors and give start ups access Indian and global markets.
“The government is fully behind start ups and provide them full support in form of equity and debt cover up, but at present most of the venture funds to start ups in the country are coming from abroad , to attract venture capital from India as well as abroad, the registration will open from March 15 till March 31. DIPP will advertise and generate awareness for registration,” said Ramesh Abhishek , Secretary, DIPP.
The Secretary was speaking at a workshop on Intelligent Transport System (ITS) organised by the International Road Federation (IRF) on March 7.
“India already has technology start ups which have developed various apps. India needs more start ups working for rural India, agriculture, health and the transport sector. The future of transport will be connectivity and more start ups need to come up for helping drivers and easing traffic jams,” Abhishek said, according to a release.
The government plans to set up 200 more ‘Tinkering Labs’ in various schools across India in addition to 257 already set up, the Secretary added.
Source: The Hindu Business Line
