India is set to become one of the most attractive destinations for startups and businesses in coming years, Union minister Jitendra Singh said today. According to the minister, the entrepreneurship potential of Indian youth is now being realised on account of the conducive environment created by the current government. “Entrepreneurship potential of India which was not being realised (earlier)… is now being realised. So, that kind of milieu has been provided by the present government,” he told reporters on the sidelines of an Assocham conference. He put it all to Prime Minister Narendra Modi’s “proactive outreach” behind India’s attractiveness, which is not just making foreign investors eye India, but prompting many Indians who went abroad making a comeback.
The minister of state in the Prime Minister’s Office said more and more youngsters from across India are approaching the Union government to set up startups in north-eastern states under the Startup India, Standup India programme. “Any youngster who decides to set up startups in the North-East will in addition to all the provisions available in the Government of India programme will get initial venture capital fund from the North-East ministry so that they do not have any financial liability,” said Singh, addressing the conference. The government is also building the necessary infrastructure to promote north-eastern states as a favourite destination of startup ventures in the country.