startup

How Businesses Reacted to Start-Up India Mission

With the launch of Prime Minister’s ambitious Start-Up India mission businesses across the nation have welcomed ‘Startup India, Stand Up India’ with much positive sentiment:

How Businesses Reacted to Start-Up India Mission

Rahul Jalan, Director, indiaonline

Rahul Jalan, Director, www.indiaonline.in: “Honourable Prime Minister Narendra Modi’s ‘Start Up India, Stand Up India’ initiative will simplify the things and doing business in India will be easier than ever. Finance Minister Arun Jaitley has promised that he is going to announce a friendly tax regime in the Union Budget next month, which is really a big relief for the corporate sector.”

Tarun Wig, Co-Founder, Innefu Labs

Tarun Wig, Co-Founder, Innefu Labs

Tarun Wig, Co-Founder, Innefu Labs: “Liberal and friendly economic policies pertaining to taxes, registration and foreign investment proposals will help businesses a lot to perform and sustain both in domestic and international market.”

Govind Bansal, Co-founder, Aqua: “Due to a slow procedure consumers are deprived of good options and businesses are unable to meet the market demand with the right product at a right time. As Finance Minister Arun Jaitley has ensured that it is a final break from the conventional Licence Raj of India, we expect that things will be easier and simpler in future.”

Sony Joy, Founder and CEO, Chillr, (a mobile app for peer-to-peer and peer-to-merchant payment to anyone in the phonebook): “It is great to see the nation finally giving the much needed attention to the startup space.

Government should make the necessary changes in the company laws to make incorporating startups, fund raising, issuing sweat equity etc. a lot more easier so that entrepreneurs can focus on running the business than spending time with consultants and lawyers. Reliable, fast Internet and ubiquitous mobile connectivity are the basic necessity for our startups to build compelling value propositions for the global audience. It is imperative that government helps & enforces telecom operators and ISPs to provide quality services. Giving incentive to citizens for using digital means of reaching out to government departments and making payments digitally can go a long way in reducing corruption and increasing the efficiency of the economy. Many advanced countries have in the past offered such discounts to boost digital payments at retailers and these measures have helped them earn great economic dividends later on.”

Anurav-Rane-Founder-and-CEO-PlanMyMedicalTrip

Anurav Rane Founder and CEO PlanMyMedicalTrip

Anurav Rane, CEO, PlanMyMedicalTrip.com: “The PM’s speech was like an icing on the cake. While the entire summit was aimed at promoting startups, our expectations were limited to motivating the youngsters in taking initiatives for doing something they believe in. However, we truly feel that this summit has been worthwhile after listening to the announcements made by the PM. Policies like No Capital gain, No Taxes for three years and most importantly the Startup Fest will allow us to build a healthy collaborative environment with an aim to grow in this competitive world.”

Sean Blagsvedt, Co-Founder & CEO, Babajob.com, “We are incredibly excited about the Startup India Action Plan announcement, which literally has dozens of policy innovations to foster more creative startups. At Babajob, we can’t wait to help connect India’s aspiring millions with jobs at the next generation of startups; I only wish the plan was in place when we started.”

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