Latest news with #StartupIndiaPolicy
Time of India
15-05-2025
- Business
- Time of India
Ran dist launches prog to nurture enterpreneurs
1 2 3 4 Ranchi: The Ranchi district administration on Thursday launched an entrepreneurship programme to identify, nurture, and inspire 100 local talents to create innovations. DC Manjunath Bhajantri said, "Jharkhand, especially Ranchi, holds immense entrepreneurial potential due to its rich natural resources, skilled artisans, and a young population. The region fosters innovation in agriculture, handicrafts, and mining sectors. With increasing access to digital tools and govt support, Ranchi is emerging as a promising hub for local entrepreneurship development. With the initiative, we are not only launching a programme but shaping dreams." "Applicants can visit the website, he added. The Indian Startup Association (ISUA) submitted a recommendation to the Union minister of state for defence and Ranchi MP, Sanjay Seth, urging the inclusion of start-ups in military engineering services (MES) tenders. ISUA national president Rathin Bhadra cited the critical gap in the implementation of the 'Startup India Policy' as start-ups are excluded from participating in MES tenders.
Hindustan Times
30-04-2025
- Business
- Hindustan Times
Chandigarh startup policy finally powers up after 7-year wait
After seven years of being stuck in the pipeline, the much-anticipated Chandigarh Startup Policy 2025 was finally launched by the UT administration on Tuesday, promising a bunch of incentives—from idea to seed stage grants and further financial support to give wings to local entrepreneurial initiatives. The city-specific policy was launched by Punjab governor and UT administrator Gulab Chand Kataria in the presence of chief secretary Rajeev Verma, mayor Harpreet Kaur Babla, deputy commissioner Nishant Yadav, principal secretary to Punjab governor Vivek Pratap Singh. The ceremony, held at Punjab Raj Bhawan, also saw members of eminent institutions such as Panjab University, Punjab Engineering College, PGIMER, STPI, ISB, IISER Mohali, IIT Ropar and NABI in attendance. Among the participants were startup founders, budding entrepreneurs, representatives from industrial associations such as CII, PHDCCI, ASSOCHAM, CAN, TiE, Punjab Angels Network and Innovation Mission Punjab and other Chandigarh-based associations. Kataria said the policy had been designed as per the vision and consistent efforts of Prime Minister Narendra Modi since 2016. Just like Pune, Bengaluru and Ahmedabad, our City Beautiful Chandigarh can too become a startup hub, he expressed. 'Today's youth are already talented and tech-driven, and just need support. The startup policy of Chandigarh will engage youth in a positive and innovative direction, generate employment opportunities and also help the region become drug free,' he added. The policy had first begun taking shape in 2018, two years after the Prime Minister unveiled the Startup India Policy, and urged UTs and states to draft their own policies, tailored to the needs of regional entrepreneurs. However, due to several flip-flops, the UT missed multiple deadlines for implementing the policy. Last year, the administration was planning to launch the policy by the end of October, around Diwali. However, the UT finance department raised some queries, stalling its launch. As per the policy guidelines, a startup will cease to be eligible for benefits after completing 10 years or if its turnover exceeds ₹100 crore in any previous financial year. If any complaint of fraud or misrepresentation arises, the matter will be presented before a high-power committee for consideration.
Hindustan Times
28-04-2025
- Business
- Hindustan Times
Chandigarh's startup policy to finally take off tomorrow
Hanging in the balance for seven years, Chandigarh's much-awaited startup policy will finally be unveiled on Tuesday. The policy will be a game changer for entrepreneurs and boost economic growth in the UT, said deputy commissioner Nishant Kumar Yadav, who is also the secretary, industries. Chandigarh administrator Gulab Chand Kataria will roll out the policy on April 29, which will be valid for five years. Stakeholders will also be present during the launch. The policy had first begun taking shape in 2018, two years after Prime Minister Narendra Modi unveiled the Startup India Policy and urged UTs and states to draft their own policies, tailored to the needs of regional entrepreneurs. But UT's policy could not take off and missed multiple deadlines due to the administration's flip-flops. In August 2023, the issue was raised in the Lok Sabha, with Minister of State for the Ministry of Commerce and Industry Som Parkash revealing that Chandigarh has 335 startups, recognised under the Startup India Initiative. UT had earlier planned to launch it by the end of October 2024 but failed to finalise it.
