Startup Portal to Be Launched Next Week, Says DIPP

Startup Portal to Be Launched Next Week, Says DIPP
In order to encourage entrepreneurs and further ease doing of business in India, the government said on Friday that a web portal for startups will launched by next week, which would also begin their registration process.

"In another week's time, we are going to start the startup portal and the process of registration of start-ups also," Ramesh Abhishek, secretary of the Department of Industrial Policy and Promotion (DIPP), said at a post-budget interaction in New Delhi organised by the Federation of Indian Chambers of Commerce and Industry (Ficci).

"We are also working with state governments to ensure that self-certification work in case of labour and skill development laws are put in place for start-ups," he said.

Besides the Startup India initiative launched earlier this year, the DIPP has issued the definition of start-ups and is making it easier for them to file patent applications, Abhishek added.

The Union Budget for 2016-17, presented on Monday, proposed full tax exemption for startups for three years.

Besides, a special patent regime has been proposed with a 10 percent rate of tax on income from worldwide exploitation of patents developed and registered in India in order to promote innovations

The Startup India action plan has proposed a "Fund of Funds" to raise Rs. 2,500 crores annually for four years for financing startups.


For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Trolls Who Impersonate Others Online Could Face UK Charges
India Funding Roundup: A Smart Wheelchair Maker, Proximity Marketing App, and More
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News


Follow Us
© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »