This is basically because the government is planning a series of measures in the coming months to instill confidence among talented youngsters willing to take up start-up projects having social relevance and extending benefits to the common man.
Its good for the local bodies also, as they can also reap the benefit of increased revenue through such joint ventures. Other expected returns include enhanced food production and infrastructure development and increase in local commerce.
So far there has been an focus on the IT sector. The latest move is part of the continuing efforts to change archaic policies to encourage young entrepreneurs to invest their talents and skills in agriculture and food processing sectors.
The government is seriously considering certain policy changes that would permit the young entrepreneurs to use its fallow and unproductive land for long-term lease at concessional rates.
Oh yes. The 18-member delegation, comprising healthcare specialists and industry leaders, held talks with Startup Village representatives to establish business partnerships with young entrepreneurs here for finding innovative solutions to address the challenges faced by the U.K.’s healthcare sector.
Despite all these setbacks, I'd say that we are seeing a lot of progress on the Startup Village front. The representatives from there just held discussions with a delegation from the United Kingdom to explore the possibility of start-ups providing technological support to the British healthcare industry.
Yes, even I think that the B2B (business to business) meets conducted by the government in recent years as part of major investment meets, with the proclaimed aim of helping small industries, have not borne fruit
Another problem is the lack of proper facilities. The government’s industrial estates do not have the necessary facilities such as good road accessibility and adequate power supply. Various entities formed by the government to encourage small industries are functioning like real estate agencies
Also, small industries require 14 licences; there is single-window clearance system for getting the licences, but never has the one-time clearance thing happened
Oh yes definitely. Pollution is another major headache to most of the manufacturing units. Unless its an IT related business, most investors are not interested in backing up the MSME entrepreneurs.
Yes they are helping out. But the whole process is so elaborate, there are a million things to take care of before starting your business. For example Getting suitable land is a herculean task for the newcomer.
kochi govt is doing their bit in trying to help out and encourage young entrepreneurs in their goal. Just recently the government organised a grand Young Entrepreneurs Meet (YES) here recently, to encourage start-ups.