Start Up India
India is a country where there is no dearth of talent or resources. So what is that is pulling us back from being the entrepreneurial hub or even a hot spot for business? The land of opportunity – The USA is standing tall and boasts high of it entrepreneurial culture and it also reaps the benefit of that congenial environment. Perhaps one big factor or rather obstacle which keeps us adrift from success is the red-tapism and lack of proper support from the government to start something new. Here, everybody thinks as a job seeker and not as a job creator. This innate sense of approach towards job is the result of years of subjugation and mundane approach from the government when nobody thinks of anything new. The tedious paper work and the fear of filing proper intellectual rights keeps the innovator far from making it big. But times have changed and the recent think tanks under the vibrant leadership of Prime Minister Mr. Narendra Modi is fighting all odds and taking the challenge on themselves to speed up the entrepreneurial process and bring a smile in the faces of the ones who have not taken the trodden path. The government has promised to bear the cost of filing patents and also to relax the norms of start-ups. This care of handling the protective cover by the top administration brings a sigh of relief for the innovators. A credit guarantee firm has also been established to support them financially. Such boost was very much required and has been received enthusiastically by the innovators. We hope to see more and more start-ups in India not only in online sector which already has kicked off in a superb fashion but also in other manufacturing and services sectors. Time is not far when India would be providing competition in the list of Fortune 500 companies which is now dominated by companies originating from U.S., Japan and other developed nations.
RS 178, Dept. of Management Studies