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Young startups promoting heritage should get incentives from state govts: Minister
Young startups promoting heritage should get incentives from state govts: Minister
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By Amit Bhandari, Fellow, Energy & Environment Studies Programme, The Gateway House: Indian Council on Global Relations 25-August-2017
To promote a culture of entrepreneurship, Union Minister Jitendra Singh urged the state governments to come forward with exclusive incentives for young startups which traditionally identifies with the culture and heritage.
Inaugurating the 3-day “StartUp Expo 2017” at Pragati Maidan, the Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh called for indigenous startups initiatives.
“Prime Minister Shri Narendra Modi’s startup initiative has the capacity to open new avenues of employment. Also, it can serve the rich cultural and traditional heritage of India,” the minister said.
He applauded the Ministry of DoNER for offering “Venture Capital Fund” to young startup willing to set up a unit in one of the North-Eastern states.
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