The federal government is able to speak with the startups who’re considering transferring abroad and handle their points as a lot as it will possibly to assist them keep in India, Union Finance Minister Nirmala Sitharaman stated on Tuesday.
Prime Minister Narendra Modi, she instructed a think-tank right here, has himself engaged with startups and the federal government’s insurance policies have created an enabling surroundings because of which there are greater than 100 unicorns in India.
“I’ve engaged, the Prime Minister with the startups to know what they need from India. And we stored as a lot as attainable addressing their issues. Now because of which, not purely because of which, but in addition due to which, you noticed your Unicorns coming to achieve 100 in quantity throughout the yr of 2020 and 2021,” she stated in response to a query on the prestigious Brookings Institute think-tank.
“I’ve heard this from others as effectively. They (startups) are transferring to Singapore, they’re transferring to the UAE. Nicely, in the event that they wish to speak to the Authorities of India and say, look, we had been transferring to Singapore, but when we had been to do that, we’d be fairly pleased to be right here. And after listening to it if it’s attainable, we’ll actually attend to them,” Sitharaman stated when requested in regards to the profitable Indian startups transferring in another country.
“So I might suppose steady engagement with the startups is what’s going to assist them to stay and do higher inside India. However, if there are temptations for which they’d wish to go exterior, we have to perceive how a lot we are able to entertain and serve on these programs. Not all of them are attainable however equally, we are able to strive,” Sitharaman stated.
Responding to a different query, the finance minister stated the Indian authorities is taking particular efforts to encourage startups within the Northeast.
“I bear in mind myself having had conferences with chief ministers of these areas about startups and IIT Guwahati, notably, has plenty of interplay with business and likewise encourages by throwing up challenges for the startups to provide you with options,” she stated.
“Because of this, I discover within the Northeast this distinctive, very typical for the Northeast sort of options emanating from startups that are arising in that space,” she added.