The northern European country of Estonia considers Gujarat as one of its key focus markets for its e-Residency Programme this year. According to an ET report, Riho Kruuv, ambassador of the Republic of Estonia to India, is looking to enrol over 100 startups and freelancers from the state in the programme this year.
Earlier, in March 2018, Inc42 reported that in the e-Residency programme, startups are considered “trusted location-independent EU companies” and, hence, they can access Estonia’s advanced and secured digital infrastructure along with all the tools required to grow globally.
Estonia believes that startups can now grow their businesses with access to the entire EU market and, therefore, it terms e-Residency as a Make in India and Sell in Europe idea.
Estonia is the first country in the world to introduce an e-Residency Programme “that offers startups access to a government-issued digital ID, thus enabling the opening of a global EU company fully online while working from India.” It was launched in December 2014 and as of date has over 30,000 e-residents from 140 countries.
Overall, the EU markets offer a huge scope of growth for startups operating in fields such as healthcare, IT/ITeS, tourism, business/technology consulting, and e-commerce, among others.
“We see huge potential in Gujarat and the state is one our key focus markets for this year. We are keen to work closely together with the entrepreneurs from the state and help create a sustainable startup ecosystem in the state,” added Riho.