Delhi Govt. To Set Entrepreneurship Council To Boost Startup Ecosystem In The State

After Prime Minister Narendra Modi’s ‘Startup India, Standup India’ movement, now Delhi CM Arvind Kejriwal has announced to set up an 8 member entrepreneurship council. It will be headed by Naukri.Com founder Sanjeev Bikhchandani.

It will also have members from industries and businesses as well as angel investors such as Vijay Shekhar Sharma of Paytm, Mahesh Murthy of Pinstorm and Vikas Kuthiala from IAN. Industries Minister Satyendar Jain, will be the patron for this council.

As said by Sanjeev, the idea behind this council is to convey to the government on how to create an environment friendly for entrepreneurship. “It is not just about technology start-ups by IITs or IIMs but about inclusive entrepreneurship. Our aim is to promote bottom-of-the-pyramid entrepreneurship and it could be a street vendor or a local shopkeeper,” he added.

Ashish Khetan, the DDC vice-chairman submitted the roadmap for council earlier. The council would work by taking into account feedback from existing entrepreneurs in Delhi.

The advisory body will help to promote ease of doing business, boost new enterprises, fund startups and create new jobs in the city. The recommendations would be focused upon creating a suitable policy for all including newbies, SME’s as well as larger ones.  The council will work under the aegis of Dialogue and Development Commission of Delhi (DDC), and will have three months to submit their report.

The step was taken in order to stop brain drain from Delhi. “if approved by the Centre, this would also provide a fillip to the businesses in the city, many of which have moved to Noida and Gurgaon despite being founded here,” said Kejriwal in a statement.

He also approved of taking help from centre’s ongoing startup promotion movement, Startup India. “But the focus will be inclusive. We want startups to grow in a big way through aggregation and will make available the necessary capital and environment,” he added.

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