CAs urged to help bring about a spirit of entrepreneurship
The government has created a Fund of Funds for Startups with an initial corpus of Rs.10,000 crores for funding promising Startups in their early-stage funding requirement, Commerce and Industry Minister Piyush Goyal said at the ICAI’s Startup Manthan 2.0.
The Government’s e-Marketplace provides an equitable opportunity to Startups to offer their services and products to all Government enterprises across the country, he said on 8 Dec 2020.
India is set on the path of becoming self-reliant and startups are leading the way, he pointed out.
“We are at the critical juncture of human history where our actions shall directly impact billions of people. Our entrepreneurs can create a golden era where our startups with their commitment, vigour and perseverance make India a leader across all sectors. As the Startups work hard, we will support them in their endeavour,” the minister said.
Creativity, Innovation, Invention and Development is the foundation and mandate of New India, he underlined.
“In this new normal we need long-term sustainable solutions to become self-reliant. We had launched the Startup India initiative in 2016 to create an ecosystem of innovation, invention and enterprise. India now houses the 3rd largest startup ecosystem in the world.”
Goyal called on the country’s Chartered Accountants (CAs) to help bring about a spirit of entrepreneurship, even in remote villages and towns.
The Chartered Accountants working in partnership with the Government can ensure great successes for the people of India and the country in the years to come.
“Our Chartered Accountants have that competitive edge when it comes to serving the startup ecosystem”. #startups #technology #projects #investment /fiinews.com
