Brief
about “Stand Up India”
Prime
Minister Narendra Modi is leading an ambitious bid to take India to the head of
the Global entrepreneurship by offering
a) Tax incentives for
the investors and ESOPs for employees;
b) Incubation centers (they
provide support functions, mentorship and resources to individual entrepreneurs
and to their set ups; giving the all the expert advice and technical guidance);
c) Single window
clearance;
d) Amendment to the
bankruptcy laws to ease entry and exit norms; and
e) Changes in the
intellectual property rights
Also,
the government wants to direct their startup energy toward 25 focus areas which
were identified in Make in India plan which extends to textiles, leathers, gems
and jewellery.
This
initiative will lead to investment of $5 billion in India
