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PM Narendra Modi unveils #StartupIndia action plan
#StartupIndia: PM Modi interacts with Start-up entrepreneurs
#StartupIndia: 10 Start-up innovators share their thoughts and experiences with PM Modi
Successful start-ups are created by those who are driven by idea & urge to solve a problem that people face: PM
#StartupIndia: Youth of India must turn from job-seekers to job-creators, says PM Modi
#StartupIndia: Start up fund of Rs. 10,000 crore to be created for funding of Start-ups
#StartupIndia: Start-ups to be exempted from paying income tax on their profit for the first 3 years
#StartupIndia: Government working towards fast-tracking of Start-up patent applications
#StartupIndia: Atal Innovation Mission to be launched to give a boost to innovation

The Prime Minister, Shri Narendra Modi, today launched the Start-up India initiative in New Delhi. The launch by the Prime Minister this evening, was preceded by a day-long workshop on various aspects of entrepreneurship.

The Prime Minister visited a virtual exhibition and interacted with Start-up entrepreneurs. 10 outstanding Start-up innovators shared their thoughts and experiences before the Prime Minister delivered his address. He said that when he had launched the Start-up India Initiative on 15th August, the announcement had virtually gone unnoticed, but today it had registered with people.

He said successful start-ups are usually created by those who are driven by an idea, or an urge to solve a problem that people face. He said making money is not the primary objective, but is often a by-product. He said Start-up innovators are often driven by a sense of compassion for others.

The Prime Minister said he wishes to turn the youth of India from job-seekers to job-creators. He said if a Start-up can offer employment to even five people, it would be doing a great service to the nation. He mentioned some areas where youth innovators should focus, including crop wastage, and cyber security.

The Prime Minister unveiled the highlights of the Start-up Action Plan. He said a dedicated Start-up fund worth Rs. 10,000 crore will be created for funding of Start-ups.

He said Start-ups will be exempted from paying income tax on their profit for the first three years. He said the Government is working on a simple exit policy for Start-ups. He also said the Government is working towards fast-tracking of Start-up patent applications.

He announced an eighty percent exemption in patent fee for Start-up businesses, and said a self-certification based compliance system for Start-ups would be introduced for 9 labour and environment laws. He said the Atal Innovation Mission will be launched to give a boost to innovation.

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PM interacts with leaders of pharma industry
April 19, 2021
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PM Modi appreciates the crucial role of the pharma sector in the fight against the pandemic
It is because of the efforts of the pharma industry that today India is identified as ‘pharmacy of world’: PM Modi
Despite all the challenges, the Indian pharma industry has also registered a growth of 18 percent in exports last year, which shows its potential: PM

Prime Minister Narendra Modi interacted with leaders of pharmaceutical industry via video conferencing. The Prime Minister appreciated the crucial role of the pharma sector in the fight against the pandemic.

PM Modi appreciated the way the pharma industry is working even in such trying conditions.

PM Modi remarked that it is because of the efforts of the pharma industry that today India is identified as ‘pharmacy of world’. He said essential medicines were made available to more than 150 countries around the world during the pandemic. The Prime Minister stated that despite all the challenges, the Indian pharma industry has also registered a growth of 18 percent in exports last year, which shows its potential.

Noting the second wave of the virus and rising number of cases, PM Modi commended the pharma industry for their efforts to increase production of several necessary drugs. He appreciated them for reducing the price of injections like Remdesivir. To keep the supply of medicines and essential medical equipment going smoothly, PM Modi urged the pharma industry to ensure seamless supply chains. PM Modi also extended government’s support for facilities like Logistics and Transportation.

He urged the industry to conduct more and more researches on threats which can occur in the future along with Covid. This, he said, would help us take the lead in combating the virus.

Seeking cooperation from the pharma industry, PM Modi assured that government is undertaking reforms for new drugs and regulatory processes.

The leaders of the Pharma industry appreciated the proactive help & support received from the Government. They highlighted the efforts made over the last one year in ensuring availability of drugs keeping manufacturing and logistics operational. Operations at the pharma hubs for manufacturing, transportation, logistics and ancillary services are being maintained at optimum levels. The participants also share inputs on the measures being undertaken to meet the overall medicine demand in the country despite the unprecedented increase in demand for some drugs  the COVID Treatment Protocol.

The meeting was also attended by Union Health Minister Shri Harsh Vardhan, MoS (Health) Shri Ashwini Kumar Choubey, Union Minister Chemical and Fertilizer Shri D.V. Sadananda Gowda, MoS (C&F) Mansukh Mandaviya, Principal Secretary to PM, Dr V K Paul Member (H) NITI Aayog, Cabinet Secretary, Union Health Secretary, Union Pharmaceutical Secretary, Dr Balram Bharagava, DG ICMR, amongst other officers from Ministries / Departments of Central Government.