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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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Virtual meeting between PM Modi and PM of Cambodia
May 18, 2022
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Virtual Meeting between Prime Minister Shri Narendra Modi and H.E. Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of Cambodia

Prime Minister Shri Narendra Modi held a virtual meeting today with H.E. Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of Cambodia.

The two leaders held discussions on the entire range of bilateral issues, including cooperation in the fields of trade and investment, human resource development, defence and security, development cooperation, connectivity, post-pandemic economic recovery and people-to-people ties. They expressed satisfaction at the pace of bilateral cooperation.

PM Hun Sen emphasised the importance that Cambodia attaches to its relations with India. Prime Minister Modi reciprocated the sentiment and stressed Cambodia’s valued role in India’s Act East policy. The leaders reviewed the robust development partnership between both countries, including capacity building programmes and Quick Impact Projects under the Mekong-Ganga Cooperation framework. Prime Minister Modi also highlighted the historical and civilizational links between the two countries and expressed his happiness at India’s involvement in restoration of Angkor Wat and Preah Vihear temples in Cambodia, which depict the cultural and linguistic connect between the two countries.

Prime Minister Hun Sen thanked India for providing 3.25 lakh doses of Indian-manufactured Covishield vaccines to Cambodia under Quad Vaccine Initiative.

The two leaders complimented each other on the 70th anniversary of the establishment of diplomatic relations between India and Cambodia being celebrated this year. As part of these celebrations, Prime Minister Modi invited His Majesty the King of Cambodia and Her Majesty Queen Mother to visit India at a mutually convenient time.

The two leaders also exchanged views on regional and global issues of shared interest. Prime Minister Modi congratulated Cambodia on assuming the Chairmanship of ASEAN and assured India’s full support and assistance to Cambodia for the success of its Chairmanship.