Top News

Karnataka to be first Indian state to introduce start-up council

Karnataka is all set to become the first state to have a dedicated council
for start-up businesses.

 

The plan, which was on the drawing board in August, is now taking shape
and the department of commerce and industry is preparing a concept note. The
start-up council will work on a policy to provide easy clearance to emerging
businesses, besides having a dedicated set of officials to deal with the same.

 

Karnataka is all set to become the first state to have a dedicated council
for start-up businesses.

 

The plan, which was on the drawing board in August, is now taking shape
and the department of commerce and industry is preparing a concept note. The
start-up council will work on a policy to provide easy clearance to emerging
businesses, besides having a dedicated set of officials to deal with the same.

 

“The policy will also look into state investment for start-up
infrastructure, incubation centres and similar facilities. Many details need to
be worked out,” a government official said.

 

“One round of consultation with industry experts and startups was
completed early this month. We have asked officials to prepare a concept note
in consultation with the industry, following which we can speak about how
everything will shape up,” additional chief secretary K Ratna Prabha was
quoted as saying by the Times of India.

 

Sources close to the development said many start-up heads, at a recent
meeting to discuss the creation of the council, were of the view that getting
licences and certificates, and the whole process of renewal were time-consuming
and not industry-friendly.

 

Among other things discussed was the fact that several start-ups operate
from houses in residential areas, causing problems for residents. So it was
proposed that once a start-up crosses 10 to 15 employees, it should move to a commercial
area to prevent this, one of the sources said.

 

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close