Government Sets Up Team for Policy Directives on Startup Ecosystem

The government has constituted a team which will assist in policy formulations for creating a conducive ecosystem for startups, Parliament was informed Monday.

Besides, the Centre has also appointed a consulting agency to help the team in its work, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

After the ambitious 'Make in India' drive, Prime Minister Narendra Modi in his Independence Day speech had announced a new campaign 'Start-up India, Stand up India', aimed at promoting entrepreneurship in the country.

Replying to a separate question, she said that India has imported electronics goods worth Rs .1,32,976.76 crores during April-September this year, against Rs. 2,29,615.17 crores in 2014-15.

Answering a question on DMIC project, she said the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC), the implementing agency, has received the feasibility report in respect of Shendra Ecocity and other industrial cities.

DMICDC has also received the feasibility study for the decentralised smart service multi-infrastructure station/pilot project for the Shendra Ecocity, which was conducted by Japanese consortium as part of the smart community projects in Maharashtra.

The DMIC project is aimed at creating mega industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor, which is under implementation. It is being developed on either side of a 1,483-km stretch, running across the seven states.