Page 61 - MSME August 2016
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News The aim of the conference was to serve as Startup India initiative and the Startup ecosystem a platform for all States to discuss the progress, as a whole. policies and good practices they have made on the Startup India initiative. State Governments While the Startups shared their growth of Telangana, Gujarat, Rajasthan, Kerala and stories and expectations from the government, the Karnataka presented the initiatives undertaken investors deliberated on access of funds in different by them to promote Startups. The state of stages of the Startup life-cycle. Frameworks and Karnataka pointed out that it ranks among the models to provide infrastructure, monitoring and world’s top twenty startup ecosystems. While hand holding to startups were discussed by a panel Rajasthan stressed on the fact that Jaipur is one of of selected Incubators.The Startups had positive the top 10 cities in India for startup investments. feedback for the Startup India initiative and stated Telangana announced that a dedicated defense that the present government is actively promoting and aerospace incubator will be launched in the startup ecosystem. IIT Hyderabad. Many more impressive reforms The Ministry and various departments were pointed out in the presentations. working on Startup India initiative discussed on Shri Ramesh Abhishek, SIPP urged all the implementation ofthe Startup India Action Plan states to set up Incubators and Startup hubs and and way forward. 13,500 applications for setting said that he is proud of the progress that the up of new tinkering labs in schools have been national initiative has made and how the Startup received by NITI Aayog while the target was only ecosystem has improved. He also gave examples 500. Similarly, for a target of setting up of 100 of Startup Village, I Create and T-hub were new incubators, 3300 applications were received. presented to act as illustrations and let competitive Adding to this,Shri Amitabh Kant pointed out many federalism drive other states to take all possible others impressive statistics about the measures steps to create enabling environment for startups taken by NITI Aayogto support the Startup India and entrepreneurs. Besides the States, Startups, initiative. Investors, Incubators and various ministries and All the panel discussions were followed by an departments of Government of India related to interactive question and answers session with the Startups were part of separate panel discussions on audience. n various facets, like funding and incubation, of the Visakhapatnam-Chennai Industrial Corridor overnment of India gave its concurrence Remaining amount US $ 215 Million shall be for engaging Asian Development Bank provided by the Government of Andhra Pradesh. G(ADB) for carrying out feasibility study Out of ADB loan of US$625 Million approved by and preparing the Conceptual Development Plan DEA, a sum of US $ 370 Million has been sought for East Coast Economic Corridor (ECEC) linking as first tranche from ADB. The ADB conducted Kolkata in the East through Chennai toTuticorin in the feasibility study for VCIC and submitted the South in a phased manner in May 2014. In the first final Conceptual Development Plan (CDP) for the phase, Vizag-Chennai segment of ECEC, i.e. VCIC Project in December 2014. It has also started the was taken up for the feasibility study. master planning for four nodes Vishakhapatnam, The Government has not approved or released Kakinada, Gannavarm-Kankipadu and Srikalahasti- any funds directly for this project. However, funds Yerpedu of Andhra Pradesh as identified in are needed to the tune of US $ 840 Million for the CDP. This information was given by the VCIC nodes, out of which ADB Funding of US $ Commerce and Industry Minister Smt. 625 Million has been approved by the Department NirmalaSitharaman in a written reply in Rajya of Economic Affairs (DEA), Government of India. Sabha on August 10 , 2016. n th August, 2016 59
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