oppn parties Startup India Gets Overwhelming Response

News Snippets

  • Trouble brews in Bihar JD(U)-BJP alliance as Bihar police asks special branch officers to keep tabs on RSS activities
  • Trust vote in Karnataka assembly today. With rebel MLAs deciding to stay away after the SC order, the Congress-JD(S) government is likely to fall as it does not have the numbers
  • Amit Shah says the government will identify and deport illegal immigrants from all parts of the country
  • Reports from Pakistan confirm that Hafiz Saeed has been arrested and sent to jail
  • After the SC order, Karnataka Speaker says he will go by the Constitution in deciding on the resignations of the 16 MLAs
  • Rebel MLAs say they will not attend the trust vote on Thursday
  • Supreme Court rules that rebel MLAs cannot be forced to attend the assembly and vote in the floor test
  • Both the Centre and the Assam government have sought re-verification of up to 20% of draft NRC data
  • Pakistan opens its airspace for Indian planes
  • Dilapidated building collapses in Mumbai, killing more than 10 people while many were still trapped
  • Kulbhushan Jadhav case verdict to be delivered today by the ICJ
  • A Vistara flight landed in Lucknow with just 5 to 10 minutes of fuel left in the tank
  • Supreme Court to decide on Karnataka MLAs plea today
  • Karnataka alliance to face floor test on Thursday
  • China says that the next Dalai Lama will be appointed by it
International Court of Justice agrees with India, stays Kulbhushan Jadhav's execution. It asks Pakistan to allow consular access to the accused.
oppn parties
Startup India Gets Overwhelming Response

By Sunil Garodia

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Writes for a number of publications.
image courtesy: nasscom.in

The very fact that there were over one lakh requisitions for the approximately 1500 passes available for the government’s “Start Up India” show shows that budding talent wants to strike out on its own. Young India is now bursting with innovative ideas and it is our duty to ensure that the workable among them are allowed to flourish and the others are at least given a fair chance to try. Even if they fail, they will learn from their failures and perhaps come up with a better plan next time.

It is not as if innovation did not strike the Indian mind in the past. But most of it was crushed under bureaucratic red tape which found anything new and untried that deviated from existing norms as quirky. Outdated government norms have buried the dreams of generations of Indians. Those who got the chance left India and pursued it elsewhere. Others just rued their bad luck and pursued mundane things. In the process the nation was deprived of innovation and enterprise.

Controls and unnecessary bureaucratic interference are surefire ways of killing innovation. Normal bureaucrats go not understand new things. Normal financial channels are also not available to innovators as the banks are shy of taking risks as per existing norms. Hence, it is good the government is doing its share to kick-start the startups. The realization in government circles that startups have different needs is bound to change bureaucratic and banking mindset.

Private investors had recognized this fact long time back and had supported startups through incubation, handholding, mentoring and financing at various stages of their journey. While some investors have burnt their fingers in plans that failed, most have made good. That is the only reason why the startup space is buzzing and many more people are coming up with new ideas and more investors are also joining the party. But the government initiative is likely to expand the reach manifold. If done properly and without bureaucratic bungling, it will change for better the way India does business.