Taking a step further for the ambitious ‘Start-up India Initiative’ of Prime Minister Narendra Modi, the Indian Trade Promotion Organisation has set up a separate hall for New/Young/Start-up entrepreneurs at Pragati Maidan’s trade fair this time. A total of 29 companies are participating in this category in the 35th edition of the India International Trade Fair (IITF)
The special hall spread over an area of 275 sq metres approximately, has been provided to encourage entrepreneurship among the youth of India. The entrepreneurs participating have also been provided 50 per cent discount of the normal tariff.
PM Modi in his speech at the 69th Independence Day had stressed over the importance of entrepreneurship and had also raised a slogan of ‘Start-up India and Stand India’.
According to a report by the National Association of Software & Services Companies, the Indian start-up eco-system is among the top five in the world. Start-ups have created more than 80,000 jobs so far.
As many as, 11,500 start-ups could come up by the year 2020 and will create 2,50,000 jobs. ITPO said this initiative will trigger other organisers to facilitate young entrepreneurs.