Prime Minister Narendra Modi will make a series of "very important" announcements to promote startups in the country in December, said Minister of State for Finance Jayant Sinha on Saturday.
In his Independence Day speech, Modi had announced a new campaign 'Startup India; Stand up India' to promote bank financing for startups and offer incentives to boost entrepreneurship and job creation in the country.
“In early to mid-December the Prime Minister is going to make a series of very important announcements on Startup India where we will bring together the work that we are doing and make some important announcements about how we are going to take forward India's entrepreneurial ecosystem,” Sinha said.
Promising that the announcements are going to be "very exciting", the minister said the government is committed to promote startups and entrepreneurship. “We have already done, I think, more in the last 15 months than the previous government did in 10 years,” Sinha said.
He was delivering the keynote CK Prahalad Memorial lecture at the TiECon Delhi 2015. Prahalad was a renowned management guru. Sinha said the announcements to be made by the Prime Minister would ensure that India as a country with respect to startups and entrepreneurs ‘is going to be the best in the world’.