Start-ups to look beyond govt procurement

On Wednesday, Amitabh Kant, India’s G-20 sherpa, urged start-ups to avoid becoming overly reliant on government procurements and instead concentrate on the opportunities offered by domestic and export markets.

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Speaking at a youth conference organized by the IMC Chamber of Commerce, Kant also emphasized the need for men to change their attitudes towards women and take steps to address gender disparity by transferring wealth to women.

Both the Union and various state governments have a favourable attitude towards supporting start-ups in procuring from other start-ups. The government e-marketplace (GEM) features a dedicated “start-up runway” that showcases the offerings of start-ups, and there are often relaxations in rules to accommodate purchasing from start-ups.