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GOYAL AFFIRMS GOVT'S ROLE AS STARTUP FACILITATOR, NOT REGULATOR
The Business Guardian
|July 05, 2023
Addressing the Startup20 summit in Gurugram, Goyal said that India provides a unique opportunity to the world of startups
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On Tuesday, Commerce and Industry Minister Piyush Goyal emphasized that the Indian government's role in the startup ecosystem is that of a facilitator, not a regulator. Speaking at the Startup20 summit organized by the Startup20 Engagement Group under the India G20 Presidency, Goyal stated that the government's commitment is to support the progress of startups without impeding their work.
Goyal stressed that the government should refrain from regulating, dictating, or micro-managing the startup ecosystem. Instead, it should act as a facilitator, providing an initial push and early-stage financing to aspiring entrepreneurs. He highlighted India's advantages for startups, including skilled talent, affordability, a growing startup culture, and an aspirational population. Goyal invited startups from around the world to explore opportunities in India.
Esta historia es de la edición July 05, 2023 de The Business Guardian.
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