Govt open to make it easier for startups to return to India

THE GOVERNMENT IS open to ideas to make it easier for startups that have migrated overseas to return, commerce and industry minister Piyush Goyal said on Friday.

- MUKESH JAGOTA

"We will discuss with the Start-up Advisory Council and take feedback. If any steps are required to make their journey back easier we are open to ideas," he told reporters.

The startup advisory council set up first in 2020 advises the government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large-scale employment opportunities.

"It is a welcome sign and also very very satisfying that more and more startups come back home and register in India, list in India and grow in India. India will be a preferred destination in the future," he said.