CII UNVEILS CHARTER OF GOOD GOVERNANCE TO FOSTER STARTUP GROWTH IN INDIA

According to the industry body, the charter will lay a strong foundation for the continued success of these entities and help them become stable, sustainable, and globally competitive in the long run and grow to become global corporations.

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India has emerged as the third-largest ecosystem for start-ups globally, with over one lakh government-recognised startups across the country until December 2023.

Sustained efforts by the government under the Startup India initiative have led to an increase in the number of DPIIT-recognised startups, from over 300 in 2016 to 1,17,254, until 31 December, 2023.

With the number of startups in India increasing, there is a need for a robust governance framework within the startup industry, and the Confederation of Indian Industry (CII) has released a charter that adopts sound governance practices by businesses.

According to the industry body, the charter will lay a strong foundation for the continued success of these entities and help them become stable, sustainable, and globally competitive in the long run and grow to become global corporations.