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MoS Dr Jitendra Singh calls for indigenous 'StartUp' initiatives

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MoS Dr calls for indigenous 'StartUp' initiatives

The Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr has called for indigenous StartUp" initiatives.

In his address after inaugurating the 3-day StartUp Expo 2017" at Pragati Maidan here today, Dr said Prime Minister Shri Narendra Modis StartUp" initiative has the capacity to open new avenues of employability. At the same time, one can also serve the rich cultural and traditional heritage of India if we focus on StartUp" ventures through indigenous resources and means, he added.

Citing example, Dr said, for instance, the pieces of artisan excellence prepared by some of the creators which are on display in the exhibition stall, were completed after several months of labour but could fetch very little on sale because of lack of value addition and partly lack of awareness. Other aspect of concern is that such streams of art were being kept alive by certain Gharanas" or Khandaans" but with the next generation youth opting for hi-tech professions, there is nobody to carry forward this original indigenous vocation, he lamented.

Dr stated that just as in Northeast, the Ministry of DoNER has taken the initiative of offering Venture Capital Fund" to any young StartUp" who wishes to set up a unit in one of the North-Eastern States, similarly the respective State Governments could also come forward with certain specific and exclusive incentives for youngsters who undertake StartUp" initiatives in the field or discipline which traditionally identifies with the culture and heritage of that particular State.

Uttar Pradesh Industry Minister Shri Satish Mahana and Chairman MMTC (Mineral & Metal Trade Corporation) Shri Rajnish Goenka also spoke on the occasion.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 24 2017. 00:20 IST