Detailed framework in the works

Within weeks of Prime Minister Narendra Modi announcing 'Start-up India; Stand up India', the commerce and industry ministry has started fleshing out a framework to encourage start-ups and boost job creation. The structure will act as a complete and full ecosystem for start-ups. The final framework, for which the ministry is working overtime, is expected to be unveiled in November. "It will include mentoring, linking companies with institutions, giving marketing support, consultancy on intellectual property rights and providing easy regulatory mechanism," a government official said.