Despite their high mortality rate, start-ups continue to proliferate. India is currently home to about 4,750 start-ups and over 2,000 were founded in 2016 alone.
Realising their potential in the creation of jobs and wealth, various State Governments are competing to attract the fledgling companies.
On offer are affordable prices, financial incentives, expensive IT tools and solutions and cloud space. State governments are even relaxing their otherwise rigid procurement policies to ensure start-ups get assured work.
As many as 13 State governments, including Karnataka, Telangana, Gujarat and Andhra Pradesh, have come up with dedicated policies for start-ups.
A Nasscom status report says that State governments have begun to align their policies with the Centre’s Start-up India mission. “They are formulating dedicated State-level policies targeting the start-up ecosystem,” it said. The report has placed Karnataka ahead of the others. “It provides for a dedicated start-up cell to implement its policy. Start-ups registered with the cell get software tools, cloud, credits and other resources.”
States log on to country’s start-up revolution: Come up with dedicated policies aligned with Centre’s Start-up India mission
http://www.thehindubusinessline.com/news/national/states-log-on-to-countrys-startup-revolution/article9490806.ece?homepage=true#
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