Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2015-10-14

For Nasscom, PPP will boost startups in India

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, Rajat Tandon today strongly advocated public-private partnership (PPP) to make startup business a successful story in India.

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, Rajat Tandon today strongly advocated public-private partnership (PPP) to make startup business a successful story in India.

"In terms of seeing a very successful Israel, if you look at the model which are running around the other countries as well, you have a bit of public-private partnership which takes place. It is in the US as well. The public-private partnership will make startup business a successful story in India," Tandon told PTI on the sidelines of the launch of IBM's Public Data Centre in Chennai.

On September 16, 2015 Vinod Khosla  Co-Founder, Sun Microsystems and Chairman, Khosla Ventures had told PTI that the startups announced by the government is a "bad idea" as it would minimise competition.

Khosla had also said government should do 'foundational stuff' like implementing Aadhaar and build infrastructure for providing telecom services.

The government should not establish venture funds when private companies were able to raise funds on their own, Khosla had said.

Tandon said that a collaborative effort is required at every end, from the policy to risk factor end, to support startup business in India.

"You have to support and the complete environment has to get together. It is not about A's money is needed, B's money is not needed and vice versa. I think it is collaborative effort which is required at every end. There is a need to support startups whether it is behind policies and taking risk. I think people have to get on it together," he stated.

"In terms of 'Startup India, Standup India', the honourable Prime Minister Narendra Modi has given a particular statement from the Red Fort, so absolutely it is helping us ( Nasscom) in terms of creating a buzz. There is now at least some support coming from the central government level as well. There are a lot of people and developers who can be converted into startup and grow the nation," Tandon added.

Related opportunities
  • About:Based in Bengaluru, Shinag Allied Enterprises (SAS), an ISO 9001:2008..
    Locations looking for expansion Karnataka
    Establishment year 1990
    Franchising Launch Date 2016
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • A super premium brand for complete Beauty Services and Solutions.Panache..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 50lac - 1 Cr.
    Space required 800 - 1200 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gondiya Maharashtra
  • Quick Service Restaurants
    About Us:Pizzitalia started its business in 2016 with the core..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 250 - 500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Electronics and Electrical Components
    Bajaj Smartapp LLP brings a dealer & distributor opportunity with..
    Locations looking for expansion West Bengal
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Kolkata West Bengal
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities