Start Up India This initiative provides three year tax and compliance breaks

Start up india this initiative provides three year

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Start-Up India This initiative provides three-year tax and compliance breaks intended for cutting government regulations and red tapism. MUDRA Yojna Through this scheme, startups get loans from the banks to set up, grow and stabilize their businesses. SETU (Self-Employment and Talent Utilization) Fund Government has allotted Rs 1,000 Cr in order to create opportunities for self-employment and new jobs mainly in technology-driven domains. E-Biz Portal Government launched e-biz portal that integrates 14 regulatory permissions and licenses at one source to enable faster clearances and improve the ease of doing business in India. Royalty Tax Indian government has reduced the royalty tax paid by businesses and startup firms from 25per cent to 10 per cent INVESTMENTS BY BIG BUSINESS Big business houses are already investing in startups as they cannot owned everything like startups which require different skill-sets. Industrialists like Ratan Tata (Ola, Bluestone etc), Azim Premji (DataStax,Myntra etc) and many more are investing in startups giving a right direction and help to capture the market. EXAMPLES OF OPPORTUNITIES FOR STARTUPS Startups in Indian scenario have a excellent scope in niche markets that could be capable and sustainable for revenue generation. With small area of operations and right product /service the high success with possible chance for expansion. The space in a market for offerings from food, clothing, water and hygienic items. The selection of items would be based on the entrepreneurs’ expertise and the area of operation. Given below in Table: 1 is a list of current offerings by startups followed by list in Table: 2 (Low-Tech) and Table:3 (High Tech) of few potential domains. Table:1 List of Current Startups and Area of Operations Area of Operation Startup Firm Name Online food delivery FRESHMENU,SWIGGY 10 CRITICAL ANALYSIS OF START-UP IN INDIA
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Online fish, meat delivery FRESHTOHOME Big data analytics for trade PEELWORKS Online pharmacy MYRA Platform to get local businesses online NOWFLOATS Logistics management software FAREYE Lifestyle tracking platform HEALTHIFYME Payments solutions for credit/debit cards PINELABS AI-driven solutions for retailers- STAQU Packaged ready-to-cook idli /dosa batter IDFOODS Peer-to-peer lending FAIRCENT Source: 17 Startups to Watch, TOI, 2017 Other areas with tremendous potential for startups to establish themselves and thrive are listed in Table: 2 and Table: 3 as low-end and high-end ventures with varying degree of investments and resources. These ventures could be solution providers for underdeveloped and developing countries having similar economic profile at a very affordable cost. Table:2 Startup Opportunities- Low-end Ventures Snacks and Tiffins Health drinks Franchising Waste management Media support services Food Processing Washing and Ironing Solar Energy products Retailing Supply of Drinking water Education & training Health& Pharmacy Diagnostics Centers IT and ITES Food Delivery Source: Author’s perspective Table: 3 Startup Opportunities- High-end Ventures (Export Oriented) Auto-Components Ayurvedic medicines Horticulture Software Exports Engineering Goods Biotechnology Organic Farming Floriculture Source: Author’s perspective CONCLUSION The current economic scenario in India is on expansion mode. The Indian government is
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  • Fall '17
  • Mahvish ali

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