MP to become new destination for start-ups: CM

Source: The Hitavada      Date: 30 Sep 2018 10:23:42


 

Staff Reporter,

 

CM boosts morale of youNG entrepreneurs

 

Chouhan spoke with participants of Bhopal, Indore, Gwalior, Ujjain and Sagar through video-conferencing and encouraged them to fulfill their dreams

 

MP youth will be provided loan up to
Rs 10 lakh without interest. Incubation centres are being made in all seven Smart cities of the State

 

All facilities will be provided to youth to launch start-ups. Arrangements will be made for
Government purchase through start-ups upto Rs 30 lakh without tender

 

The Chief Minister said that start-ups will be encouraged to provide better opportunities to every youth of Madhya Pradesh to fulfill his dream

CHIEF Minister Shivraj Singh Chouhan said that youth of Madhya Pradesh will be provided loan up to Rs 10 lakh without interest and seed capital for startups. Innovation Council will be formed in the State. Madhya Pradesh will become an Entrepreneur Network.


Changing the policy, arrangements will be made for Government purchase through start-ups upto Rs 30 lakh without tender. Start-ups will be provided better environment and facilities in the State. Madhya Pradesh will be the new destination for start-ups in the country. Chouhan expressed his views while addressing young entrepreneurs at Start-up Conclave on Saturday. At the outset, the Chief Minister dedicated Bhopal Metro Project office and laid foundation for works worth Rs 800 crore. The Chief Minister said that startups will be encouraged to provide better opportunities to every youth of Madhya Pradesh to fulfill his dream. He said that incubation centres are being made in all seven smart cities of the State. All facilities will be provided to youth to launch startups. Incubation centres on PPP model will be started in selected colleges. Venture Capital Fund has been made for innovative ideas in the State.

Mukhya Mantri Yuva Udyami Yojana will also be linked to this. Successful industrialists will be told to supervise incubation centres. The Chief Minister said that there are widespread possibilities for startups in fields like agriculture, tourism and transport in the State. Industrial corridor will be built near three new Express Higwhays of the State including Indore-Bhopal, Chambal Expressway and Narmada Express Highway. Chouhan said that in last 15 years, the State has emerged from Bimaru category into a developed one.


Basic requirements of road, electricity and irrigation have been fulfilled in these years. Narmada-Kshipra Link Project and Narmada-Gambhir Link Project have been started in the State. Irrigation potential has been increased from 7.5 lakh hectare to 40 lakh hectare. Availability of electricity has increased from 2900 MW to 18,800 MW. He said that start-up is needed in value addition of agricultural products. Electricity generation is being considered by installing solar panel in Indira Sagar project. He told youth that nothing is impossible. Youth should become job givers not takers.


20,000 START-UPS STARTED IN THE COUNTRY: Chief Executive Officer of NITI Aayog Amitabh Kant said that India’s gross domestic product rate is 7.5 per cent. In next 30 years, the target of increasing GDP growth is 9 to 10 per cent. This target will be possible only by promoting start-up. The Centre had formed start-up policy in January 2016 following which several start-ups came up in one-and-a half years. Madhya Pradesh took the initiative by forming start-up policy in 2016. Ecosystem created in Indore for start-ups is commendable. Rs 10,000 crore fund has been created in the country for start-ups. Start-ups will be charged with zero per cent income tax for any three years in initial 7 years. Production from start-ups will be purchased for Government of India undertakings. In last four years, 20,000 start-ups have been started in the country, out of which 4,500 are technology start-ups. 1,100 multinational companies in the country have established research and development units in the country.


Madhya Pradesh has taken the initiative by forming its start-up policy in 2016. Ecosystem formed in Indore for start-ups is commendable. Several start-ups of Madhya Pradesh are doing a good job. Good work has been done in Madhya Pradesh to provide a better environment to start-ups. Chief Secretary B P Singh said that Madhya Pradesh is ahead of Karnataka, Maharashtra, Tamil Nadu, Punjab in Ease of Doing Business.


Rs 7,051 crore has been provided to micro, small and medium industries in last 5 years in State. There are 346 start-ups in the State. A Venture Fund of Rs 100 crore has been made in the State for start-ups. A start-up policy was formed in 2016.


Founder and Chief Executive Officer of Impetus Pravin Kankaria said that in last 10 years, a better environment has been created for industries in the State. Farsightedness is must along with efforts for start-ups. Founder and Chief Executive Officer of Art Global Infotech Rahul Gupta shared his experiences in field of start-ups. Chief Executive of Start-Up-Your-Story, Shraddha Sharma conducted future session of start-ups in Madhya Pradesh.


CONVERSATION WITH YOUTH: Chief Minister Chouhan had a direct talk through video-conferencing with participants of Bhopal, Indore, Gwalior, Ujjain and Sagar present at Start-up Conclave. In a warm discussion with CM Chouhan, participants informed him about expectations, schemes and needs related to start-ups and gave their suggestions. Chouhan said that they must present new ideas at the incubation centre.


They will be provided assistance, facilities and advice by experts at various phases affiliated with establishment of start-up. Chouhan said this in connection with start-up of Nishant Sharma of Mandideep (Bhopal) on activated carbon cutter.


The Chief Minister also appealed successful start-up entrepreneurs to help new start-ups and take initiatives like Venture Fund. Expressing her gratitude towards the State for assistance provided to successful start-up entrepreneurs, Vidisha’s successful start-up entrepreneur Priya Dubey advised on giving financial assistance to new startups. CM Chouhan supported the suggestion for need of designing start-up by Ashish Bhattacharya.


Replying to questions regarding marketing of products of Bhopal’s Amitesh’s start-up and sale of biodegradable cutlery of Vikas Jain of Sagar, CM Chouhan said that the Government is making provisions to purchase products of start-up upto Rs 30 lakh without tender. Expressing his gratitude towards Chief Minister Chouhan for efforts of the Government in bringing big investors of IT sector in Indore, Ujjain’s Akash Tiwari laid stress on need for a single window for start-ups.


The Chief Minister gave information to Moulshree Singh, a student of Jabalpur, about availability of government data in public domain and told to express ideas at incubation centre for necessary assistance in bringing innovations into existence, on her query in this regard. Chouhan informed about assistance, amenities and facilities to begin start-ups with the help of Venture Capital to Suyash Singh of Gwalior. Chouhan told Jagat, a successful startup entrepreneur of Indore, that necessary guidance and financial assistance can be obtained from MSME Department in expanding start-up at national and international-level. The Chief Minister had a friendly discussion with start-up representatives. Former CM Babulal Gaur, Minister of State for Cooperatives Vishvas Sarang, MP Alok Sanjar, Mayor Alok Sharma, Principal Secretary Urban Development and Housing Vivek Agrawal and young entrepreneurs and officers were present in the programme in large numbers.