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Delhi government sets up entreprenuership council to boost startups

Press Trust of India
8th May 2016
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Delhi government has set up an advisory body to promote ease of doing business, boost new enterprises, fund startups and create new jobs in the city.

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Chief Minister Arvind Kejriwal made the announcement about the formation of the 'entreprenuership council' at a press conference here today, which he said will submit its report in the next three months. The council will work under the aegis of Dialogue and Development Commission of Delhi (DDC), which itself is an advisory body to the AAP government. DDC vice-chairman Ashish Khetan had earlier submitted a roadmap in this regard to the chief minister.

Kejriwal said the proposed draft statehood Bill, if approved by the Centre, would also provide a fillip to the businesses in the city, many of which have moved to Noida and Gurgaon despite being founded here.

We will take the assistance of Start Up India of the Centre if needed but the focus will be inclusive. We want start-ups to grow in a big way through aggregation and will make available the necessary capital and environment, he said.

The council, whose patron will be Industries Minister Satyendar Jain, will have members from industries and businesses as well as angel investors, Kejriwal said. Its recommendations would pertain to creation of most suitable policy framework for all micro entrepreneurs, small and medium scale enterprises, new-age start-ups as well as large businesses.


Also readHow this Stanford and IIT Delhi alumni are breaking the myth of credit worthiness in the Indian financial landscape


The council will be headed by 'naukri.com' founder Sanjeev Bikhchandani. It will comprise largely of entrepreneurs hailing from Delhi. Some of the members are Vijay Shekhar Sharma of Paytm, Mahesh Murthy of Pinstorm and Vikas Kuthiala of First India Assistance who is also a member of Indian Angel Network.

Kuthiala said,

People don't have faith in hyperlocal start-ups coming up across the city. They need to be trained and provided funds towards capacity building. The committee will try to address the gaps at the industry level and try to address them.
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