With ‘Startup India, Standup India’ approaching, ways how Modi govt can make India a startup hub
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The start up fund in the budget, Digital India initiatives and creation of a number of technology warehouses in many cities are a step in the right direction for the creation of an ecosystem.
According to R Murugesh, Group CEO, WNS Global Services & Chairman,
1) Create 3-4 startup / tech islands across Indian regions where there is free flow of capital and talent from across the world with easy visas and no taxes. International talent (high tech and marketing talent) should find it easy to do work in India in these islands and repatriate earnings without taxes.
2) No taxes on start-ups for 5-7 years to enable them to focus on their business first and pay taxes when they actually have some earnings.
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4) World class residential accommodation, schools and hospitals to be made available inside SEZs by state governments to encourage the best talent to shift to these locations and work with these startups.
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