MP to be new destination for startups in India: CM Chouhan

Chief Minister said that startups will be encouraged to provide opportunities to every youth of Madhya Pradesh to fulfil his ambition and give natural expression to his talents.

Chief Minister Shri Shivraj Singh Chouhan said that the youths of the state will be provided loan up to Rs 10 lakhs without interest and seed capital for startups. Innovation Council will be formed in the state. Madhya Pradesh will become the Entrepreneur Network.

Changing the policy, arrangement will be made for government purchase through startups up to Rs 30 lakh without tender. Startups will be provided better environment and facilities in the state. Madhya Pradesh will be the new destination for startups in the country.

CM Shri Chouhan was addressing young entrepreneurs at the Startup Conclave here today. At the outset, the Chief Minister dedicated Bhopal Metro Project office and laid the foundation for works worth Rs 800 crores.

The Chief Minister said that startups will be encouraged to provide opportunities to every youth of Madhya Pradesh to fulfil his ambition and give natural expression to his talents.

He said that incubation centres are being made in all seven smart cities of the state. All facilities will be provided to the 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 mentor 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 the three new Express Higwhays of the state including Indore-Bhopal, Chambal Expressway and Narmada Express Highway.

Shri Chouhan said that in the last fifteen years, the state has emerged from the Bimaru category and has become a developed state.

Basic requirements of road, electricity and irrigation have been fulfilled in these years. The 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 thousand 800 MW.

He said that start-up is needed in the value addition of agricultural products. Electricity generation is being considered by installing solar panel in the Indira Sagar project. He told the youth that nothing is impossible. Youth should become givers of jobs not takers.

20 thousand start-ups begin in the country

Chief Executive Officer, NITI Aayog, Shri Amitabh Kant said that India’s gross domestic product rate is 7.5 percent. In the next 30 years, the target of increasing GDP growth is 9 to 10 percent. This goal would be possible only by promoting start-up.

The Centre had formed startup policy in January 2016 following which several startups came up in one and a half years. Madhya Pradesh took the initiative by forming its startup policy in the year 2016. The eco system created in Indore for startups is commendable. Rs 10 thousand crore fund has been created in the country for startups. Startups will be charged with zero percent income tax for any three years in the initial 7 years. Production from startups will be purchased for Government of India undertakings.

In the last four years, 20 thousand startups have begun in the country, out of which 4500 are technology startups. 1100 multinational companies in the country have established research and development units in the country.

Madhya Pradesh has taken the initiative by forming its startup policy in year 2016. The eco system formed in Indore for startups is commendable. Several startups of Madhya Pradesh are doing a good job. Good work has been done in Madhya Pradesh to provide a better environment to startups.

Chief Secretary Shri B.P. Singh said that Madhya Pradesh is ahead of Karnataka, Maharashtra, Tamil Nadu, Punjab in Ease of Doing Business.

Rs. 7 thousand 51 crore has been provided to the micro, small and medium industries in the last 5 years in state. There are 346 startups in the state. A Venture Fund of Rs. 100 crores has been made in the state for startups. A startup policy has been formed in year 2016.

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

Conversation with youth

CM Shri Chouhan had direct talk through video conferencing with participants of Bhopal, Indore, Gwalior, Ujjain and Sagar present at the Startup Conclave. In a warm discussion with CM Shri Chouhan, the participants informed him about expectations, schemes and needs related to startups and gave their suggestions.

Shri 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 the establishment of the startup. Shri Chouhan said this in connection with the startup of Shri Nishant Sharma of Mandideep (Bhopal) on activated carbon cutter.

The Chief Minister appealed to the successful startup entrepreneurs to help new startups and take initiatives like Venture Fund. Expressing her gratitude to the state for the assistance provided to successful startup entrepreneurs, Vidisha’s successful startup entrepreneur Smt. Priya Dubey had advised on giving financial assistance to new startups. CM Shri Chouhan supported the suggestion for need of designing startup by Shri Ashish Bhattacharya.

Replying to questions regarding marketing of the products of Bhopal’s Shri Amitesh’s startup and sale of biodegradable cutlery of Shri Vikas Jain of Sagar, Shri Chouhan said that government is making provision for purchase of products of the startup up to the value of Rs 30 lakhs without tender.

Expressing his gratitude to the Chief Minister for the efforts of the government in bringing big investors in IT sector in Indore, Ujjain’s Shri Akash Tiwari laid stress on the need for a single window for startups. The Chief Minister gave information to Sushri Moulshree Singh, a student of Jabalpur, about the availability of government data in public domain and told to express ideas at the incubation centre for necessary assistance in
bringing innovations into existence, on her query in this regard.

Shri Chouhan informed about assistance, amenities and facilities to begin startups with the help of Venture Capital to Shri Suyash Singh of Gwalior. Shri Chouhan told Shri Jagat, a successful startup entrepreneur of Indore that necessary guidance and financial assistance can be obtained from M.S.M.E Department in expanding startup at national and international level. The Chief Minister had a friendly discussion with startup representatives.

Former CM Shri Babulal Gaur, Minister of State for Cooperatives Shri Vishvas Sarang, MP Shri Alok Sanjar, Mayor Shri Alok Sharma, Principal Secretary Urban Development and Housing Shri Vivek Agrawal and young entrepreneurs and officers in large number were present in the programme.

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