Delhi to host US government funded Nexus platform for start-ups
The Dollar Business Bureau The start-up hub Nexus, an American Government-funded platform to enable and encourage start-ups in India, has chosen New Delhi to host its activities as the country’s capital has ‘all the right components’ required for such type of initiatives, said Erik Azulay, Director, Nexus. “Delhi has all the right components, you have the entrepreneurs, the funders, the government, the capital and other complementary factors. We saw an ecosystem here which was needed for starting this initiative,” Azulay told PTI. Azulay, who moved to New Delhi from Austin (Texas) to establish and run the centre, said that New Delhi is the pilot and now the vision is to enhance the presence to other parts of the country and South Asia. “We did look at ...
New trading platform for start-ups, e-commerce firms by SEBI
Sai Nikesh | The Dollar Business In a move to encourage new business entrants, the Securities and Exchange Board of India (SEBI), on Tuesday, announced setting up of an ‘alternative trading platform’ dedicated for start-ups, including e-commerce firms, in the country. The capital market regulator, by relaxing its regulations, provides an opportunity for start-ups to list and raise funds on domestic stock exchanges, instead of going overseas. “Indian start-up space is very vibrant and the country is ranked number five as far as start-ups are concerned. More than 3,100 start-ups are there in the country and a large number of M&As have also happened," said SEBI Chairman U K Sinha, in an official statement. "However, most of these start-ups were thinking ...
Government of India keen on easing norms for business start-ups
The Dollar Business Bureau The Government of India seems to be very keen towards easing the norms and regulations for the business start-ups in the country. Towards this move aimed at increasing ease of doing business environment, the government intends to reduce the list of prior approvals for easing the norms for upcoming businesses. Moving ahead, the Ministry of Commerce & Industry, according to a latest release, has invited the stakeholders’ comments over the draft legislation for replacing the system involving multiple prior permissions with a pre-existing regulatory mechanism. The Department of Industrial Policy and Promotion (DIPP), Government of India, with the approval of competent authority, has constituted an Expert Committee in March 2015. The Committee, set up by the DIPP, ...
