As part of Prime Minister Narendra Modi’s “Make in India” and “Start-up India” moves, Gujarat Chief Minister Anandiben Patel has announced her government’s new policy for promotion of information technology (IT) and electronic start-ups, envisaging setting up of 50 incubators to provide leadership and facilities to 2,000 start-ups over the next five years.
About 10 lakh square feet of space will be developed for incubators, targeting investment to the tune of Rs. 7,000 crore and creation of new employment opportunities.
For start-ups, the government’s incentives include partnership of start-up units for government’s e-governance project, up to 25 percent equity-linked financial assistance in fund taken for venture capital fund, 100 percent discount on stamp duty and registration fee and product development and marketing assistance, Rs. 15 per square feet per employee lease rental assistance, Rs. 2 lakh for local patent and Rs. 5 lakh for international patent and some other incentives up to 7 years.
So let’s do:
1. Who is the Chief minister of Gujrat ?