New Delhi, April 02, 2018: Commerce and Industry Minister Suresh Prabhu on Friday said the government is working on having regular interactions with the Start-ups on regulatory aspects, which helps them in their business initiatives.
“By getting over the regulatory challenges of the start-ups, innovations will prove more effective and sustainable”, he said.
Speaking at a conference organized by the Indian School of Business here, Mr Prabhu also opined that the Government’s initiatives on ‘Skill India’ are structured to create skilled manpower that would take over the challenges of the future.
“Skill India also allows people to think innovatively”, he said.
ISB Dean Rajendra Srivastava, in his opening address, said that there is a need to integrate insights from West and East to address the tussle between competition and protection.
Speaking on innovation ecosystem in India, Dr Rishikesha Krishnan, Director, IIM Indore, pointed out that much of the innovation in India is dominated by the Multinational companies. However there is immense scope for frugal innovations in India especially happening at the start-up levels.
National Innovation Foundation Executive Vice Chair Anil Gupta, in his address emphasised the need for making innovations sustainable and cautioned not to celebrate the frugality which puts the next generation into risks.
United News Of India
