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Nasscom offers suggestions to promote IT industry, encourage start-ups

IT minister Ravi Shankar Prasad said the government will be holding ‘IT panchayats’, with detailed discussions and feedback from key stakeholders on how to leverage IT and innovation for start-up ecosystems. Photo: Ramesh Pathania/MintPremium
IT minister Ravi Shankar Prasad said the government will be holding ‘IT panchayats’, with detailed discussions and feedback from key stakeholders on how to leverage IT and innovation for start-up ecosystems. Photo: Ramesh Pathania/Mint

Nasscom requests IT minister Ravi Shankar Prasad to set up a Rs500 crore programme called India Technology Entrepreneur Mission

New Delhi/Bangalore: Officials of technology industry lobby National Association of Software and Services Companies (Nasscom) hosted an interactive session with the country’s IT minister on Tuesday, where it offered suggestions to promote the competitiveness of the $118-billion industry and encourage start-up companies.

Nasscom requested communications and information technology (IT) minister Ravi Shankar Prasad to set up a Rs500 crore programme called India Technology Entrepreneur Mission. The mission will help simplify regulations and taxation, enable funding, incubators and accelerators, catalyze skill development and innovation besides providing incentives and support for IP (intellectual property) creation.

Prasad said the government will be holding ‘IT panchayats’, with detailed discussions and feedback from key stakeholders on how to leverage IT and innovation for start-up ecosystems. He said there was a need to encourage investment in the segment as the future of the Indian IT industry would be driven by products.

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