By Manas Mehrotra-Managing Director of NestaVera Group of Companies
Manas Mehrotra, Chairman, 315 Work Avenue, a leading co-working space provider on the expectation from the new Government. Manas is also the Managing Director of NestaVera Group of Companies, a well-diversified group having businesses spread across several sectors and verticals like education, real estate, co-working, trading and Angel Funding.
We expect the new government to allocate additional funds exclusively for developing infrastructure and improving connectivity in the peripheral areas of cities, especially the metros that will spur growth in the future.
The government should also focus to build startup hubs across the nation to drive entrepreneurship. The government could consider to relax the regulatory compliance strings a bit and altering them to be pro-growth as it is one of the biggest impediments to the growth of start-ups. Undoubtedly, there is potential within the start-up community, but it will all boil down to how much room they get to manifest their potential. We also expect that they look into certain consideration on Angel tax which is currently hindering the growth of start ups. The new government can nurture entrepreneurship by funding ‘incubation centers’. The government should focus on inclusive development and favorable environment for entrepreuners and bring favorable reforms for startups which in turn will aid on more job creation and growth. Finally, it should focus on taking steps to encourage the spirit of entrepreneurship amongst the youth.
Corporate Comm India(CCI Newswire)