IFFCO MD Dr U S Awasthi has lent his full support to start up India campaign launched by the Prime Minister last week. Tax waiver for three years, end of inspector raj and a dedicated fund for startups are some of the measures announced by the govt at the launch.
Welcoming the decision Dr. U S Awasthi tweeted”#IFFCO Congratulats @narendramodi Ji 4 initiating idea of #StartupIndia @standup_startup. Encouraging entrepreneurship; new growth angle.”
In another tweet MD repeated IFFCO’s initiative in this direction and asked his fellow cooperators to send new ideas at startup@iffco.in
Awasthi tweet read “At #IFFCO, We have set-up a team for looking #startup new innovative ideas @standup_startup. All ideas can be sent to startup@iffco.in.”
“The first time when I mentioned about start-up India and Stand-up India from the pulpit of the Red Fort it hardly registered in the minds of people but today after more than 100 days of the announcement, people will come to know what are these innovative ideas”, said Narendra Modi speaking on the occasion.
Govt has done so many things for the last 70 years and see where we have reached. Today we are assembled to know
Start-ups are not begun with an aim to earn money. It begins with the idea of improving the life of people. And money happens on its own, Modi said quoting how Uber became Kuber(rich). The 19-point action plan was announced by Prime Minister Narendra Modi after a day-long event.
The Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Arun Jaitley and the Minister of State for Commerce & Industry, Nirmala Sitharaman were also present.