The objective for showcasing the tableau is to motivate and inspire people to generate wealth and become job creators and not just stay limited to job seekers.
The Ministry of Commerce and Industry has announced that it will showcase a tableau based on the government’s initiative Start-Up India at the 71st Republic Day Parade. The ministry aims to promote innovation and entrepreneurship in the country with the tableau.
The theme for the tableau is ‘Startups: Reach for the Sky’ and it will showcase stages of the life-cycle of a start-up and the support extended to it by the government. In a statement, the ministry said, “The front of the tableau depicts a creative mind, full of ideas to solve real-world problems. The Startup India Tree, in the middle, will represent different kinds of support given.” It added that the staircase will denote stages of growth – proving a concept, creating a prototype, preparing a business plan, building a team, launching into markets and eventually scaling up.
The wheel will depict sectors of the economy where Indian entities have driven economic growth and created employment opportunities on a large scale, it added. Startup India is a flagship initiative of the government, intended to build a strong ecosystem to nurture innovation, drive sustainable economic growth and generate large scale employment opportunities.
The objective is to inspire and motivate youth to follow their dreams to generate wealth and become job creators and not just job seekers. Under the Startup India Scheme, eligible companies can get recognized as startups by the ministry in order to access a host of tax benefits, easier compliance, IPR fast-tracking, and other incentives.
More than 26,000 startups from 551 districts of 28 States and 7 Union Territories have been recognized so far. “Working across IT, Industry 4.0, education, healthcare, agriculture, energy, finance, space, defense and all other sectors of the economy, Indian startups have attracted substantial global investments and created more than 2,91,000 jobs,” it added.
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