India plans SAARC meet for startups: Commerce Minister Nirmala Sitharaman

India plans SAARC meet for startups: Commerce Minister Nirmala Sitharaman

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India is planning to organise a meet of startups of the South Asian region for exchange of new ideas and promoting interaction among them. Commerce and Industry Minister Nirmala Sitharaman also sought views of Indian startups to hold this programme."I will be working towards having a SAARC (South Asian Association for Regional Cooperation) country meet for startups. There are so many complementarities among us in the South Asian region," she said while launching a startup India hub portal here.

She said the event can act as a platform for exchanging ideas, which can be mutually beneficial and can be worked out.She asked startups to give ideas about the people who can be invited for the meet. If the ministry would get feedback and suggestions in the next couple of months, by December the meet can happen, in which SAARC country startups can come to India and share ideas.SAARC members are Afghanistan, Bangladesh, Bhutan, India, Nepal, Maldives, Pakistan and Sri Lanka.

Further, to promote the startup ecosystem in the country, Sitharaman will write to all the Members of Parliament to help budding entrepreneurs.Citing an example, the minister said she used her MP Local Area Development Scheme (MPLADS) fund to create a co- working space for startups in Mangalore. "I will write to all the MPs...(particularly) in districts where people are approaching their MPs saying can we have som...

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