Monday, January 30, 2023
Outlook.com
Outlook India
Outlook Business
+

Goyal Pitches For Start-Up Database In Country

The minister also sought views of the startup community in further reducing compliance burden, and simplification of processes to promote ease of doing business in the country

Goyal Pitches For Start-Up Database In Country
Piyush Goyal, Minister of Commerce & Industry

Press Trust Of India

POSTED ON January 16, 2023 7:15 PM

Commerce & Industry Minister Piyush Goyal on Monday called for making a strong database of all start-ups in the country as it would help both public and private sectors.

He said the database can help the government in its procurement of goods and services. Goyal added that there must be a number of startups having different levels of success and are not there in any database.

"Can we have a robust database of all start-ups in the country...Let's go for a database ...and make that available for all," he said.

The minister also sought views of the start-up community in further reducing compliance burden, and simplification of processes to promote ease of doing business in the country.

"I am sure there are many more areas where we can reduce the burden of processes for all of you," he said here at the National Startup Awards function.

Talking about the Open Network for Digital Commerce (ONDC), he said ONDC is a unified payments interface (UPI) type protocol that would democratise e-commerce businesses by onboarding crores of small retailers in the country.

Goyal also said ONDC would also help promote mom-and-pop stores.

  • Related Articles

    NIIF’s participation as an anchor investor in Lighthouse Fund IV makes it the first domestic institutional investor

    NIIF To Invest Rs 400 Crore To Lighthouse India Fund IV AIF: Report

    In January 2022, Dunzo was looking to raise about $100 million through convertible notes to scale its Dunzo Daily verticle

    Quick Commerce Start-Up Dunzo Lays Off 3% Of Its Workforce

    The ambulance service process will require no documentation and delivery partners only need to confirm their partner ID

    Swiggy Rolls Out Free Ambulance Service For Delivery Partners Across India