Calcutta, Dec. 7: India needs entrepreneurs, but the path to building a new business is fraught with difficulties. Funding by banks and angel investors is often a major hindrance, while multiple licence and clearance issues along with state excise rules complicate matters for a start-up.
A session on “Developing an Entrepreneurial Ecosystem in India” at Infocom 2012 discussed these issues.
“The country lacks availability of finance and angel investors. But even then, imaginative entrepreneurial endeavours have come up... The government should be a facilitator,” said C.K. Mishra, joint secretary, ministry of MSME.