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CII tips for start-ups

S. Gopalakrishnan in Calcutta on Wednesday. A Telegraph picture

Calcutta, Dec. 11: IT start-ups need to be nurtured by central and state government policies that will offer incentives and promote an ecosystem for them, CII president S. Gopalakrishnan said here today.

A policy for start-ups will provide the IT sector an avenue for growth at a time of slowdown.

Gopalakrishnan said at a time there was less pressure on IT companies to expand owing to weak global cues, start-ups had emerged as the tool to ensure sustainability.

“For start-ups, if some incentives can be given till they hit revenues of about Rs 50-100 crore, it will benefit the industry. Every state must try to create a vibrant start-up ecosystem. We must encourage engineering colleges to convert students from being job seekers to job creators. This requires a set of policies from the government which will encourage them to come forward,” Gopalakrishnan said.

He was speaking on the sidelines of the fifth national conference organised by CII-Suresh Neotia Centre of Excellence for Leadership.

Growth in the ease of doing business will also prove beneficial to companies.

Citing a survey that placed India 130th among 180 countries in terms of ease of doing business, he said this was something both the states and the Centre needed to deal with.

Gopalakrishnan, also the co-founder and executive vice-chairman of Infosys, said while a lot had happened in Bengal, the challenge was to sustain the growth.

Comprehensive policies to identify few integrated cities in and around Calcutta were needed to make the spread of IT more broad-based.

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