Govt recognises 1,14,902 entities as startups as on October 31
startups as on October 31, Parliament was informed on Wednesday. These eligible firms are allowed to seek fiscal incentives under the Startup India Action Plan, which was launched in January 2016, and that includes income tax exemption for three years.
Replying to a question in the Lok Sabha, Commerce and Industry Piyush Goyal said the action plan includes 19 items spanning across areas such as simplification and handholding, funding support and incentives and industry-academia partnership and incubation.
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Offering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM KozhikodeIIMK Senior Management ProgrammeVisitIndian School of BusinessISB Product ManagementVisit The Department for Promotion of Industry and Internal Trade (DPIIT) «has recognised 1,14,902 entities as startups as on 31st October 2023,» he said.
Replying to a separate question, Minister of State for Commerce and Industry Anupriya Patel said subdued demand in major export destinations such as the US, Hong Kong, the Middle East and China and availability of raw materials at competitive rates were some of the challenges faced by the gems and jewellery export industry.
Export of gem and jewellery during 2022-23 was at USD 38.11 billion, a decline of 2.95 per cent compared to the previous year's export of USD 39.27 billion, she informed.
The sector constituted 8.45 per cent in the total merchandise exports during 2022-23 and the industry employs around 5 million skilled and semi-skilled workforce.
In another reply, she said that to ensure goods imported are not of substandard quality, the customs authority follows a risk-based framework to intelligently
