MPs told to set up infra for startups

Tribune News Service

New Delhi, June 28

Commerce and Industry Minister Nirmala Sitharaman has written a letter to all Members of Parliament to consider setting up working spaces for startups in their constituency under the Members of Parliament Local Area Development Scheme Fund (MPLADS).

The minister said the government has been interacting with various startups regarding their business needs and support that they expect from the government.

She said one of the crucial aspects that needs to be addressed in this regard is infrastructure. She said startups may not be able to own or hire working space due to financial constraints, thereby, it was suggested that if the government could support in creating co-working spaces, it could help translate their ideas into successful businesses. She said this step will promote the startup ecosystem in the country and help startups in their constituency make rapid strides towards establishing themselves and also create jobs.