Ministry of shipping issues draft Sagarmala Innovation and Start-up policy for stakeholder consultation

New Delhi, Apr 11 (KNN) The Ministry of Ports, Shipping and Waterways (MoPSW) on Monday issued draft of the 'Sagarmala Innovation and Start-up Policy' for Stakeholder Consultation.

According to an official statement, the draft 'Sagarmala Innovation and Start-up Policy' pitches for digital portal-based selection of startups to ensure a transparent process. It also emphasised on developing centralised repository containing all pertinent information to assist emerging entrepreneurs.

As per reports, the draft policy calls for creation of launch pads at ports for carrying out trials, facilitating pilot projects, establishing working space and adopting products and solutions.

It also points out the urgent need to provide legal and accountancy back up to startups for IP-patent filing, company registration, annual filings and closures.

Ports, Shipping and Waterways Minister Sarbananda Sonowal said, "The startup India policy is the brainchild of PM Narendra Modi and this is the right step taken by MoPSW to create a strong ecosystem for fostering startups and innovation in the nation.”

"This will surely promote innovation and entrepreneurship. Through this policy, MoPSW wants to enable startups to grow and prosper through innovations,” he said.

The draft policy identified several key areas for the startups to flourish, including decarbonisation, optimising processes through data, maritime education, multi-modal transportation, manufacturing, alternate/advance materials, maritime cybersecurity, smart communication and marine electronics.  (KNN Bureau)