Sitharaman writes to MPs to consider setting up co-working spaces/incubators for Start-ups under MPLADS Fund

New Delhi, June 28 (KNN) The Commerce and Industry Minister Nirmala Sitharaman has written a letter to all Members of Parliament to consider setting up co-working spaces/incubators for Start-ups in their constituency under the Members of Parliament Local Area Development Scheme Fund (MPLADS). 

She said this step will promote the Start-up ecosystem in the country and help Start-ups in their constituency make rapid strides towards establishing themselves and also create jobs.

In the letter, Sitharaman said the Start-up India initiative of the Government of India envisions building a strong eco-system for nurturing innovation in the country and empowering Start-ups to grow through innovation and design.

She said the Government has been making all-out efforts towards realizing the vision of the Start-up India Mission.

The Minister said “We have been interacting with various Start-ups regarding their business needs and support that they expect from the Government. “

She said one of the crucial aspects that need to be addressed in this regard is infrastructure.  She said Start-ups may not be able to own/hire working space due to financial constraints, thereby, it was suggested that if Government could support in creating co-working spaces, it could help translate their ideas into successful businesses. (PIB Inputs)