Industry to be equal stakeholder in StartUps: Dr Jitendra

Hyderabad, March 8 : Union Minister of State Dr Jitendra Singh has said that the Industry should be ready to take up the responsibility of being an equal stakeholder in StartUps, right from the moment the project is conceived.
This, he said, is essential not only for sustaining the startUps in the long run by linking them with livelihood, but also for bringing about value addition to the Indian Industry as per the contemporary global benchmarks.
Addressing a special session of Industrialists, StartUps and Innovators at the Indian Institute of Chemical Technology (IICT) here and earlier during over one hour one-to-one interaction with representatives of some of the leading Industrialist Houses, Dr Jitendra Singh said, Hyderabad is known to be a destination of Health and Wealth as well as the pharma capital of the region.
Under Prime Minister Narendra Modi, Dr Jitendra Singh said, for the first time after several decades, we have a political leadership and a ruling dispensation which are amenable to abandon the obsolete regulations of the past and to bring in enabling reforms for ease of StartUps as well as ease of business.
He advised the Industry leaders to set up an institutionalised mechanism and come forth with precise and concrete proposals for doing away with unwarranted regulations and options to avoid procedural delays.
The minister said, each of the 37 CSIR (Council of Scientific & Industrial Research) Labs spread across the country is dedicated to a different exclusive area of work and the ongoing “One Week, One Lab” campaign is offering an opportunity to each one of them to showcase the work being done by it so that others can avail of it and stakeholders learn about it.
He said, keeping in tune with the transformations, the new tagline for CSIR is – “CSIR-The Innovation Engine of India”. With a pool of over 4,500 scientists, CSIR can reorient and revitalize to emerge as Global Centres of Innovations in the Amrit Kaal, the Minister emphasised.