DPIIT to organise global summit on startups on Jan 15-16

The Commerce and Industry Ministry will be organising a global summit on startups on January 15 and 16 next year to promote the growth of the sector, an official said.

Startups from Asian countries, domestic players and global entrepreneurs would participate in the virtual summit, the official in the Department for Promotion of Industry and Internal Trade (DPIIT) said.

Prime Minister Narendra Modi is expected to address the participants on January 16.

Global and domestic venture capital funds, regulatory authorities like SEBI (Securities and Exchange Board of India), Reserve Bank of India, Central Board and taxation agencies - CBDT (Central Board of Direct Taxes) and CBIC (Central Board of Indirect Taxes and Customs) would also participate in the summit.

The details of the application process may be seen at www.startupindia.gov.in

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