India plans start-up exchange programme with Nepal, Bangladesh, Bhutan

India plans to bring in more cross-border start-up exchange programmes with neighbours

BS Web Team New Delhi

Listen to This Article

India is planning start-up exchange programmes with its neighbours to boost entrepreneurial cooperation in the region, reported Economic Times (ET).
After developing a framework for exchange with Bangladesh, India is now planning to execute a similar initiative for Bhutan and Nepal, according to the ET report.

India in its exchange programme aims to support exchange visits between startups from India and the neighbouring countries to facilitate and enhance partnerships, business relations and knowledge exchange. Which in turn can help boost the subcontinent's economy through the exchange of ideas in emerging areas of technology and innovation.
India has already carried out a few exchange programmes, however, the country is now planning to organise a more structured and broader exchange programme annually with startups from Nepal and Bhutan.

With several unicorns coming up in India, the demand for such exchange programmes has only increased over the past few years, the ET report said citing a government official.
Such exchange programmes in the region will not only help MSMEs in the region but also provide support for Global Value Chains (GVC) that are looking to make a shift.

Also Read

Crisis in multilateralism affecting developing nations most: PM at G20 meet

G20 foreign ministers' meeting today: Schedule, agenda, other details here

LIVE: Blinken asks for 'contact' with Russian Foreign Minister Lavrov

Layoffs continue at startups; funding winter, macro uncertainty to blame

G20 foreign ministers' meeting to kick off in Delhi today; all details here

Public sector banks' total profit crosses Rs 1 trn-mark in 2022-23

Centre plans to make Chhattisgarh's Gevra Asia's largest coal mine

Discoms' dues down by 3rd soon after enforcing Late Payment Surcharge Rule

FMCG makers expect sustained recovery with price reduction in FY24

Govt planning to introduce amendment bill for minerals mined offshore

Since 2016, India has tried to ease the policy atmosphere for startups. Until now, the Department for Promotion of Industry and Internal Trade (DPIIT) has recognised more than 61,000 startups across 55 industries.
As India pushes for resilient GVCs through its G20 presidency, the development of such regional chains with a focus on startups can help India as well as its neighbours.

First Published: May 21 2023 | 2:53 PM IST

Explore News