India to have world's biggest startup incubation centre

By Digit NewsDesk | Published on 06 Apr 2016
HIGHLIGHTS

The Telangana government announced the move as part of the Telangana IT Policy 2016.

India to have world's biggest startup incubation centre

OnePlus TV 32Y1 - Smarter TV

Android TV with superior craftsmanship and elegant design - Buy Now

Click here to know more

Advertisements

The government of Telangana announced, on Monday, that it will set up the world’s biggest startup incubation centre in India. According to reports, the government will set up 1 million square feet of infrastructure space, in collaboration with the private sector. This will then be used for entrepreneurship activities and startups, over a period of five years. The move is part of the Telangana IT Policy 2016 and was unveiled by Chief Minister K Chandrashekhar Rao yesterday. 

Further, international financial institutions will be roped in to deploy approximately $300 million (Rs. 2,000 crore) worth of aid for entrepreneurs. The government also launched four sub policies on innovation and startups, gaming and animation, rural technology, design, electronics and manufacturing.

“We assure you hassle-free, corruption-free clearances in the stipulated period. We gave approval to 1,691 units after launching the industrial policy last year and of them, 883 have been in various stages of production. We will do so for the IT sector as well, depending upon the merit of their applications,” said Rao, inviting IT companies to invest in Telangana.

logo
Digit NewsDesk

The guy who answered the question 'What are you doing?' with 'Nothing'.

Digit caters to the largest community of tech buyers, users and enthusiasts in India. The all new Digit in continues the legacy of Thinkdigit.com as one of the largest portals in India committed to technology users and buyers. Digit is also one of the most trusted names when it comes to technology reviews and buying advice and is home to the Digit Test Lab, India's most proficient center for testing and reviewing technology products.

We are about leadership-the 9.9 kind! Building a leading media company out of India.And,grooming new leaders for this promising industry.

DMCA.com Protection Status