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IMDR’s Journal of Management Development and Research 2020-21
crores. The approval for the scheme will be followed Bank. India rose 17 scores, positioned at 63rd
by the success of the PLI-scheme related to mobile situation by The World Bank.
and component manufacturing. Under this, ₹34,000 ¾ India positioned 48 from 81 in the Global
crore investment has been made by some of the Innovation Index for 2020 (GII-2020).
top mobile companies, he said, adding that the ¾ The Government of India has attempted a
government planned to bring similar incentives for few activities and established approach
laptops and tablet manufacturing. measures to encourage a culture of
For the inclusion of MSMEs in the scheme, the development and business venture in the
minimum investment threshold has been kept at ₹10 country.
crores, while for others it is ₹100 crore. For MSMEs,
a 1% higher incentive is also proposed in the first Conclusion
three years. Once qualified, the investor will be There are immense freedoms accessible in
incentivized up to 20 times of minimum investment generally all fields for business in India. The
threshold enabling them to utilize their unused businessperson needs to pick the correct field of his
capacity. “With the telecom industry going through own enthusiasm. As examined in this exploration,
a very difficult phase, this move of the government the entryways of chances are open in the travel
would surely incentivize telecom service providers,” industry, energy, car, material, squander the board,
who opt for equipment manufactured locally, thus wellbeing area, natural cultivating, media, toys,
saving on substantial costs relating to imports. pressing, transportation, food preparing, instruction
“While we need to wait and see as to whether there and preparing, supply and showcasing and so on The
will be many takers for this scheme, surely it appears Indian government is additionally adding to set out
that these developments are on the right path towards open doors through “make in India”. The business
self-sufficiency.” visionaries can get these chances. The finish of this
Sukanya Dasgupta – Founder of Cazzkaro – exploration is that; there is a parcel of chances
Case Study accessible for businesspeople in India. From these
“On speaking with an entrepreneur about changes, anybody can begin and investigate himself
the new schemes launched to foster the growth as a businessperson by picking the correct field.
of entrepreneurship, we found that the policies
actually helped as receiving of funds become easier References
and taxes were waived off till2022, up to a certain ¾ Pednekar P. (2011), Innovation Entrepreneurship and
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system. and%20Challenges.pdf
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index/
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Opportunities. ¾ Atmanirbhar Bharat Abhiyan (Self-Reliant India
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atmanirbhar+bharat+abhiyan+(self-
It likewise mirrors a general public’s ability reliant+india+mission)
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seventeenth Annual Report by The World overview
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