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“The much awaited unveiling of #StartupIndia by Prime Minister of India has brought lots of positively among the entrepreneurs in India. We are elated by the fact that India has the third largest number of start-ups globally. IESA (Indian Electronics and Semiconductor Association) applauds the government on being a facilitator to build the startup nation. With the Government’s support, a startup can be built in a day which will definitely motivate many young entrepreneurs to turn ideas into action thereby increasing the jobs in India as well,”says M N Vidyashankar, President, IESA.
He added on the issue, “Amongst the many action plans discussed, I would like to share my views on the Legal support for filing patents at free of cost and 80% reduction in filing patent fee. This action would bring out the confidence among the entrepreneurs to startup with hassle free process. With faster patent registration and protection for Intellectual Property rights, every entrepreneur would be confident of not losing his or her ideas to any other.”