Piyush Goyal chair meeting of National Startup Advisory Council

Tags: Economy/Finance National News

Union Minister of Commerce and Industry Piyush Goyal chaired the sixth meeting of the National Startup Advisory Council (NSAC) in New Delhi on 11 March.

An overview of the news

• The NSAC meeting deliberated on matters important for the development of the Indian startup ecosystem.

• The meeting covered important topics like Tech Landscape and the way forward, Innovation in Logistics, Making India a Global Skill Market, Innovation Hub, Women Entrepreneurship, Capacity Building for Domestic Capital.

• The meeting is expected to launch the Startup India Investor Connect portal, which has been conceptualized by NSAC and developed jointly by DPIIT and SIDBI.

About National Startup Advisory Council

• It was formed by the Department for Promotion of Industry and Internal Trade (DPIIT).

• Its objective is to advise the Government on measures needed to build a strong startup ecosystem.

Composition 

• Chairman - Minister for Commerce and Industry.

• Convener of the Council - Joint Secretary, Department for Promotion of Industry and Internal Trade.

• Ex-officio Members - Nominees of the concerned Ministries, Departments and Organisations not below the rank of Joint Secretary.

• Non-Official Members - Founders of successful Startups nominated by the Government from various categories, people who have grown and expanded companies in India, persons capable of representing the interests of investors in Startups, etc.