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ENTREPRENEURIAL INDIA by

KPGM- TiE Report. ENTREPRENEURIAL INDIA by . ENTREPRENEUR’S VIEWPOINT. Availability of finance. unavailability of easy and sufficient finances. Policy framework from Government. Bureaucracy, Corruption, poor implementation of existing policies. Access to market.

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ENTREPRENEURIAL INDIA by

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  1. KPGM-TiE Report ENTREPRENEURIAL INDIAby

  2. ENTREPRENEUR’S VIEWPOINT • Availability of finance. unavailability of easy and sufficient finances. • Policy framework from Government. Bureaucracy, Corruption, poor implementation of existing policies. • Access to market. Formidable barriers to high growth Entrepreneurship.

  3. STATE’S VIEWPOINT • Partnership approach • Cost benefit matrix • Prioritization

  4. ENTREPRENEURSHIP IN INDIA • Negatives: • Mostly need based rather than opportunity based. • Formidable barriers. • Inconsistent rules and lax enforcement. • Positives: • Liberalization and globalization. • High growth rate. • New public policies and opening up of new areas.

  5. ENTREPRENEURIAL INDIA 2009 • Focuses on redesigning Indian entrepreneurial ecosystem. • Fostering high growth entrepreneurial activity. • Regulatory and policy framework. • Assessment of 6 Indian states.

  6. ASSESSMENT :- PUNJAB

  7. PUNJAB :- POLICY FRAMEWORK • 68% of annual food production of India. • Policy highlights: • Synergy between agricultural and industrial sectors. • No CLU charges or license fees. • Dedicated annual fund of Rs 1.5 billion. • Creation of land banks. • Extended policy incentives.

  8. PUNJAB :- POLICY FRAMEWORK • IT/ ITES policies :- Exemption of taxes, VAT standardization. • Agro policy :- Subsidies. • Notification textile policy :- Reduction in electricity. • Biotech policy :- Promotions, institutes. • Micro and SME policy :- Subsidies.

  9. PUNJAB :- POLICY IMPACT VC fund for IT Industry

  10. ASSESSMENT :- GUJRAT

  11. GUJRAT :- POLICY FRAMEWORK • Leading industrial states in India. • Policy highlights • Specific Investment regions. • Mega projects to facilitate large scale industrialization. • Promotion of cluster development approach. • Financial assistance for up gradation. • Public Private Partnership Model.

  12. GUJRAT :- POLICY FRAMEWORK • IT/ITES Policy :- SEZ, Investment up to Rs 14 billion • Bio tech policy :- private partnerships, investments. • Gems and Jewellery policy :- Financial assistance, Jewellery parks. • Textile and Apparel policy:- Investment, Institutions. • Micro and SME policy :- Subsidy, R&D.

  13. POLICY IMPACT

  14. ASSESSMENT :- DELHI

  15. DELHI :- POLICY FRAMEWORK • Large presence of manufacturing units. • Policy highlights : • Relocating and phasing out polluting industries. • Promotion of skilled and high tech industries. • Cluster approach. • Public Private Partnership. • R&D and education hubs. • Business Facilitation Mission.

  16. DELHI :- POLICY FRAMEWORK • IT/ITES Policy :- employment, e- governance, promotion of entrepreneurship, investment. • SEZ policy :- Exemption from taxes, investment. • Transport policy :- affordable and non polluting means. • SME policy :- single window clearance, export promotion and investment.

  17. POLICY IMPACT

  18. ASSESSMENT :- TAMIL NADU

  19. TAMIL NADU :- POLICY FRAMEWORK • Leading industrial and manufacturing state. • Policy highlights: • Expanding manufacturing sector. • Efficient and industrial infrastructure. • Financial assistance. • Business Facilitation Act. • Cluster development. • E-Governance system.

  20. TAMIL NADU :- POLICY FRAMEWORK • IT/ITES policy :- 50% exception, unrestricted movement of capital, IT parks. • Handloom and Textile policy :- Hi-tech weaving parks, registration of products. • Biotech policy :- Biotechnological enterprises zone, single window facility, industry status, investment. • SME policy :- encourage agro based industries, new industrial estates, financial assistance.

  21. POLICY IMPACT

  22. ASSESSMENT KARNATAKA

  23. KARNATAKA :- POLICY FRAMEWORK • Silicon valley of India. • Policy highlights : • Development of sector wise industrial zones. • World class infrastructure facilities. • Performance linked packages. • Development of skilled manpower. • Public Private Partnership. • Self employment • Investments.

  24. KARNATAKA :- POLICY FRAMEWORK • IT/BPO Policy :- continuous and uninterrupted supply of power and water, Venture capital assistance, Exemptions from taxes. • Biotechnology policy :- exemptions on stamp duty and taxes, mega projects undertaken. • SEZ policy :- single point clearance, industrial townships, exemptions on electricity and other cess. • SME policy :- price preference, credit guarantee fund trust, incentive packages.

  25. POLICY IMPACT

  26. ASSESSMENT :- MAHARASHTRA

  27. MAHARSHTRA :- POLICY FRAMEWORK. • Leading industrialized and urbanized areas of India. • Policy highlights : • Quality infrastructure. • Quality competitiveness. • New industries in C, D and D+ areas. • Special capital incentives.

  28. MAHARSHTRA :- POLICY FRAMEWORK. • IT/ITES policy :- lower property rates, exemptions, minimal sales tax, non fiscal incentives. • Biotech policy :- fiscal benefits, biotech parks, special incentives. • Tourism policy • SEZ policy :- captive power generation. • SME policy :- special institution for SME’s, special capital incentives.

  29. POLICY IMPACT

  30. CREATING AN ENTREPRENEURSHIP CULTURE • Attempts at various levels to promote directly or indirectly entrepreneurship. • Slow growth, highly regulated market – high growth market. • Identify leading practices across 6 states. • Inclusive growth, improved efficiency and market alignment.

  31. CREATING AN ENTREPRENEURSHIP CULTURE

  32. CONCLUSION • Improve quality, availability and accessibility of financing. • Enhance business growth potential of existing companies. • Promote wider geographic penetration. • Emphasize critical role of state governments. • Strengthen entrepreneurial values and attitudes. • Select and implement leading policies of 6 states covered.

  33. GLOBAL EXPERIENCES • 6,00,000 firms formed in America every year. • America, Singapore have created a conducive atmosphere for entrepreneurship. • Singapore has the world’s least effective tax rate. • 4 out of 10 Filipinos (Philippines) are engaged in business. • Israel is Silicon Valley 2.

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