DPIIT to announce ranking of States/UTs on start-up initiatives on January 16
The Hindu
“The Commerce and Industry Ministry’s arm Department for Promotion of Industry and Internal Trade (DPIIT) on January 16 will announce ranking of States and Union Territories for 2022 based on initiatives taken for start-ups,” an official said.
“The Commerce and Industry Ministry’s arm Department for Promotion of Industry and Internal Trade (DPIIT) on January 16 will announce ranking of States and Union Territories for 2022 based on initiatives taken for start-ups,” an official said.
The exercise aims to evaluate measures taken by States/UTs to boost the start-up ecosystem during a specified period. It also aimed at supporting States and Union Territories (UTs) in developing their start-up ecosystem and learning from each other's best practices.
"The ranking is a periodic capacity building exercise developed and released by DPIIT that evaluates States and UTs on their efforts to build an ecosystem conducive to growth of start-ups," the official said.
The major objectives of the ranking exercise are: Facilitating States and UTs to identify, learn and replace good practices, highlighting the policy intervention by States and UTs for promoting start-up ecosystem and fostering competitiveness among States.
The last ranking was released on July 4, 2022 in which Gujarat, and Karnataka were ranked among best performer States in providing a strong ecosystem for start-ups. This will be the fourth edition of the exercise.
In the last ranking, States and UTs were evaluated across seven reform areas consisting of 26 action points, ranging from institutional support, fostering innovation, access to market, incubation and funding support. The government is taking a series of steps to promote these enterprises.