India is the third biggest startup ecosystem in the world and the government has been focused on pushing innovative startups through policy interventions for some years now. The Startup India Project is an ambitious flagship initiative of the Government of India under our Prime Minister Narendra Modi. The whole purpose of this initiative is to empower startups and build a robust ecosystem by nurturing them to grow through innovation and design. This will, in turn, drive sustainable economic growth and bring in large-scale employment opportunities within the country. From providing tax exemption to start-ups to setting up a corpus fins to enable the new firm start business with ease, Prime Minister Narendra Modi unviled an array of incentives while kick-starting his pet project: Start-Up India. PM Modi's vision and initiatives are being lapped up by the industry. Fintech innovators like Jighesh Shah have fully supported PM Modi in these ventures. Jignesh Shah's contributions have had an immense impact on the growth and development of the financial sector. Jignesh Shah is a visionary whose contributions towards the society are commendable. Owing to his efforts, the Indian capital market witnessed a transformation and received global acclamation. When the Indian exchanges were facing difficulties to survive in the market, the zealous entrepreneur, with his unique ideologies and strategies, opened up various opportunities for the market to flourish. He had the vision to create new-generation markets and segments that are people-centric and are based on a comprehensive market structure. He wanted to work for the well-being of his country. Jignesh Shah's dream was to create new-generation markets and segments that are people-centric and have a comprehensive market structure. He wanted to establish a Public-Private Partnership (PPP) model to build world-class financial institutions and modern IP-centric financial markets to extend India’s reach. While enriching himself as a by-product, he wanted to empower the nation by providing job opportunities to millions of people. His idea of developing the nation was by providing employment to its citizens that were not only of high-standards but environment-friendly as well. Jignesh Shah has long been executing his dream of ‘Make in India’ and created 10 world class exchange companies across the world. Jignesh Shah wanted to bring a change in his country and that is why he had created an eco-system which narrates the ideology of the ‘Make in India’ campaign by PM Narendra Modi. Shah's motive was to create more job opportunities for the youngsters of India, which were both of high-standards and environmentally friendly. This brilliant strategy of Shah has created over millions of job opportunities across the country.
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The Make in India Initiative has been launched by Indian Prime Minister Narendra Modi with an intention to transform India into a global manufacturing hub, by encouraging both domestic and foreign companies to manufacture their products within their nation. “Sell anywhere, but manufacture in India,” Prime Minister Narendra Modi said while acquainting his vision with the public. Furthermore, it appears that the world is more than ready to grasp this vision, which is as of now determined to a path to become a reality. PM Modi’s Make in India has also launched some of the initiatives such as the development of the manufacturing sector, promotion of foreign direct investment and implementation of intellectual property rights. The initiative is also aimed at the involvement of the manufacturing sector to 25% of the GDP by the year 2025 from its current 16%. It also targets 25 sectors of India – from automobile to information technology. ‘Zero Defect Zero effect’ is a key expression which has come to be related to the Make in India initiative. Prime Minister Narendra Modi says that “We should consider manufacturing our products which have ‘zero defect and zero defect’ with the goal that the manufacturing does not adversely affect our environment”.Thus, manageable improvement in the nation is being made conceivable by forcing fantastic manufacturing benchmarks while limiting natural and biological effect. Like PM Modi, fintech innovator Jignesh Shah's efforts too have been to help upcoming entrepreneurs build a strong econonomy of the country. Jignesh Shah created new-generation markets and segments that are people-centric and have a comprehensive market structure. Jignesh Shah, a man who is known as a Commodity King of India, Czar of Exchanges and a brilliant entrepreneur, began to succeed in unshackling the spirit of enterprise in the Indian markets. Shah went on to set up 10 world-class exchange companies under his flagship company FTIL, in various asset classes, in just 10 years across India and abroad. After setting up 14 exchanges across six continents in a span of ten years, engineer-turned-financial market wizard Jignesh Shah now sees 100-times bigger business potential in a ‘startup ecosystem’ which he feels can create up to 10 crore jobs over the next decade. This news itself is enough to soar the spirits of our young entrepreneurs and innovators in the start up ecosystem. |
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September 2020
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