By TIOL News Service

NEW DELHI, JUNE 28, 2017: THE 'Startup India' initiative of the government visualizes in building a strong eco-system for nurturing innovation in the country and empowering startups to grow through innovation and design.

The Commerce and Industry Minister Mrs Nirmala Sitharaman has written a letter to all members of parliament to consider setting up co-working spaces for startups in their constituency under the Members of Parliament Local Area Development Scheme (MPLADS) Fund. This step will promote the startup ecosystem in the country and help startups in their constituency make rapid strides towards establishing themselves and also create jobs.

The Minister said "we have been interacting with various Startups regarding their business needs and support that they expect from the government". She said one of the crucial aspects that needs to be addressed in this regard is infrastructure. She said startups may not be able to own/hire working space due to financial constraints, thereby, it was suggested that if government could support in creating co-working spaces, it could help translate their ideas into successful businesses.