After USA and UK, India with 4200 enterprises, has earned the third rank in the world in terms of number of start-ups. In recent future, it will come to the track with much more speed to take it to the next level. It was difficult to start up in India because of the complicated regulation and investment problems. But now it would be much easier to start any business with flexibility which will come from single window system, tax breaks and incentives to develop a region.
Indian Prime Minister Mr. Narendra Modi has declared Start-up India program to encourage the entrepreneurs. It simplifies to regulate a business in India by creating easy tax structure, single window system and easy compliance process for entrepreneurs across the country. The development of the technology has already made it easy to lead a global business from any corner of the country. The technology has joined the worldwide businesses and individuals. Now this plan will give a single window for start-ups in India, and surely it will be a great benefit for businesses.
Entrepreneurs are mostly frightened to start and lead a business within the numerous challenging tasks involved. When resources are limited, entrepreneurs feel something hectic to put much time, effort and money to navigate complex business environment that involves labyrinth of registration, approvals and permits and other archaic laws. They hardly show the confidence to struggle against all these things for bringing their business into live position.
With the single window of start-up India and other flexibilities in this program, the entrepreneurship will come to the next level. The enthusiastic persons will come up with lots of talent, energy and dedication to make this nation developed in some next decades. The single window for start-up will give a strategic direction for entrepreneurship in India to lead their business across the border with ease. Ease of doing business, clarity of taxation structure, incentives to develop regions and single window clearances are the most important things that all entrepreneurs look for before jumping to the entrepreneurship.
The most important benefit for entrepreneurs will come from the applying the single window system. Because of it, the enthusiastic will feel freedom from complicated process of permissions, registration and approvals of the cross boarder trades. It would create an ease to regulate the business ensuring the minimal effort, time and money in it. It will also be a great freedom from the red tape system what most businesses have to face.
Business regulation becomes much more difficult within the system of red tape in India that is why most entrepreneurs who start business in India but very soon realize that it is not easy to overcome the complexity of the regulation in India. They finally move to abroad where they find ease in regulation and a single window clearance. Industry experts have always been suggesting that India should realize importance of a single window of startup to create an easy and convenient way to their cross boarder business.