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Shri Piyush Goyal urges startups to incorporate and list in India and not move to tax havens The startup revolution must be taken to tier-2 and tier-3 cities and villages of India Shri Piyush Goyal Shri Piyush Goyal calls for more focus on cyber security and data privacy in an era of digitization of the global economy Governments efforts to reduce compliance burden has encouraged innovation and made it easier to begin, operate, grow and exit businesses- Shri Piyush Goyal Union Minis
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FAQ :
Piyush Goyal called for strengthening ethics and corporate governance norms in startups, urging more transparency, better standards, benchmarks, and self-regulation.
He highlighted the need to curb malpractices such as fudging revenues, data fraud, and tax evasions at an early stage.
He wants the startup revolution to be taken to tier-2 and tier-3 cities and villages of India.
He expressed a desire for startups to incorporate and list in India, rather than moving to tax havens.
He noted that cybersecurity and data privacy are pressing issues in the era of digitization, and stressed the need to safeguard the enormous data collected by digital platforms.
He suggested that Venture Capitalists should promote and protect Intellectual Property, provide expertise for scaling up, and explore greater capital infusion.
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