Minister of Commerce & Industry Shri Piyush Goyal on April 15, 2021 chaired the first meeting of National Startup Advisory Council (NSAC).
- Department for Promotion of Industry and Internal Trade (DPIIT) had constituted the National Startup Advisory Council to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.
- Besides the ex-officio members, the council has a number of non-official members, representing various stakeholders such as founders of successful startups, veterans who have grown and scaled companies in India, persons capable of representing interest of investors into startups, persons capable of representing interests of incubators and accelerators, representatives of associations of stakeholders of startups and representatives of industry associations.
- In his inaugural address, Shri Goyal said that this council shall act as the guiding light for many budding startup entrepreneurs in India. He said that this is the first time in our nation’s history where such a high-powered team of people from the private sector and the Government have come together, so that ‘You take your own policy decisions’.
