Home / Knowledge / News / Apparel/Garments / 'Budget should've given more impetus to start-ups'
'Budget should've given more impetus to start-ups'
Mar '16
The Union Budget 2016-17 should have given more impetus to start-ups as it hardly focuses on the start-up ecosystem and is only for the common man, feel e-commerce experts.

“Government has announced a good development Budget for common people, but there is not much in it for start-ups and corporate offices in terms of policy simplification, Anupam Tulsyan, founder of Peachmode.com said.

Sanjay Sethi, CEO of Shopclues.com said finance minister Arun Jaitley has certainly made several important announcements for start-ups in his Budget. “A good amount has been allocated for women entrepreneurs and members of scheduled castes and schedules tribes. Jobs will be created and the economy will be boosted owing to tax exemption for start-ups,” he said.

“However, we do believe that overall a lot more impetus could have been given to the start-up eco-system through this Budget,” he added.

Besides, there is no clarity on the goods and services tax and no reduction on the corporate tax either, said Tulsyan. Rather the service tax has increased, he observed.

Echoing him, Shailesh Jain and Anup Nair, co-founders of Mirraw.com said, “Though we had hoped for announcement on clarity of GST, the Union Budget appears to be the one that is focused on development and is for the common man.” (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Polyester yarn price surge affects Surat textile industry

Textiles | On 22nd May 2018

Polyester yarn price surge affects Surat textile industry

The prices of polyester yarn have increased about 12-15 per cent in...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Courtesy: Myntra

Fashion | On 22nd May 2018

Myntra to launch exclusive red carpet line at IIFA 2018

India’s leading destination for fashion online, Myntra, is all set to ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search