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Transforming India's Entrepreneurial Landscape: Insights and Policies for Growth

This report explores the challenges and opportunities for entrepreneurship in India, highlighting key issues such as access to finance, bureaucratic hurdles, and market barriers. It evaluates the diverse policy frameworks across states like Punjab, Gujarat, Delhi, Tamil Nadu, Karnataka, and Maharashtra, assessing their impacts on promoting high-growth entrepreneurial activity. By encouraging a partnership approach and prioritizing regulatory frameworks, this analysis aims to foster a robust ecosystem for innovation and business development in India.

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Transforming India's Entrepreneurial Landscape: Insights and Policies for Growth

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  1. KPGM-TiE Report ENTREPRENEURIAL INDIAby

  2. ENTREPRENEUR’S VIEWPOINT • Availability of finance. unavailability of easy and sufficient finances. • Policy framework from Government. Bureaucracy, Corruption, poor implementation of existing policies. • Access to market. Formidable barriers to high growth Entrepreneurship.

  3. STATE’S VIEWPOINT • Partnership approach • Cost benefit matrix • Prioritization

  4. ENTREPRENEURSHIP IN INDIA • Negatives: • Mostly need based rather than opportunity based. • Formidable barriers. • Inconsistent rules and lax enforcement. • Positives: • Liberalization and globalization. • High growth rate. • New public policies and opening up of new areas.

  5. ENTREPRENEURIAL INDIA 2009 • Focuses on redesigning Indian entrepreneurial ecosystem. • Fostering high growth entrepreneurial activity. • Regulatory and policy framework. • Assessment of 6 Indian states.

  6. ASSESSMENT :- PUNJAB

  7. PUNJAB :- POLICY FRAMEWORK • 68% of annual food production of India. • Policy highlights: • Synergy between agricultural and industrial sectors. • No CLU charges or license fees. • Dedicated annual fund of Rs 1.5 billion. • Creation of land banks. • Extended policy incentives.

  8. PUNJAB :- POLICY FRAMEWORK • IT/ ITES policies :- Exemption of taxes, VAT standardization. • Agro policy :- Subsidies. • Notification textile policy :- Reduction in electricity. • Biotech policy :- Promotions, institutes. • Micro and SME policy :- Subsidies.

  9. PUNJAB :- POLICY IMPACT VC fund for IT Industry

  10. ASSESSMENT :- GUJRAT

  11. GUJRAT :- POLICY FRAMEWORK • Leading industrial states in India. • Policy highlights • Specific Investment regions. • Mega projects to facilitate large scale industrialization. • Promotion of cluster development approach. • Financial assistance for up gradation. • Public Private Partnership Model.

  12. GUJRAT :- POLICY FRAMEWORK • IT/ITES Policy :- SEZ, Investment up to Rs 14 billion • Bio tech policy :- private partnerships, investments. • Gems and Jewellery policy :- Financial assistance, Jewellery parks. • Textile and Apparel policy:- Investment, Institutions. • Micro and SME policy :- Subsidy, R&D.

  13. POLICY IMPACT

  14. ASSESSMENT :- DELHI

  15. DELHI :- POLICY FRAMEWORK • Large presence of manufacturing units. • Policy highlights : • Relocating and phasing out polluting industries. • Promotion of skilled and high tech industries. • Cluster approach. • Public Private Partnership. • R&D and education hubs. • Business Facilitation Mission.

  16. DELHI :- POLICY FRAMEWORK • IT/ITES Policy :- employment, e- governance, promotion of entrepreneurship, investment. • SEZ policy :- Exemption from taxes, investment. • Transport policy :- affordable and non polluting means. • SME policy :- single window clearance, export promotion and investment.

  17. POLICY IMPACT

  18. ASSESSMENT :- TAMIL NADU

  19. TAMIL NADU :- POLICY FRAMEWORK • Leading industrial and manufacturing state. • Policy highlights: • Expanding manufacturing sector. • Efficient and industrial infrastructure. • Financial assistance. • Business Facilitation Act. • Cluster development. • E-Governance system.

  20. TAMIL NADU :- POLICY FRAMEWORK • IT/ITES policy :- 50% exception, unrestricted movement of capital, IT parks. • Handloom and Textile policy :- Hi-tech weaving parks, registration of products. • Biotech policy :- Biotechnological enterprises zone, single window facility, industry status, investment. • SME policy :- encourage agro based industries, new industrial estates, financial assistance.

  21. POLICY IMPACT

  22. ASSESSMENT KARNATAKA

  23. KARNATAKA :- POLICY FRAMEWORK • Silicon valley of India. • Policy highlights : • Development of sector wise industrial zones. • World class infrastructure facilities. • Performance linked packages. • Development of skilled manpower. • Public Private Partnership. • Self employment • Investments.

  24. KARNATAKA :- POLICY FRAMEWORK • IT/BPO Policy :- continuous and uninterrupted supply of power and water, Venture capital assistance, Exemptions from taxes. • Biotechnology policy :- exemptions on stamp duty and taxes, mega projects undertaken. • SEZ policy :- single point clearance, industrial townships, exemptions on electricity and other cess. • SME policy :- price preference, credit guarantee fund trust, incentive packages.

  25. POLICY IMPACT

  26. ASSESSMENT :- MAHARASHTRA

  27. MAHARSHTRA :- POLICY FRAMEWORK. • Leading industrialized and urbanized areas of India. • Policy highlights : • Quality infrastructure. • Quality competitiveness. • New industries in C, D and D+ areas. • Special capital incentives.

  28. MAHARSHTRA :- POLICY FRAMEWORK. • IT/ITES policy :- lower property rates, exemptions, minimal sales tax, non fiscal incentives. • Biotech policy :- fiscal benefits, biotech parks, special incentives. • Tourism policy • SEZ policy :- captive power generation. • SME policy :- special institution for SME’s, special capital incentives.

  29. POLICY IMPACT

  30. CREATING AN ENTREPRENEURSHIP CULTURE • Attempts at various levels to promote directly or indirectly entrepreneurship. • Slow growth, highly regulated market – high growth market. • Identify leading practices across 6 states. • Inclusive growth, improved efficiency and market alignment.

  31. CREATING AN ENTREPRENEURSHIP CULTURE

  32. CONCLUSION • Improve quality, availability and accessibility of financing. • Enhance business growth potential of existing companies. • Promote wider geographic penetration. • Emphasize critical role of state governments. • Strengthen entrepreneurial values and attitudes. • Select and implement leading policies of 6 states covered.

  33. GLOBAL EXPERIENCES • 6,00,000 firms formed in America every year. • America, Singapore have created a conducive atmosphere for entrepreneurship. • Singapore has the world’s least effective tax rate. • 4 out of 10 Filipinos (Philippines) are engaged in business. • Israel is Silicon Valley 2.

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