Destination India: Let your business take desi roots!

Setting up a business is not considered an easy task; for, with any kind of business comes a certain amount of risk. While taking calculated risks is a given, it is the unknown that often makes way for hesitation. It is therefore no wonder that traditionally, business and trade in India have always been concentrated in the hands of a few, who either hail from a family that has conducted business over generations, or who have adequate financial resources.

But several developments in the current scenario have made it possible to have an easier start as an entrepreneur in India. Incorporating a start-up in the field is no longer a challenge, with digitization making the entire process easier and simpler, with lesser costs.

Foreign Direct Investment (FDI) has opened up flood gates of investment from other countries, while Prime Minister Modi’s ‘Make in India’ is making waves. The latest government initiative, "Start-up India" aims at creating a conducive environment for start-ups to take root and thrive. The benefits of this initiative include single window clearance, an 80% deduction in patent registration fee and tax exemption on profits for 3 years. Registration of a new entity can be done online either through the Ministry of Corporate Affairs(MCA) or Registrar of Firms.

While the very process of registering a new company has become easier, with even single-person companies being recognized under the ‘Start-up India’ initiative, the biggest problem facing most entrepreneurs is setting up infrastructure for the new business. Based on the location of the industry, the entrepreneur must consider purchasing land to set up an office, or rent commercial space, which must fit the budget and also be easily accessible to different modes of transport, and must be located at a commercial centre.

The best way to tackle the situation is to opt for a co-working space. iKeva is a prime example of how a well-managed

Freelancer, Having interest on internet marketing.