Mr. Suchit Punnose: Founder, Red Ribbon Advisory Services:

“RBI’s announcement to create an eco system that is conducive for the growth of startups is an excellent move towards enabling a friendly startup eco system for India. With ideas budding in each and every part of the country, India will see more and more entrepreneurs to come to the forefront and take the required risks to run an enterprise. Time consuming procedures like obtaining licenses, reporting procedures and raising funds required for running an enterprise will now be eased through the conducive investment framework announced by RBI. These moves are poised to give a fillip to the start up sector and improve the sentiment towards government procedures.”


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