However, it seems like the department for promotion of industry and internal trade (DPIIT) has understood the problem and now proposed to reduce the compliance time in its drafted Startup India Vision 2024 document.
The vision document also proposes allowing startups to bid for government work orders and pilot projects besides the government-run online marketplace.
It also seeks the implementation of ranking for ministries and central public sector undertakings (PSUs) determined by their engagement with startups.
Since the launch of Startup India programme, the Indian government has been striving hard to make compliance simpler and faster for startups.
However, early-stage startups still face difficulties as compliance still remains a big expense. | To read full story, visit https://startuparound.com/read/1573988406.651365/DPIIT-Seeks-To-Reduce-Compliance-Time-For-Startups-To-Just-One-Hour?ref=audio_experience