Startups are coming up as one of making india initiative program run/ promoted by GOI where each and everyone is trying to build their own business model and everybody is trying to prove that their business model is long sustainable and accordingly they publish or look for new investors who can invest in their business model and In fact these start-ups just try to convince the investor to come and invest in their business idea but you know eventually when you see that one would know that these guys are just trying to to sell their Idea and they just want to get out from their business as soon as possible so it just kind of scam because as you would not be much aware about the taxation system also and about the startup definition which has useful meaning by which whoever falls in this category can get huge benefits related to easy finance, tax holidays etc to get tax benefit for the next 5 to 10 years and there are lot of other SOPS are available for them to save lot more money in their early stages so many of the startups are trying to build their own business models and at the same time they trying getting lot of finances from the Financial Institutions and later on if at all it is not happening so probably they will end up making default in those things.
There are several reports which are available on web which tells us that significant number of starts up got failed and their business models were not sustainable, so just think about the investment/ finance which would have been made by financial institutions which eventually make a burden on our society at large and think about the TAX SOPS which agains has been giving from the pocket of taxpayer money only...
To do a business, it needs sensible idea to move forward and just because a government is trying to lure local business competitive, they can not put people hard earned money on such funny projects which eventually will make india in breaking shape...
There should a separate PL for all such initiative that are being given by a GOVT to just showcase their own motives.....
Cheers!!!!
Anuj Agrawal
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