Making a reference to discussions with vice-president M Venkaiah Naidu and some ministers recently, Prabhu mentioned how the humongous African market is waiting to be exploited by Indian entrepreneurs if they can come up with the right ideas. "India’s future lies in startups," the minister said. "Most businesses try to earn goodwill after they succeed. But entrepreneurs must come up with a business idea, which can be a business opportunity and earn goodwill at the same time. These candidates presented their ideas to an investment committee that prepared a final shortlist of candidates who were given cash grants and seed funds worth a total of Rs 6.2 crore.

Source: Economic Times March 28, 2018 02:37 UTC