The National Startup Advisory Council (NSAC) was constituted by the Department for Promotion of Industry and Internal Trade in January 2020 to advise the government on building a robust ecosystem for nurturing innovation and startups. It is chaired by the Minister of Commerce and Industry and has official as well as 31 non-official members representing diverse stakeholders. Recently, NSAC was reconstituted by nominating new non-official members for a 2-year term. It plays a pivotal role through regular meetings in suggesting measures to promote innovation, reduce costs and regulations, facilitate access to capital and global markets for startups. The upcoming 8th NSAC meeting will set the agenda for further expansion of the startup ecosystem.
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