In between April 2019 and December 2021, Delhi added more than 5,000 recognised startups while 4,514 startups were added in Bengaluru.
Delhi has become the startup capital of India, outdoing Bengaluru on the number of startups added since April 2019, according to the Economic Survey 2022.
How Kejriwal turn Delhi into startup hub?
Going by the mandate of chief minister Arvind Kejriwal, the industries department of Delhi government worked relentlessly over the past few years to ensure ease of doing business. It coordinated with 30 departments and the civic bodies to eliminate redundant compliance that any company was required to fulfil to set up its business. Till date, 460 compliances have either been eliminated, amended or simplified,” Shah said.
He added, “The compliances included doing away with the necessity to submit notarised affidavits and replacing it with self-declaration and increasing the validity of various certificates or approvals from one year to three years.
To conclude, the process of starting a business in Delhi has been made simple and many ease have been provided which gave the positive outcome.