Nasscom to set up two start-up warehouses in Maharashtra

New Delhi: Industry lobby Nasscom on Friday said it has tied up with the government of Maharashtra to set up two start-up warehouses in Navi Mumbai and Pune as a part of its larger programme through which it has joined hands with software companies to mentor and establish 10,000 start-ups by 2023.

Nasscom was looking to expand its start-up warehouse programme to Kolkata, Pune, Mumbai and Hyderabad, Mint had reported in December.

The warehouses, said Nasscom in a statement on Friday, will be a “co-working facility that can be leased by start-ups for six months at a nominal cost...with high-speed Internet connections of up to 10 Mbps, and (with) basic utilities like electricity and water”.

“Maharashtra and Mumbai has always been the business hub of India.... With the new government’s focus on creating a conducive ecosystem for businesses and entrepreneurship to grow, I am sure this new warehouse will provide a platform for the young minds to breed,” R. Chandrashekhar, president of Nasscom, said in the statement.

The first such facility was set up in Bengaluru in 2013.

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