Norwegian company to support start-ups in India

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New Delhi, Feb.18 (ANI): The Indian branch of the Norwegian company Petroleumsoft, a company that provides technology services to oil and gas firms in India, will now be supporting start-ups in India.

Rameshwar Paswan, the founder of the company, based in Stavanger, the ‘oil-capital’ of Norway, spoke about his company’s plans in India in a recent interview to an English daily.

The Start-Up entrepreneurs network is based on membership and offers mentorship, workspace and assistance in business set-ups. Through the network, Petroleumsoft and other tech companies will provide long-term financial, skill and knowledge support to new Indian start-ups.

Paswan, along with other entrepreneurs, is acting as a mentor for members in the network.

The mentors will share their knowledge and experience from starting up their own businesses.

Paswan is aware that many start-ups fail and he believes that having a network of other fresh entrepreneurs and experienced mentors will give the start-ups the best chance of success.

In the interview to the English daily, he said: “our goal for strengthening the start-up culture in India includes involving more and more start-ups and professionals from India and abroad.”

The mentors have mostly experience from Norway and India, however there are interested parties from all over the world wanting to join the network.

The entrepreneurs behind the initiative are ahead of a national push in India to boost entrepreneurship. Prime Minister Narendra Modi has announced India’s new start-up policy on January 16 during the ‘Start Up India’ event in the national capital which gathered some of the biggest names in the world of start-ups and investing.

Prime Minister Modi stated at a recent commerce conference that the government is aiming at generating job creators and not just job seekers and encouraging new businesses is a priority. (ANI)

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