Growth and Development of Start-ups in India - A Study with Respect to Mechanical and Production Engineering

During the last two decades, there is a significant and considerable change in the manufacturing world because of globalization. In order to lessen the expenditure involved in paying the laborers most of the companies have been shifted to different locations. Due to this, highly developed nations have to lose their manufacturing industry and also the employment opportunities and jobs. In the present scenario, industrial people's perception and attitudes are more different. The stint MES (Meglio Esserne Senza) has become habitual and usual to find out the established solutions in industrial IT, simulated and effected in ways that up keeps production management and execution. In the present scenario, we have many start-ups and entrepreneurs than ever before and this is a triumph and successful outcome. The government of India has launched “Start-up India” movement. It has been taking various measures to improve the comfort of doing business and is also building a supportive and conducive environment for these start-ups. In the present study, a discussion is made on the Indian government's initiative and encouragement provided for start-ups especially mechanical and production engineering. A comparison regarding the progress of start-ups between two Asian countries India and China is also drawn.