The Department for Promotion of Industry and Internal Trade (DPIIT) had constituted the council on January 21, 2020, to advise the government on measures required to build a “strong ecosystem for nurturing innovation and startups in the country.
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The term of the non-official members of this council shall be for two years or until further orders, whichever is earlier.
The council is chaired by Commerce Minister Piyush Goyal.
Other members include ZestMoney CEO Lizzie Chapman, Urban Company co-founder Abhiraj Singh Bhal, Kris Gopalakrishnan of Axilor Ventures, Renuka Ramnath from the Indian Private Equity and Venture Capital Association, Uday Kotak of the CII and Uday Shankar of Federation of Indian Chambers of Commerce and Industry (FICCI).