Tejasvi Surya Startups

Govt can encourage corporates to fund startup ecosystem: Tejasvi Surya

Govt can encourage corporates to fund startup ecosystem, wherein incentives can be provided to those who invest 2% of profits into Fund-of-funds or startups directly

Tejasvi Surya – National President, BJYM

I met MoS Finance Sri Anurag Thakur & requested govt to incentivize Indian capital in startups in Budget 2021

It’s concerning that many startups are dependent on foreign funding, especially Chinese.

I urged govt to encourage Indian VCs to invest more in desi startups

Govt can encourage corporates to fund startup ecosystem, wherein incentives can be provided to those who invest 2% of profits into Fund-of-funds or startups directly

Govt can also encourage Public sector institutions like LIC to invest in startups of venture capital funds

It’s also important that we provide sufficient incentives for startups to retain base in India

Lack of HSN Codes for Software Products has created anomalies under GST regime

The TDS deducted on Software Product sales under Section 149J also creates a hurdle in their online trade

Startups are slated to contribute $1 trillion in our $5 trillion vision.

PM Narendra Modi govt is positively working on boosting Indian investments in them I urge govt to address all irrelevant barriers in Ease of doing Business to facilitate investments in startups

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