India announced a new fund for startups of $ 1.15 billion on Saturday, while he reveals comprehensive regulatory reforms and an ambitious nuclear energy program, as new Delhi tries to increase the fifth largest economy of the world’s leading technical innovations and clean energy .
Finance Minister Nirmala Sitharaman, who introduces the federal budget for 2025-26, said the fund is building on previous startup financing programs, which have already used more than $ 1 billion from alternative investment funds. The new fund will have an “expanded scope” compared to previous initiatives, although no specific focus areas were detailed in the budget.
She also outlined plans for a high -ranking committee for regulatory reforms that check all regulations, certifications, licenses and authorizations of the non -financial sector within one year. The initiative aims to strengthen the “trust-based economic management” and to facilitate compliance loads for startups and technology companies, she said.
New Delhi will examine that the creation of a separate tech fund from fund catalyzes the next generation startups in progressive technologies, which is a broader advance to strengthen the position of India in the aspiring tech sectors.
These measures are appeared as an India’s startup ecosystem as a big workers’ creator and result in A source of pride For the country, whose broader economy is expected to grow between 6.3% and 6.8% in the coming year. The government relies on innovation and entrepreneurship in order to achieve its long -term goal of growth of 8% that is necessary to create appropriate jobs for their young population.
In the past ten years, start -ups in India have attracted over 100 billion US dollars of investors such as Norges, Softbank, Sequoia, Accel, Tiger Global, General Catalyst and General Atlantic. India houses over 100 unicorn startups and has consolidated its place as perhaps the last great growth market for Silicon Valley Giants.
“The first fund that was created a few years ago gave the Indian risk capital industry a huge abundance,” said Sanjeev Bikhchandani, a top -class investor who is one of the earliest supporters of Zomato and Policybazaar. “Dozens of Indian VC funds have been set up that provide hundreds of startups risk capital. India needs domestic risk capital. “
The government also announced a mission of 2.3 billion US dollars, which aims to activate the participation of the private sector.
“We are determined to ensure that our regulations keep pace with technological innovations and global political developments,” said Sitharaman in her budget speech and announced plans for decriminalization of more than 100 provisions in various laws by a new Jan Vishwas Bill 2.0.
The government also extended the tax benefits for startups by five years and made it possible to claim certain deductions that were entered before April 2030. For startups in 27 sectors, which were classified as crucial for India’s independence goals, the government lowered the warranty fees to 1% and doubled its credit guarantee to $ 230,000.
A new program for 500,000 first entrepreneurs, especially women and those from planned boxes and tribes, will provide runtime loans of up to $ 24,000 in the next five years. The program builds on the teachings from the existing stand-up India program, said the minister to expand the reach of the startup ecosystem.
In order to increase innovation in electronic production, an important focus for tech startups, the government introduced a suspected taxation system for non-resident non-influences that are involved in the establishment of manufacturing facilities. The budget also proposes “Bharattradetet” that a uniform platform for trade documentation and financing solutions that could benefit Fintech startups.
