India announced a new fund on Saturday, saying, on Saturday, on Saturday, on Saturday, as New Delhi tries to increase technology innovation and clean energy in the world’s fifth largest economy in the world.
NIRMALA SITHARAMAN, who announced its federal budget in 2025-26, said the fund has established an initial startup funding program that has already deployed more than $ 1 billion in alternative investment funds. The new fund has a “extended range” compared to the previous initiative, but the specific focusing area is not detailed in the budget.
She also explained the plans for the high -level reform committee for regulatory reform to review all non -financial regulations, certifications, licenses and authority within a year. The initiative aims to strengthen “trust -based economic governance” and make it easy to comply with regulations for new companies and technology companies, she said.
New Delhi will raise a separate deep technology fund to promote next -generation startups for advanced technology as part of a wide range of promotion to strengthen India’s position in emerging technology.
Such measures are expected to increase the economy between 6.3% and 6.8% next year as India’s startup ecosystem emerges as a great job creation and a source of pride in the state. The government is betting in innovation and entrepreneurship to achieve the long -term goal of 8% growth, which is necessary to create appropriate jobs for young people.
Indian new companies have attracted more than $ 100 billion from investors, including Norges, Softbank, SEQUOIA, Accel, Tiger Global, General Catlantic and General Atlantic for the past 10 years. India has become the last growth market for Silicon Valley Giants, home to more than 100 unicorn startups.
Sanjeev BIKHCHANDANI, one of the first supporters of Zomato and Policybazaar, said, “A few years ago, the first fund was a great filling to Indian venture capital. “Dozens of Indian VC funds have established risk capital to hundreds of new companies. India requires domestic venture capital. ”
The government also announced a $ 2.3 billion nuclear energy mission aimed at developing at least five small modular reactors by 2033 by 2033, which is an Indian goal to achieve the nuclear capacity of 100 giga and watts by 2047 by 2047. There is a planned amendment to the Nuclear Energy Act. It is possible to participate in the private sector.
In a budget speech, SITHARAMAN announced plans to non -criminalize more than 100 provisions in various laws through the new Jan Vishwas Bill 2.0, saying, “We decided that the regulations could carry out technological innovation and global policy development.
The government also extends the tax benefits for new companies for up to five years, allowing the company to claim certain deductions before April 2030. In the case of new companies in 27 sectors, the government, which is considered decisive for India’s self -reliance goals, has doubled its credit guarantee limit to $ 230,000, reducing the guarantee fee to 1%.
New systems for the first 500,000 entrepreneurs, especially women and the scheduled caste and tribal entrepreneurs, will provide up to $ 24,000 loans over the next five years. The program aims to expand the scope of the startup ecosystem based on the class of the existing stand -up Indian system.
In order to promote innovation of electronic manufacturing, the main focusing area of technology startups, the government has introduced an estimated taxation system for non -residents related to the establishment of manufacturing facilities. The budget also proposes “BHARATTRADENET”, an integrated platform for trade documents and financial solutions that can benefit Fintech Startup.
