The BHASKAR platform will provide startups with immediate access to essential tools and information, facilitating quicker decision-making and more efficient scaling
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Siddarth Pai, Founding Partner at 3one4 Capital and Co-Chair of the Regulatory Affairs Committee at IVCA, highlights that the introduction of the Variable Capital Company (VCC) structure for AIFs in GIFT IFSC is another forward-looking measure
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Gopal Srinivasan, Chairman and MD, TVS Capital Funds and Former Chairman, IVCA expresses, "This is indeed the Dream Budget for startup growth capital. It is Deepavali for the Indian Startup system and the Domestic VC/PE Capital community"
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Experts believe that these changes will encourage more startups to remain local rather than seeking registration outside India in places like the US or Singapore to raise capital. These budget provisions are set to generate a significant positive impact by fostering more domestic capital.
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The budget also proposes the creation of dedicated ecommerce export hubs, aiming to significantly boost India's online trade
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The much-anticipated removal of the angel tax is hailed as a pivotal development, aimed at eliminating barriers for early-stage companies and attracting a surge of domestic and foreign investment
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Prior to the budget, the Department for Promotion of Industry and Internal Trade (DPIIT) had recommended the removal of the angel tax, following consultations with the startup community
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Entrepreneurs express optimism and anticipation for enhanced policies under Modi's leadership, foreseeing a vibrant entrepreneurial landscape and global competitiveness
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