India promises fresh billions for startup companies

India has announced a new $ 1.15 billion fund for startup companies on Saturday while revealing extensive regulatory reforms and an ambitious nuclear energy program as New Delhi seeks to strengthen technological innovations and clean energy in the fifth largest economy in the world.

Finance Minister Nirmala Sitaramann, presenting the federal budget for 2025-26, said the Fund is upgrading earlier launch programs that have already deployed over $ 1 billion from alternative investment funds. The new fund will have an “expanded range” compared to previous initiatives, although the specific areas of focus were not detailed in the budget.

It also outlined plans for a high -level regulatory reform committee that will review all non -financial sectors, certificates, licenses and permits within one year. The initiative aims to strengthen “trust -based economic management” and to ease the burden of compliance with startup companies and technology companies, she said.

New Delhi will explore the creation of a separate deep-seater catalysis fund for the next generation, working on modern technology, part of a wider impetus to strengthen India’s position in the emerging technological sectors.

These measures come when the startup ecosystem of India is emerging as a great creator of jobs and pride For the country whose broader economy is expected to increase between 6.3% and 6.8% next year. The government relies on innovation and entrepreneurship to help achieve its long -term goal of 8% growth needed to create adequate jobs for its young population.

The startups in India have attracted over $ 100 billion over the last decade of investors, including Norges, Softbank, Sequoia, Accel, Tiger Global, General Catalyst and General Atlantic. The home of over 100 unicorn startups, India also cemented its place as perhaps the last major market for the growth of the Giants of the Silicon Valley.

“The first fund, made a few years ago, gave a huge Philip to the Indian risk capital industry,” says Sandhev Bikchandani, an investor with a high profile that is among the earliest zomoto and politics supporters. “Dozens of Indian VK funds were created, providing risk capital to hundreds of start -ups. India needs domestic risk capital. “

The government has also announced a $ 2.3 billion dollar mission for nuclear energy aimed at developing at least five root small modular reactors by 2033. The program is part of the goal of India to achieve a 100 Gigawatian Law on Nuclear Energy by 2047, and The planned amendments to the nuclear energy law should be to the Law on Atomic Energy to the Law on Atomic Energy to the Law on Atomic Energy to the Law on Atomic Energy to the Law on Atomic Energy to the Law Activating the Participation of the Private Sector.

“We are determined to ensure that our regulations are up to date with technological innovation and the development of global policy,” Sitaramann says in his budget speech, declaring plans to decriminalize more than 100 provisions in various laws through a new bill of Yang Vishwas 2.0 2.0 S

The government also expanded tax breaks for startup companies for five years, allowing the companies included before April 2030 to request certain deductions. For start -ups in 27 sectors, considered decisive for India’s independence, the government has reduced the warranty fees to 1%while doubled its credit guarantee limit to $ 230,000.

A new scheme, aimed at 500,000 entrepreneurs for the first time, especially women and those of the planned castes and tribes, will provide up -to -date loans up to $ 24,000 over the next five years. The program is based on lessons from the existing stand -in India scheme, the minister said, striving to extend the scope of the start -up ecosystem.

In order to enhance innovations in electronics production, a key focal area for startup companies, the government has introduced a supposed taxation scheme for non -residents participating in the creation of production facilities. The budget also offers “Bharattradeneet”, a combined platform for commercial documentation and funding, which can be beneficial for startup companies of Fintech.