India announced on Saturday a new fund of funds of $ 1.15 billion for startups while revealing radical regulatory reforms and an ambitious nuclear energy program, while New Delhi seeks to stimulate technological innovation and ‘clean energy in the fifth world economy.
The Minister of Finance Nirmala Sitharaman, presenting the federal budget for 2025-26, said that the fund is based on previous start-up programs which have already deployed more than a billion dollars from funds of investment funds alternative. The new fund will have an “extended scope” compared to previous initiatives, although specific areas of interest were not detailed in the budget.
It also described the plans for a high -level committee for regulatory reforms which will examine all regulations, certifications, licenses and authorizations in the non -financial sector within one year. The initiative aims to strengthen “economic governance based on confidence” and to facilitate charges of conformity for startups and technological companies, she said.
New Delhi will explore the creation of a funded funded fund funds to catalyze new generation startups working on advanced technologies, part of a wider thrust to strengthen India’s position in the technology technology sectors emerging.
These measures arise as the Indian startup ecosystem appears as a great job creator and A source of pride For the country, whose wider economy should increase between 6.3% and 6.8% in the coming year. The government is betting on innovation and entrepreneurship to help achieve its longer -term growth target of 8% necessary to create adequate jobs for its young population.
Indian startups have attracted more than $ 100 billion in the past decade against investors, including Norges, SoftBank, Sequoia, Accel, Tiger Global, General Catalyst and General Atlantic. Hosting more than 100 Unicorn startups, India has also cemented its place as perhaps the last growth market for the Silicon Valley giants.
“The first fund carried out a few years ago gave a huge blow to the Indian venture capital industry,” said Sanjeev Bikhchandani, a high-level investor that is among the first donors of Zomato and Policybazaar . “Dozens of Indian VC funds have been set up by providing risk capital to hundreds of startups. India needs national venture capital. »»
The government has also announced a nuclear energy mission of $ 2.3 billion aimed at developing at least five small indigenous modular reactors by 2033. The program is part of India’s target to reach 100 gigawatts of Nuclear energy capacity by 2047, with amendments provided for in the atomic energy law to activate the participation of the private sector.
“We are determined to ensure that our regulations follow technological innovations and global developments in politics,” said Sitharaman in his discourse on the budget, announcing plans to decriminalize more than 100 provisions between various laws thanks to a new project law 2.0 of Jan Vishwas.
The government has also extended the tax advantages of five -year startups, allowing companies formed before April 2030 to claim certain deductions. For startups of 27 sectors deemed crucial for India’s autonomy objectives, the government has reduced guarantee costs to 1% while doubling their credit warranty limit to $ 230,000.
A new program targeting 500,000 entrepreneurs for the first time, in particular women and those of the planned castes and tribes, will grant bans up to $ 24,000 in the next five years. The program is based on the existing stand-up regime lessons, said the minister, aimed at expanding the scope of the startup ecosystem.
To stimulate innovation in the manufacture of electronics, a key development area for technological startups, the government has introduced an alleged tax system for non-residents involved in the creation of manufacturing facilities. The budget also offers “Bharattradenenet”, a unified platform for commercial documentation and financing solutions that could benefit Fintech startups.
