0
General

India launches INR 100 bln fund, tax exemption for startups

Tuesday 19 January 2016 | 14:38 CET | News
India's Prime Minister Narendra Modi has launched a 19-point action plan to boost the startup sector. A fund of INR 100 billion (approximately USD 1.5 billion), as well as a 3-year tax exemption are among the set of recently announced measures to help the country's technology and other startups develop, International Business Times reports. The plan also includes an 80 percent rebate on patent applications for startups. They will also be exempt from income tax for the first three profit-making years, Modi said.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Countries: India
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Airtel launches Accelerator Programme for Indian startups

Published 28 Oct 2019 10:59 CET | India
Indian operator Bharti Airtel has launched its Startup Accelerator Programme to support growth of early stage Indian IT startups. ...

TCL, Unigroup launch CNY 10 bln M&A fund

Published 25 Feb 2016 03:04 CET | China
Electronics maker TCL has launched a CNY 10 billion (approximately USD 1.53 billion) merger and acquisition fund with Chinese ...

Rakuten launches JPY 10 billion Ventures Japan Fund

Published 27 Jan 2016 08:41 CET | Japan
Japanese e-commerce group Rakuten Ventures has launched the 'Rakuten Ventures Japan Fund', a JPY 10 billion (approximately USD 84 ...

Storm launches USD 10 mln fund for India SaaS startups

Published 19 Jan 2016 15:38 CET | India
Storm Ventures has allocated at least USD 10 million to the Storm India SaaS Fund and plans to increase that amount depending on ...

Softbank to boost India investments to USD 10 bln

Published 17 Jan 2016 12:17 CET | India
Japan's SoftBank plans to increase its investment in India up to USD 10 billion in the coming year. The company has invested over ...

OnePlus, Oxxy partner on health project in India

Published 24 Nov 2015 10:14 CET | India
Technology startup OnePlus has partnered with Indian healthcare network Oxxy to launch a youth education project on STD (sexually ...

Iamai launches Mobile10X ecosystem for mobile app developers

Published 02 Oct 2015 03:35 CET | India
The Internet and Mobile Association of India (Iamai) has launched 'Mobile10X', a capacity building and ecosystem enabling ...

Qualcomm to invest USD 150 mln in Indian startups

Published 28 Sep 2015 09:28 CET | India
Qualcomm plans to invest up to USD 150 million in Indian startup companies. Qualcomm Ventures will advise and direct Qualcomm's ...

Xiaomi to invest USD 100 mln in Indian startups

Published 12 Jul 2015 10:33 CET | India
Chinese smartphone maker Xiaomi has adopted an e-commerce business model for its phones and other devices. Xiaomi is preparing to ...

Alibaba to launch m-commerce start-up incubator in India

Published 02 Apr 2015 11:55 CET | India
Chinese e-commerce firm Alibaba Group will set up a start-up incubator for mobile internet and mobile commerce in the Indian city ...

Microsoft launches two new programs for Indian startups

Published 05 Mar 2015 09:51 CET | India
Microsoft Ventures in India has launched two new accelerator programs while unveiling its Summer 2015 batch. The two new ...

Flipkart secures USD 1 bln in funding

Published 30 Jul 2014 09:08 CET | India
Indian online marketplace Flipkart Internet has raised USD 1 billion in funding. Flipkart said existing investors including Tiger ...





Calendar   /   Industry Events

25 Oct Facebook Q3
25 Oct Dtac Q3 2021
25 Oct Calix Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct Twitter Q3 2021
26 Oct MediaTek Q3
26 Oct Microsoft fiscal Q1
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct Siminn Q3 2021
26 Oct KPN Q3 2021
26 Oct NENT Q3 2021
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct TIM Brasil Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct MWC Los Angeles
26 Oct Samsung Developer Conference
26 Oct Cabsat
26 Oct FCC meeting
27 Oct Vertiv Q3
27 Oct Netgear Q3
27 Oct Megacable Q3
27 Oct Twilio Q3
27 Oct Telefonica Deutschland Q3 2021
27 Oct TIM Q3 2021
27 Oct Spotify Q3 2021
27 Oct Android Dev Summit
27 Oct Digital Utilities Europe 2021
::: More Calendar Items