Several areas of tax and regulatory rationalization will help improve the competitiveness of the domestic VC and startup industry, attract more investors to invest, and provide a more certain regulatory environment. Also, there is a need for the government to set up Fund of Funds for Industry oriented early-stage capital – just like PLI, early-stage funding of funding in some sectors such as space, Agritech, hardware, Industry 4.0, and Energy to promote entrepreneurship and drive new investments in these sectors.
Budget 2023 Wish List: India needs to emphasize on capacity building for emerging sectors, aid startups for country’s march to the top
