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Budget 2015: Rs 1000 Crore Announced To Enable IT Start-Ups

Technology startups are giving a thumbs up to FM’s announcement of Rs. 1000 crore fund for supporting the startup environment. The FM in his speech hailed the IT-BPM industry of India as “World Class” and one of the largest employers in the country. He also expressed the need to recognize and support cutting edge technology startups, announcing a Rs. 1000 crore fund for the purpose.

According to Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research, the government first needs to give clarity on Rs.10,000 crore for startups from last year’s budget and then let’s talk fresh.”

To read the Full Article, click here: The Economic Times

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