Incentives for Startups and allocation of Bharat Net project should helpBy Mr. Hamid Farooqui
CEO SoGoSurvey
Mumbai: The Budget presented by FM is quite in line with the policy of the government of India has been following with reference to startups and technology. FM’s latest announcement providing incentives to startups and relaxation on taxes for 7 years would surely add Phillip to a large number of startups in the country; however, the FM should have announced more incentives for seeding and providing a backup for startups to take off, which is left desired.
One major announcement, which FM has made is the allocation of Rs.10 crore, For Bharat Net Project aimed at providing suitable connectivity rate for rural areas. This Step is in the right direction and likely to facilitate digitization at grass root level provided with the supplement in a robust telecom Industry.