India announced a new fund worth $ 1.15 billion for emerging companies on Saturday during the unveiling of the overwhelming regulatory reforms and an ambitious nuclear energy program, as New Delhi seeks to enhance technological innovation and clean energy in the fifth largest economy in the world.
Finance Minister Nermalla Sitramman, which offers a federal budget from 2025-26, said that the fund depends on previous operating financing programs that have already published more than a billion dollars of alternative investment funds. The new fund will have a “expanded range” compared to previous initiatives, although the specific focus areas were not detailed in the budget.
It has also identified high -level committee plans for organizational reforms that will review all regulations, certificates, licenses and non -financial permissions within a year. She said that the initiative aims to enhance “confidence -based economic governance” and alleviate the burdens of compliance with startups and technology companies.
New Delhi will explore the creation of a separate box for deep technology from funds to motivate startups from the next generation on advanced technologies, which is part of a wider batch to enhance India’s position in the emerging technology sectors.
These measures come at a time when the ecosystem for the start of operation in India as a great creator of jobs and a source of pride for the country, which is expected to grow its broader economy between 6.3 % and 6.8 % next year. The government is betting on innovation and entrepreneurship to help achieve its long -term goal of 8 % growth needed to create sufficient jobs for its young residents.
“The first box was created a few years ago that gave a large field to the Indian investment capital industry,” said Sanjeev Bikhchandani, a high -level investor who is one of the first supporters in Zomato and PolicyBazaar. “Dozens of Indian VC boxes have been prepared to provide risk capital for hundreds of startups. India needs local investment capital.”
The government has also announced a task of nuclear energy worth $ 2.3 billion aimed at developing at least five small normative reactors of the indigenous population by 2033. The program is part of India’s goal is to achieve 100 gigawatts of nuclear energy by 2047, with planned amendments On the Atomic Energy Law on enabling private sector participation.
“We are determined to ensure that our regulations with technological innovations and global policy developments,” said in his budget letter, announcing plans to cancel criminalization of more than 100 provisions through various laws through the new Jan Vishwas Bill 2.0.
The government also extended the tax advantages of emerging companies for a period of five years, which allowed the companies that were combined before April 2030 to demand certain discounts. For emerging companies in 27 sectors that are decisive to targets in India, the government has reduced guarantee fees to 1 %, while doubled their credit guarantee to $ 230,000.
A new scheme targeting 500,000 entrepreneurs will be presented for the first time, especially women and those of sects and scheduled tribes, loans of $ 24,000 over the next five years. The minister said that the program depends on lessons from the current India scheme in India, with the aim of expanding the scope of the ecosystem for the start of operation.
To enhance innovation in electronics manufacturing, a major focus of technology emerging companies, the government has provided a supposed tax plan for non -residents involved in establishing manufacturing facilities. The budget also suggests “Bhaootradnet”, a unified platform for commercial documents solutions and financing that can benefit from startups.
