Summary Entrepreneurship in India, over the next decade, has the potential to create 2500 successful high growth ventures, with combined revenue of over Rs. 10 lakh crore (USD 180 billion), and to generate 10 million direct & 20-30 million indirect jobs. Consequently, powering India’s economic progress with – Inclusive economic development Innovative products/services for India’s

Decision Point – MoF could also allow companies registered in India to make an initial public offer on exchanges outside India without or before listing in India, as was the case earlier. Supporting Points – Indian start-ups require significant funding to scale themselves to serve global customers. Opening-up the doors of equity fund raising from

Decision Point – Encourage Indian High Net-worth Individuals, family offices, Corporate, Firms, Institutions, Public Sector undertakings with investible surplus to invest in Category 1 AIF by extending fiscal incentives. Supporting Points – The desired risk capital for India can come from within India. Today, Indian HNI deploy most of the investible surplus in Real Estate

Positive Action that must Continue – We appreciate the business incubation support being extended by Department of Science and Technology (DST) along with Technology Development Board (TDB). DST program of business incubation has reward and supported 2400 Indian start-ups resulted in employment generation of nearly 20,000 employees, generating revenues of nearly Rs.7000 crore with minimal

Decision Point – Encourage Indian fund manager to float and manage Venture Capital Funds (VCFs) or Alternative Investment Funds (AIFs) from within India by allowing automatic route for NRI/PIO investment in these funds from the NRE/NRO account in the SEBI approved VCF/AIF on repatriation basis. Supporting Points – The proceeds from NRE / NRO account