India extends startup status to 20 years, raises turnover cap
after close1 source ↓written by the desknot a recommendation
- for firms
- 20 years
- been increased
- ₹300 crore
In a significant policy shift, the Indian government has extended the validity of "startup" status from 10 to 20 years for firms in capital-intensive sectors like semiconductors and biotechnology. The annual turnover cap has also been increased to ₹300 crore, tripling the previous limit of ₹100 crore. This reform aims to bolster the deep-tech ecosystem by providing long-term support and incentives for innovation.
Not investment advice. For informational purposes only.