The government is emphasizing GIFT City as a funding destination for startups, aiming to diversify funding sources beyond venture capital. The Department of Promotion of Industry and Internal Trade secretary highlighted the need for startups to explore offshore financing avenues. Plans are underway to ease access to public markets for startups, with potential liberalization post-elections. Additionally, initiatives like monthly meetings with RBI for regulatory clarity and faster patent clearance are being pursued to support the startup ecosystem. The focus on sectors like agriculture, energy transition, and climate technologies is evident, along with private sector involvement in infrastructure projects through PM Gatishakti. With positive sentiments about investing in India, the event emphasized the country’s appeal for investors on a global scale.
Indian Government Urges Startup Founders to Explore GIFT City for Funding Alternatives
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