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For Indian tech ventures, actions speak louder than $160M promises

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A screen on the Bombay Stock Exchange in Mumbai shows Finance Minister Arun Jaitley presenting the budget on Feb. 28.   © Reuters

NEW DELHI -- Technology startups in India are getting a financial boost from the government, though entrepreneurs say that more could be done to support the growth of the industry.

     India announced in February a 10 billion rupee ($160 million) fund for technology startups -- part of the first full budget of Prime Minister Narendra Modi's government. Those on the front lines are pleased with the proposal but stress the need to address issues of bureaucracy and fundraising.

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