ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business

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

 (placeholder image)
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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more