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Interim Budget 2019: Electronics makers seek Rs 1,000-crore seed fund

Also seek separate budget for R&D to fund projects of national interest in electronics and semiconductor domain, call for collaborative R&D among PSUs, SMEs and start-ups

Topics
Electronics Industry  |  Electronics Manufacturing  |  Interim Budget 2019

Nirmalya Behera  |  Bhubaneswar 

With the 2019 interim budget round the corner, stakeholders in the electronics sector are expecting the government to create a seed fund of Rs 1,000 crore and abolish the angel tax that has hit start-ups hard. “The Government should create a seed fund of Rs 1,000 crore, which can be matched by industry and VCs (venture capitalists), to provide seed funding to build 1,000 start-ups in the ESDM (electronic system design & manufacturing) space.

We have requested the government to create such a fund in the budget in our wish list submitted to the ministry,” said Rajesh Ram ...

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First Published: Tue, January 29 2019. 17:27 IST