Income tax exemption currently available to all information technology (IT) and IT-enabled services companies should be extended for another three years to younger companies with revenue of less than $50 million. All VC-funded companies should not be categorised as FDI ventures, as it fuels entrepreneurship and the sectoral cap limits the quantum of investments such as FDI in multi-brand retail.
Sanjeev Aggarwal
Managing Director - Investment Advisor
Helion Venture Partners
