Budget 2025: Tech industry pushes for deeptech funding and safe harbour reforms and more

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Budget 2025: Tech industry pushes for deeptech funding and safe harbour reforms and more

//business-finance.news-articles.net/content/202 .. h-funding-and-safe-harbour-reforms-and-more.html

Published in Business and Finance on Monday, January 27th 2025 at 6:20 GMT by MSN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

As the Union Budget 2025 approaches, Nasscom urges the creation of a central deeptech fund and changes to safe harbour rules to support tech innovation. Additionally, they propose extending ESOP tax payment deferments to all DPIIT-recognized startups,

2025-01-27 173 x 130 / 5903 Bytes

The article from MSN discusses the Indian tech industry's expectations and demands from the upcoming Union Budget 2025. Key points include a strong push for increased funding in deeptech, which involves advanced technologies like AI, machine learning, and quantum computing. Industry leaders are advocating for the establishment of a dedicated deeptech fund to foster innovation and support startups in this sector. Additionally, there is a call for reforms in the safe harbour provisions to protect online platforms from liability for user-generated content, aiming to create a more conducive environment for digital businesses. Other expectations include incentives for digital infrastructure development, simplification of tax structures for tech companies, and policies to enhance digital literacy and cybersecurity. The industry also seeks government support for research and development, as well as measures to attract and retain tech talent in India.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/technology/tech-companies/budget-2025-tech-industry-pushes-for-deeptech-funding-and-safe-harbour-reforms-and-more/ar-AA1xVBbO ]