Centre working on plan to boost startup investments

The Indian government is gearing up to boost investment in the country's thriving startup sector by developing a comprehensive action plan.

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This initiative, as reported by The Economic Times (ET), aims to address various challenges faced by startups, including regulatory permissions, taxation, and ease of doing business, while also setting timebound targets for the startup ecosystem.

One of the key objectives of this action plan is to identify and rectify regulatory hurdles and bottlenecks that often impede the growth of startups. By streamlining regulatory processes and ensuring ease of doing business, the government aims to create a more favourable environment for startups to thrive. This move aligns with the government's ongoing efforts to support entrepreneurship and innovation through initiatives like Startup India.