Union Budget 2016: Mahesh Lingareddy, Founder & Chairman, Smartron expect government to continue to address innovation

In this budget, we expect government to continue to address innovation and startup infrastructure challenges in the country

Written by: India.com Business Desk

Published: February 20, 2016, 3:15 PM IST

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https://www.india.com/business/union-budget-2016-mahesh-lingareddy-founder-chairman-smartron-expect-government-to-continue-to-address-innovation-964299/ Copy

 Mahesh Lingareddy, Founder & Chairman, Smartron shares his expectation from Union Budget 2016:

In this budget, we expect government to continue to address innovation and startup infrastructure challenges in the country, from new companies act to availability of risk capital to foreign direct investment into startups to patent reforms to tax holidays. (Also Read: Union Budget 2016: Here’s what Arun Jailey should do to boost power sector)

Start up and stand up India initiative must be supported through substantial actions and measures on the ground. Government supported sector specific investment funds must be announced to create a robust investment ecosystem, which is critical to healthy startup ecosystem.