Friday, July 11, 2014

Post-Budget reaction by Perpetuuiti

Post-Budget quote from CEO of Perpetuuiti Rohil Sharma:

Indian entrepreneurs can breathe a sigh of relief with the announcement of Rs 10,000 Cr fund to provide equity and soft loans for startups. For the first time, the finance minister’s budget speech talks of a special focus on software product startups. The fund would encourage product development ideas in IT and innovations. Earlier, multinational companies would easily grab market share because of lack of competition in the domestic Indian market. It is heartening to see that the government has finally realized the huge potential of the country’s growing yet ignored startup space.