Wednesday, July 24, 2024
Outlook India
Outlook Business

Fund Of Funds

The extension of tax benefits for start-ups, investments by sovereign wealth or pension funds, and exemptions for certain IFSC units till March 31, 2025, got a big thumbs up from industry players

 The HCL co-founder and Padma Bhushan recipient believes that the timing is perfect right now due to the trust deficit where MNCs are talking about friend-shoring and considering India as an alternative to China 

The department would want to seek more funds from the finance ministry under the scheme once it is exhausted by 2025