Deep-tech, semiconductors startups press India govt for extended tax incentives

Over 35 deep-tech and semiconductor startups, and more than 30 leading venture capital firms, met with Piyush Goyal, India’s Commerce & Industry Minister, in Bengaluru. They called for extending the “Start-up India” recognition benefits beyond the current 10-year limit, clarification around FCRA rules for R&D funding and targeted tax incentives to boost innovation. The government affirmed commitment to enhancing ease of business and nurturing the semiconductor ecosystem, conscious of global supply-chain restructuring and strategic need for domestic chip manufacturing capacity. The round-table underlines India’s push to become a deep-tech hub.