Impact of Budget announcement on the Alternative Investment Funds By Mr. Narinder Wadhwa, Managing Director & CEO of SKI capital
Below The Impact of Budget announcement on the Alternative Investment Funds By Mr. Narinder Wadhwa, Managing Director & CEO of SKI capital
In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced significant measures to bolster Alternative Investment Funds (AIFs) and enhance the International Financial Services Centre (IFSC) framework, aiming to strengthen India's financial ecosystem.
Expansion of Fund of Funds for Startups (FFS): The government has expanded the Small Industries Development Bank of India (SIDBI) Fund of Funds to 20,000 crore, aiming to provide greater financial support to startups. Â New Fund of Funds for Startups: A fresh 10,000 crore Fund of Funds has been announced to bolster startup investments, reflecting the government commitment to nurturing startup investments, reflecting the government commitment to nurturing innovation and entrepreneurship. Exploration of DeepTech Fund of Funds: The government is exploring the establishment of a dedicated Fund of Funds for DeepTech startups, recognizing the importance of supporting advanced technological innovations.
International Financial Services Centre (IFSC) Relaxations: While specific relaxations for the IFSC were not detailed in the available sources, the government's ongoing efforts to enhance the ease of doing business and attract foreign investments suggest a continued focus on strengthening the IFSC framework. These initiatives are expected to provide a more conducive environment for financial services and international transactions.
These measures underscore the government's dedication to fostering a robust financial ecosystem, encouraging innovation, and positioning India as a competitive player in the global.
Above views are of the author and not of the website kindly read disclaimer
