Startups registered under Startup India program enjoy tax exemptions for the initial three years. Incubators are also exempt from taxes on investments exceeding market rates. This tax relief allows startups to reinvest all income into business expansion, fostering growth and innovation.
Startup India has leveled the playing field for both new and established businesses. With relaxed regulations on public procurement, startups now have easier access to government contracts. This encourages startups to consider public procurement as a viable option, fostering growth and competitiveness in the market.
Government tenders offer substantial budgets and financial incentives, but competition is fierce. This program provides incentives for businesses to secure government contracts, regardless of prior experience. Simplifying the bidding process encourages participation and enhances opportunities for businesses.