Nasscom pushes for a Rs 5,000cr fund for startups Nasscom - TopicsExpress

Nasscom pushes for a Rs 5,000cr fund for startups Nasscom estimates that the country has the potential to develop 50,000 technology startups by 2020 and it could account for over a third of the IT sectors target of creating 3 million direct and 10 million jobs indirectly during the same period. IT industry body Nasscom has proposed to the government the establishment of a Rs 5,000 crore special fund focused on technology startups. It wants part of the money to be used to invest in startups alongside investments by private bodies. timesofindia.indiatimes/Budget-2014/Union-Budget-2014/Nasscom-pushes-for-a-Rs-5000cr-fund-for-startups/articleshow/38097342.cms

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