By Tricitynews
Chandigarh 06th
July:-
Pumpkart Co Founder and Chairman, PHDCCI’s Punjab Start Up Panel K S Bhatia,
has welcomed the Union Budget 2019 and called the same stupendous and
phenomenal for the economy, particularly Start Ups.
K S Bhatia said that India needs at
least 50-60 Unicorns for Economic Growth of 5 trillion USD by 2024. K S Bhatia
added that the Union Budget has shown a very sincere effort at promoting the
growth of Start Up Culture in India.
He said that Start Ups accounted for 30
per cent the total FDI coming into the country. Bhatia said that Startups are
capable of generating business volumes of 1 trillion USD FDI every year,
with dedicated government support.
He said that this budget would bring
relief for startups as the government has eased angel tax regulations and the
startups will not require scrutiny by IT department.
He emphasized that capital gain
exemption to start ups will give a major boost to the startup growth in India. K
S Bhatia added that women entrepreneurship will be encouraged by tax exemption.
K S Bhatia appreciated the National
Education Policy which aims at bringing higher education in India to the
International level.
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