Need more sops for creating growth-stage equity funds

Union Budget 2021 | Need additional sops for establishing growth-stage equity funds

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By Utkarsh Sinha,

This needs to be the year for MSME funding. We are looking to the budget to create additional sops for establishing growth-stage equity funds focused on investing in early growth stage non-tech companies and strengthening the market infrastructure that enables and facilitates transactions

Post pandemic, the economy will continue to need steroid boosts to track back to its pre-pandemic growth trajectory, in the form of additional DBTs to spur consumption and sops for specific industries like media, entertainment, travel and others to ensure they are able to recover. A line of sight to these measures in the budget will boost market confidence.”

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(The author is the Managing director, Bexley advisors, a boutique investment bank firm)