DeepTech Startups, VCs Press Goyal for Tax Breaks as Government Sets Follow-Up

Overview

• More than 35 deeptech and semiconductor startups and over 30 venture firms met Commerce and Industry Minister Piyush Goyal at a Bengaluru roundtable.
• Participants called for targeted tax incentives and an extension of Startup India recognition beyond the current 10-year limit for deeptech ventures.
• Founders sought clearer FCRA and grant accounting rules for R&D funding, flexibility in fund regulations, and reforms to DSIR registration to unlock early-stage benefits.
• Goyal said the government remains committed to strengthening the DeepTech ecosystem, improving ease of doing business, reducing compliance burden, and scaling domestic capital.
• The Commerce Ministry said a follow-up mechanism will track progress and produce actionable recommendations, with continued structured engagement led by DPIIT and ecosystem partners.