Goyal Hosts Bengaluru Roundtable on DeepTech, Vows Follow‑Up on Tax and R&D Rules
The meeting ended with a pledge to create a mechanism that will turn industry proposals into concrete policy recommendations.
Overview
- More than 35 DeepTech and semiconductor startups and over 30 venture capital firms engaged with Commerce and Industry Minister Piyush Goyal at a Bengaluru roundtable, according to an official release.
- Founders and investors requested targeted tax incentives, an extension of Startup India recognition for DeepTech ventures beyond 10 years, and clearer FCRA and grant-accounting rules for R&D funding.
- Participants also pressed for flexibility in fund regulations and reforms to DSIR registration norms to help early-stage companies access R&D-linked benefits.
- The government reiterated support for DeepTech and stressed scaling domestic capital and homegrown funds, referencing earlier moves including semiconductor incentives and a cabinet-approved INR 1 lakh crore R&D fund.
- Organisers and officials agreed to maintain structured engagement through a follow-up mechanism to document progress, with no new policy changes announced.