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Govt report pitches 50:50 foreign, Domestic capital mix in startups as ideal situation

Shortpedia

Content Team
Image Credit: shortpedia

In a push to fuel domestic investments, the Parliamentary Standing Committee on Finance, chaired by senior BJP leader Jayant Sinha has in a report, ‘Financing the Start-up Ecosystem’, recommended a blueprint for startups to help them sail through this difficult phase by giving adequate risk capital. In the report Sinha pitched for a 50:50 foreign and domestic capital mix as an ideal situation. Presently, foreign capital is 80-90%.