Prashant Narang, co-founder of Agility Ventures on the upcoming Budget

Prashant Narang, co-founder of Agility Ventures, feels that the startup ecosystem in the country could benefit from tax reliefs and incentives. He elaborates, “The government should look at providing various tax reliefs for developing infrastructure in the startup ecosystem, especially in Tier-2 and Tier-3 cities. For instance, they can give tax incentives for setting up incubators/ innovation labs. There is also a need to introduce relaxations on capital gains tax for specific sectors like agritech, EV (electric vehicles), healthcare and renewable energy.”