Holistic plan needed to spur domestic funding for startups: Nasscom

Startup ecosystem will fuel innovation for India and help create sustainable jobs, and a holistic plan needs to be worked out to spur domestic funding for startups, a top Nasscom official said on Friday.

Indian companies and domestic investors need to be encouraged to invest in startups, and a level-playing-field must be ensured between them and foreign investors, Debjani Ghosh, President of software association NASSCOM said at a panel discussion on IT initiatives announced in Budget 2021-22.