Gautam
"However, the ideal exemption should be 10 years, in view of the high cost of solution development. As positive employment drivers, startups also require government intervention in the expensive affair of hiring and retaining the right talent to drive growth," Nimmagadda said in a statement.
"To lead the startups onwards and upwards, a single-window process to enable the right financial support from government would be incentivising for MSMEs," he added.
According to ESOPDhan co-founder
"This would make ESOPs a more attractive tool to retain and reward employees, especially among startups that are today seen as major job creators," Agarwal added.
2023 is already shaping up to be a watershed moment for the gaming industry.
With the government releasing draft online gaming rules earlier this month, the burgeoning sector will see a lot more success this year.
According to Sai Srinivas, Co-founder and CEO of MPL, the industry hopes to get clarity in a few areas.
"The first is the GST mechanism on online gaming. We hope the government provides clarity on the tax slab applicable on skill gaming. Another relates to the AVGC fund set up as part of the AVGC Promotion Task Force announced in last year's budget," he mentioned.
Access to financial support "will be a tremendous boost to young talented developers and designers, and will accelerate the push to 'Create in India' and take made-in-India games to the world," he added.
"We might witness a strong emphasis on attracting more foreign investment, making the registration and compliance process more easy and fast, and strengthening economic ties with other countries in the Indo-Pacific region," Jolly said.
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