Indian startups likely to list in overseas markets soon: Ministry

Indian startups will be able to list directly in India and overseas markets.

Indian startups

As per Atanu Chakraborty, secretary at the department of economic affairs (DAE) in the finance ministry Indian startups will be able to list directly in India and overseas markets.

Speaking at an interactive session on ‘Budget and Beyond’ at NITI Aayog, Atanu Chakraborty quoted, “lots of companies do want to list both in India and abroad at the same time. We welcome the suggestion that could make the process more seamless.”

According to reports, the Indian government has been working on the policy for some time and is in the advanced stages to finalise the policy. In fact, it is also reported that the corporate affairs ministry and markets regulator Securities Exchange Board of India (SEBI) are in favour of allowing Indian companies to list their equity shares in foreign countries.

If this policy come on board, the Indian government will have to amend the companies act, foreign exchange management act (FEMA) and SEBI regulations in order to allow Indian startups to list outside India.

In fact, the policy will also allow existing investors to exit startups listed in the overseas market. Also, the Indian startups will gain access to capital from retail investors in overseas markets.

Besides this, the Indian government has also decided to reduce the corporate tax rate to 15% for new manufacturing companies that are looking for global expansion.

Leave a Reply

Your email address will not be published. Required fields are marked *