The startups in the state will benefit from the Union governments proposal to extend the period of incorporation of eligible
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He added that it normally takes three to four years for a new startup to start making profits.
Finance minister in herBudgetspeech said that the country has seen a manifold increase in successful startups over the past few years.
Startups will be getting one more year of tax benefit. It will make a huge difference for those into hardware units, which take around six to seven years to start making profits. Especially for those startups whose profit will come a little later, this is a huge benefit, Gopinath said.