available we have started getting orders from outside india as well after we tied up with other ecommerce websites said anurag who has a postgraduate degree in advertising management the government had on january 16 unveiled a raft of measures ranging from tax waiver for three years ending inspector raj and a mega fund to help boost the startup ecosystem the 19point action plan came with the promise that the government will only play the role of a facilitator and not burden entrepreneurs with complicated compliance requirements to begin with any entity which has been around for less than five years and has a turnover of less than rs 25 crore qualifies to be defined as a startup provided it is working towards innovation development deployment or commercial of new products process or services that are driven by technology or intellectual property if a company clears the test conducted by a government board it will be entitled to several benefits including a threeyear income tax holiday in addition the government announced capital gains tax benefits although the plan has been unveiled some of the measures can only be implemented after the budget is cleared by parliament the policy recognises the potential that startups can play in the coming years after a recent spurt which saw the number of in the technology space jump over nine times from 501 entities in 2010 to over 4500 last year the increase has come with the rise of flipkart snapdeal ola cabs and paytm which have become household names and attracted huge investor interest currently indian entrepreneurs depend on overseas investors for over 90 of the funding which has been a major area of concern the government sought to address this partly through a rs 10000 crore fund of funds and a rs 2000 crore credit guarantee fund while the corpus was seen to be small industrial promotion and policy secretary amitabh kant said that the steps announced on saturday were just the beginning and the government would build upon them in the coming years