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Modi launches several initiatives to support India's startups

These include a new 100b rupee fund and a string of tax breaks for both the firms and their investors

"Startup does not mean a billion-dollar company where thousands of people work. It is about employing even five people, and developing India," says Mr Modi.

New Delhi

INDIAN Prime Minister Narendra Modi launched a number of initiatives on Saturday to support the country's startups, including a 100 billion rupee (S$2.1 billion) fund and a string of tax breaks for both the companies and their investors.

India, which already has a handful

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