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Foreign funds colonising Indian start-ups
December 08, 2020
Naukri.com and Zomato investors has said unfamiliar assets are the new East India Company that are colonizing effective new businesses in India by moving proprietorship abroad to skip Indian guidelines and taxes.
Web business visionary Sanjeev Bikhchandani says an expected ₹17 trillion of market cap has been moved abroad after youthful Indian new companies had to move their organization habitation abroad by unfamiliar financial specialists promising the assets they need for development.
“Shades of the East India Company kind of circumstance here – Indian market, Indian clients, Indian designers, Indian labour force. Anyway 100% unfamiliar possession, unfamiliar speculators. IP and information moved abroad. Transfer pricing issues foggy,” he tweeted.
“Essentially regulated exchange of abundance away from India while living off the Indian market and Indian work to some degree like the times of the Company rule.”
Benefits from such “worldwide exploitation” of intellectual property (IP) made in India by Indians held abroad.
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