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An Ernst & Young's technology report this year ranks India as the third most preferred investment place for technology investments globally

The Startup Action Plan not only aspires to build an inspiring environment for young entrepreneurs but also attempts to widen access to finances and create a support system for them.

The said provision was inserted to be in-line with the Companies Act, 1956 wherein, over 50 investors in a company would make it deemed public.

After a period of hyper-growth and big ticket funding sprees, investments into Indian start-ups have recently shown signs of achieving normalisation.