Zerodha's Nithin Kamath Praises Government’s Initiative to Fast Track Reverse Flipping of Startups
Zerodha’s co-founder, Nithin Kamath, has praised the Indian government's recent initiative to fast-track the reverse flipping of startups. This move aims to encourage Indian companies to return to domestic shores. Termed as “ghar wapsi” of companies, the initiative seeks to simplify regulations and create a favorable environment for startups that had previously flipped to overseas jurisdictions for business advantages.
Kamath emphasized the significance of this move in bolstering India's entrepreneurial ecosystem and retaining talent and capital within the country. The initiative is expected to address challenges that startups face when operating abroad, such as complex regulatory landscapes and high compliance costs.
By facilitating the process for companies to re-domicile in India, the government aims to strengthen its position as a global startup hub. Kamath’s endorsement reflects the broader industry sentiment that the policy change could lead to substantial benefits for the Indian market, potentially reversing the trend of startups seeking foreign bases for better incentives. This could mark a turning point in the Indian startup ecosystem, attracting more businesses back home and boosting the economy.
