W20 Communique recommends minimum 15% tax break for women-led tech start-ups

Chennai, June 16 (KNN) G20's official engagement group, Women 20 Communique 2023 has recommended the government to provide a minimum 15 per cent tax break or other equivalent incentives for women-led technology and tech-enabled startups.

It has been suggested apart from incentives and subsidies for women entrepreneurs.

The group focussed on five major areas including climate change, entrepreneurship, the gender digital divide, grassroots leadership and education, skill development and labour force participation.

The document, released in the inaugural session of the W20 Summit on Thursday, will be given to the G20 leadership. 

After the release of the communique, Union Minister Smriti Irani announced that in collaboration with the W20 India group, the Ministry of Women and Child Development will put together a research paper to collate gender-related data across the nation.

Amitabh Kant praised the document and said that the world needs to bring in radical changes to achieve gender equality in 15 years as a recent study by the World Economic Forum has stated that it would take 132 years.  (KNN Bureau)