The Startup India Action Plan selected 30 out of 200 startups that had earlier applied to the program to avail the benefits under this program. Now the Hyderabad startup, Cygni, a solar power-based solutions provider, becomes the very first startup to receive these benefits.
The Startup India initiative was announced by PM Narendra Modi on the occasion of Independence Day this year. Under this initiative, Cygni has now qualified as the top innovative startup deserving of various IPR and tax-related benefits.
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