New Delhi, Feb. 6 -- The government has revised the startup recognition framework aiming to strengthen the Startup India Action Plan and support the Prime Minister's vision of making India a global centre for innovation, advanced manufacturing and emerging technologies.

The updated norms aim to create a more predictable and inclusive policy environment for founders, while encouraging long-term investment in research- and technology-intensive sectors.

The revised framework comes as Startup India enters its second decade and follows consultations with startups, industry stakeholders and relevant ministries.

Higher Turnover Limit for Startups

Under the new norms, the turnover threshold for recognition as a startup has been raised from Rs...