Union Minister Piyush Goyal urges Global Venture Capital Funds to focus on Startups from Tier 2 and 3 cities
Thursday, May 26, 2022
  • Circulation
  • Advertise
  • About Us
  • Contact Us
  • Privacy Policy
Organiser
  • ‌
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Sports
  • Business
  • More
    • RSS in News
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
SUBSCRIBE
No Result
View All Result
Organiser
  • ‌
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Sports
  • Business
  • More
    • RSS in News
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • RSS in News
  • Subscribe
Home Bharat

Union Minister Piyush Goyal urges Global Venture Capital Funds to focus on Startups from Tier 2 and 3 cities

WEB DESK by WEB DESK
Jan 14, 2022, 04:48 pm IST
in Bharat, Delhi, Business
Union Minister Piyush Goyal said the government has taken several steps to support the Startups and would do so in the future (File)

Union Minister Piyush Goyal said the government has taken several steps to support the Startups and would do so in the future (File)

Share on FacebookShare on TwitterTelegramEmail

It was also highlighted in the meeting that the government has undertaken 49 regulatory reforms to enhance Ease Of Doing Business, Ease Of Raising Capital and Reduce Compliance Burden, specifically for the Startup ecosystem.

 

New Delhi, 14 January (H.S.): Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal, has called upon the Global Venture Capital (V.C.) Funds to focus more on Startups from Tier 2 and 3 cities. Chairing the 4th Roundtable with Global Venture Capital Funds, organised by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Goyal invited the V.C.s to explore new sectors for investing, promote and protect the intellectual property created by the young Indian entrepreneurs, provide expertise to scale-up and explore greater capital infusion including risk capital. He added the government has already taken several steps to support the Startups and would do so in the future.

It was pointed out in the meeting that India is home to over 61,000 recognised Startups spread across 55 industries, with 45% of them emerging from Tier 2 and 3 cities and 45% of Startups having at least one Woman Director, a testimony of diversity, spread and inclusivity of the Indian Startup ecosystem. It was also highlighted that, specifically for the Startup ecosystem, the government has undertaken 49 regulatory reforms to enhance Ease Of Doing Business, Ease Of Raising Capital and Reduce Compliance Burden.

The roundtable was held through video conference as part of the Startup India Innovation Week. Over 75 V.C. fund investors from across the United States, Japan, Korea, Singapore, and some Global Funds domiciled in India participated in the deliberations. These funds have a total Assets Under Management (AUM) of more than USD 30 billion in the Indian Region. Several suggestions were made by the Global V.C. funds, which they felt could further the investors' sentiment in the sector.

The intent of this roundtable was to share a progress report of the current Indian Startup-VC Ecosystem, insights on impact investing, India's global outlook and the opportunities and interventions for the way ahead of V.C. investments in India.

The roundtable discussion covered topics like Building for the World from India, An Impact, SDG and Digital India Outlook, Regulatory updates for Global and Domestic Funds, India Opportunity – How policies have shaped up the Ecosystem and Way Forward and Vision for India @ 2047. The session also covered the top regulatory issues to be addressed with the Government of India.

The meeting was attended by Anurag Jain, Secretary, DPIIT and major Indian regulators, policymakers, along with Global V.C. Funds.

DPIIT is organising Startup India Innovation Week from 10th to 16th January 2022. In the context of 'Azadi ka Amrit Mahotsav', this virtual innovation celebration is designed to showcase the spread and depth of entrepreneurship across India. The programme is bringing together top policymakers, industry, academia, investors, Startups and all ecosystem enablers from across the globe.

(Hindusthan Samachar/Manish K Singhal)

ShareTweetSendShareSend
Previous News

‘SC face of Punjab Congress’ Joginder Mann quits, citing ‘scam’

Next News

The reality of Pakistan’s hyped ‘Switzerland’ Gilgit-Baltistan

Related News

Pakistan on the boil as Imran Khan’s ‘march to chaos’ continues

Pakistan on the boil as Imran Khan’s ‘march to chaos’ continues

Japan recognises India’s COVAXIN to facilitate travel between both countries

Germany to recognise Bharat Biotech’s COVAXIN for travel from June 1

ED raids multiple locations in Maharashtra linked to Shiv Sena minister Anil Parab in money laundering case

ED raids multiple locations in Maharashtra linked to Shiv Sena minister Anil Parab in money laundering case

‘Dig all mosques and if Shivlingas found handover to Hindus’: Telangana BJP challenge to Owaisi

‘Dig all mosques and if Shivlingas found handover to Hindus’: Telangana BJP challenge to Owaisi

India working on modalities for shipping wheat to Afghan people

Weeks after announcing the ban, India exported wheat worth USD 473 million in April

Uyghur dies days after release from China detention camp, son collapses dead at his funeral

Uyghur dies days after release from China detention camp, son collapses dead at his funeral

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Pakistan on the boil as Imran Khan’s ‘march to chaos’ continues

Pakistan on the boil as Imran Khan’s ‘march to chaos’ continues

Japan recognises India’s COVAXIN to facilitate travel between both countries

Germany to recognise Bharat Biotech’s COVAXIN for travel from June 1

ED raids multiple locations in Maharashtra linked to Shiv Sena minister Anil Parab in money laundering case

ED raids multiple locations in Maharashtra linked to Shiv Sena minister Anil Parab in money laundering case

‘Dig all mosques and if Shivlingas found handover to Hindus’: Telangana BJP challenge to Owaisi

‘Dig all mosques and if Shivlingas found handover to Hindus’: Telangana BJP challenge to Owaisi

India working on modalities for shipping wheat to Afghan people

Weeks after announcing the ban, India exported wheat worth USD 473 million in April

Uyghur dies days after release from China detention camp, son collapses dead at his funeral

Uyghur dies days after release from China detention camp, son collapses dead at his funeral

In a new milestone, Capt Abhilasha becomes the first woman combat aviator

In a new milestone, Capt Abhilasha becomes the first woman combat aviator

India looks after its interests, just like Europe: Union Minister Piyush Goyal on Russia imports amid Ukraine conflict

India looks after its interests, just like Europe: Union Minister Piyush Goyal on Russia imports amid Ukraine conflict

Jammu and Kashmir: Two terrorists killed in encounter in Tral area of Awantipora

3 LeT terrorists killed in J-K’s Kupwara

J-K: Lieutenant Governor Manoj Sinha condemns the killing of TV artist Amreen Bhat in Budgam

J-K: Lieutenant Governor Manoj Sinha condemns the killing of TV artist Amreen Bhat in Budgam

  • Circulation
  • Advertise
  • About Us
  • Contact Us
  • Privacy Policy

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • Special Report
  • Sci & Tech
  • Entertainment
  • Education
  • Books
  • Interviews
  • Travel
  • Health
  • Obituary
  • Subscribe
  • About Us
  • Advertise
  • Circulation
  • Contact Us
  • Privacy Policy

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies