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PM Modi interacts with leading private equity, venture capital players

December 17, 2021
Bharat Times

Prime Minister Narendra Modi met leading private equity and venture capital players.

New Delhi:

Prime Minister Narendra Modi on Friday sought suggestions for improving ease of doing business in India, attracting more capital and taking forward the reform process in the country.

The Prime Minister today hosted a round table meeting with representatives of Venture Capital and Private Equity Funds at Lok Kalyan Marg.

“It has been the constant endeavor of the Prime Minister to boost the investment climate of the country. In the last seven years, the Government has taken several important initiatives in this regard,” the Prime Minister’s Office reported today.

Discussions took place in the meeting on similar lines, as well as how the Prime Minister is personally interacting with industry leaders to collect inputs before the next budget.

The Prime Minister sought suggestions for improving the Ease of Doing Business in India, attracting more capital and taking forward the reform process in the country.

According to the official release, PM Modi appreciated the practical suggestions received from the delegates and said that the government is committed to work to resolve the issues and challenges. He discussed the efforts made by the government to bring in more reforms, the future prospects of initiatives like PM Gatishakti and steps taken to reduce the unnecessary compliance burden. He also mentioned about the innovation taking place at the grassroots level in India and boosting the startup ecosystem.

Representatives from Venture Capital and Private Equity Funds praised the Prime Minister for his leadership, which has been a major driving force behind boosting the investment climate in the country in a big way. Appreciating the steps taken to boost the startup ecosystem in the country, Siddharth Pai termed the Prime Minister as the ‘Startup Prime Minister’.

Representatives from Venture Capital and Private Equity Funds also talked about the entrepreneurial potential of the country, and how it can be leveraged so that our startups can reach the global stage.

The delegates also discussed the opportunities that are emerging due to India’s exemplary climate commitments in the area of ​​energy transition. He also gave information about areas like Fintech and Financial Management, Software as a Service (SaaS) etc. He also praised the Prime Minister’s vision of making India a 5 trillion economy.

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