New York investors updated on Indian startups in capital markets
Opportunities are galore in India for all investors and industry stakeholders with the current reset in the global supply chain, Finance Minister Nirmala Sitharaman told a roundtable in New York on 16 Oct 2021.
India has fully leveraged the potential of digitization even during the most challenging times. “The role of technology in the financial sector is enabling pushing the frontier of financial inclusion and Fintechs are playing a key role in this area,” she said.
While speaking on the potential of start-ups, she said, “Start-ups in India have grown tremendously, and many are now raising money through capital markets. This year itself, more than 16 of them will qualify as unicorns.”
The Finance Minister further stated that several reforms have been done by government to ease foreign investment in infrastructure including fiscal benefits.
Sitharaman addressed the Global Business Leaders and Investors Roundtable which was organized by FICCI, jointly with US-India Strategic Partnership Forum.
Rashesh Shah, Past President, FICCI, said that there is tremendous focus on use of technology in improving transparency, democratizing opportunities, and reducing inefficiencies in the economy.
“Our government has brought about transformative changes using the strength of digital technologies and this is propelling growth across sectors,” he told American investors at the roundtable. #investment #technology #projects /fiinews.com
