Speaking at a round table on Investing in India’s Digital Revolution in San Francisco, the Union Finance Minister encouraged ongoing dialogue with investors to understand and address their concerns
Speaking at a round table on Investing in India’s Digital Revolution in San Francisco, the Union Finance Minister encouraged ongoing dialogue with investors to understand and address their concerns
Washington: Finance Minister Nirmala Sitharaman assured investors on Tuesday that the government will address all possible vulnerabilities to encourage investment in the country.
Speaking at a round table on Investing in India’s Digital Revolution in San Francisco, the minister encouraged ongoing dialogue with investors to understand and address their concerns.
The Treasury Secretary said she was open to taking suggestions, understanding pain points and offering necessary remedies wherever possible.
“FM Smt. @nsitharaman said that in order to promote a robust #StartUp ecosystem in India, @DPIITGoI set up a very proactive #StartUp cell and encouraged those interested in Indian #StartUps to engage with @DPIITGoI a tweet from the Treasury Department.
During the meeting, Silicon Valley investors also expressed that India’s potential to create unicorn companies is immense.
“FM said that in pursuit of #digitalization, India has announced the launch of #DigitalCurrency by 2023. She also explained that #FinancialInclusion #FI will not be the sole purpose as India is already on the way to greater #FI achieved #JAM Trinity,” another tweet said.
Earlier in the day, the Treasury Secretary had an interaction with a group of students studying at Stanford University, who covered a variety of topics.
She was accompanied by Indian Ambassador to the US Taranjit S. Sandhu and Chief Economic Advisor V. Ananth Nageswaran.
Ms. Sitharaman also participated in a roundtable discussion with female CXOs from various sectors including fintech, healthcare, education and IT, among others.
The meeting focused on ways they could continue to contribute to India’s growth story.
“FM highlighted various government initiatives that focus on women-led development, such as programs for #SHGs and #DirectBenefitTransfer, which have particularly benefited rural women, and others such as #MudraYojana, which have empowered women entrepreneurs,” reads in a separate tweet.
Citing examples of strong, empowered and inspiring women from ancient Indian scriptures, the minister said that today’s women are no less and have the potential to innovate and reach new heights in their journey through their own technological and digital stewardship.
The Treasury Secretary had a meeting with General James Mattis, former US Secretary of Defense and current Davies Family Distinguished Fellow, Hoover Institution, Stanford University and discussed matters of mutual interest between India and the US.
She also had a meeting with Perumal Gandhi co-founder Perfect Day, a Silicon Valley-based synbio/biotech startup.
It has developed technology to produce milk proteins through microbial fermentation rather than using animal sources.
“Mr. Perumal Gandhi has discussed Perfect Day’s growth plan with the FM and is seeking to #invest in India to accelerate Perfect Day’s expansion and join the #MakeInIndia campaign,” read another tweet.
