PM meets venture capital, private equity funds ahead of Union Budget

Prime Minister Narendra Modi on Friday hosted a roundtable interaction with representatives of venture capital and private equity funds.

According to the Prime Minister’s Office, this is a part of the constant endeavour of the Prime Minister to boost the investment climate in the country, and the motive of the Friday’s meeting was to gather inputs ahead of the next budget for FY22.

“He (Modi) discussed the efforts undertaken by the government to bring in more reforms, future potential of initiatives like PM GatiShakti, and steps taken to reduce the unnecessary compliance burden,” the PMO said in a statement.

“He also mentioned the innovation happening in India at the grassroot level and the boost to the startup ecosystem,” it added.

The representatives also discussed the opportunities that are emerging because of India’s exemplary climate commitments including the ones in the sphere of energy transitions, the statement added.

The private equity funds and venture capitalists gave inputs about areas like FinTech and Financial Management, and Software as a Service (Saas).

–IANS

ad-rv/vd

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor