Budget Reaction- Startup Investor- by NEDFi on VC Expert Panel and North-East Growth

PVSLN Murty ,Chairman & Managing Director NEDFi and Chairman, NEDFi Ventures

Indian startup industry has got recognition from our Hon’ble Prime Minister recently and announcing the establishment of an Expert Committee for VC/PE funding reinforce that the government has a vision and agenda to give the best facilities for boosting the growth of the startup industry. In addition to that happy to see that govt. see the potential of the entire North East region and announce the Prime Minister’s Development Initiative for North East (PM-DevINE).

For growth of any region growth startups and corporates play a big role with their disruptive business ideas. We have been mentoring startups in the entire eight Northeastern states – Assam, Meghalaya, Manipur, Mizoram, Nagaland, Tripura, Arunachal Pradesh and Sikkim. Coming more and more startups from the region is likely to create more job opportunities and help improve the employment sector. We have mentored 26 startups from the NorthEast region till now through NEVF who are doing innovative work in D2C, Tech, Automobile, Agri-tech, Tourism, Infrastructure etc. We can expect a healthier credit line for budding entrepreneurs, and better penetration in North East regions reaching innovative businesses.