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Expand Startup India reach globally: Minister to diaspora

Indian Minister for Commerce and Industry Piyush Goyal who is on a six-day visit to San Francisco and Los Angeles highlighted Prime Minister Narendra Modi's Startup India Initiative and urged the Indian diaspora to expand its reach to global markets.

Speaking at the Luncheon Engagement with 'Indiaspora', he said, "When PM Modi launched the 'Startup India Initiative' in 2016, it was a recognition of the growing importance of innovation, of young talent experimenting with new ideas, coming up with new solutions. The Indian diaspora has an important role to play in this journey because they recognise talent, new ideas and innovation and finance them too."

Goyal stressed that the Government of India also recognises the need for international engagement to expand and said to the Indian diaspora, "We are trying to bring together your offerings from offshore and India's abilities and capabilities on shore."

The Indian Minister further said that the idea is to move from policy paralysis to more proactive engagement with people on the ground, bring in a greater degree of policy certainty and predictability and make regulatory processes more aligned to what is happening in the ore developed economies.

"Technology and transparency have taken over in a big way, bringing in honesty in the system and transforming the way Government works in India," said Goyal.

"The Amrit Kaal till 2047 is going to be the defining period of India's journey towards becoming a developed nation and take prosperity to every single person residing in India," he added.


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