[h=1]Wall Street CEOs keen on startups; PM says personal sector[/h]
September 24, 2015 23:01
Top Wall Street CEOs today expressed interest in investing in start-ups in India with Prime Minister Narendra Modi calling it 'personal sector' on the lines of private and public sectors.
The prime minister today chaired a roundtable meeting with top American CEOs from the financial sector.
"Many CEOs expressed keen interest in the Indian start-up sector, and showed willingness to invest in entrepreneurial ventures and innovative start-ups," the PMO said in a release.
Making a strong pitch for increased investment in various sectors in India, the Prime Minister outlined his vision for "Start-Up India, Stand-Up India".
He said that along with public sector and private sector, he was laying emphasis to individual start-ups and entrepreneurs whom he referred to as the "personal sector", the release said.
Modi said start-ups and innovation had been at the heart of the IT revolution.
The CEOs expressed appreciation for the steps taken by the Prime Minister to improve ease of doing business, and his various initiatives including his push for infrastructure development and Digital India, it said.
The CEOs mentioned taxation issues and residual bureaucratic bottlenecks as some of the concerns that still existed with regard to investment in India.
http://news.rediff.com/commentary/2...sonal-sector/3dce1d1664345abd10567c47dd8dc48b
September 24, 2015 23:01
Top Wall Street CEOs today expressed interest in investing in start-ups in India with Prime Minister Narendra Modi calling it 'personal sector' on the lines of private and public sectors.
The prime minister today chaired a roundtable meeting with top American CEOs from the financial sector.
"Many CEOs expressed keen interest in the Indian start-up sector, and showed willingness to invest in entrepreneurial ventures and innovative start-ups," the PMO said in a release.
Making a strong pitch for increased investment in various sectors in India, the Prime Minister outlined his vision for "Start-Up India, Stand-Up India".
He said that along with public sector and private sector, he was laying emphasis to individual start-ups and entrepreneurs whom he referred to as the "personal sector", the release said.
Modi said start-ups and innovation had been at the heart of the IT revolution.
The CEOs expressed appreciation for the steps taken by the Prime Minister to improve ease of doing business, and his various initiatives including his push for infrastructure development and Digital India, it said.
The CEOs mentioned taxation issues and residual bureaucratic bottlenecks as some of the concerns that still existed with regard to investment in India.
http://news.rediff.com/commentary/2...sonal-sector/3dce1d1664345abd10567c47dd8dc48b
