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Finance Minister Nirmala Sitharaman assured investors on Tuesday that the government will tackle all possible problems to encourage investment in the country. Speaking at a roundtable on Investing in India’s digital revolution in San Francisco, the minister encouraged continued dialogue with investors to understand and address their concerns.
The Treasury Secretary said she is open to suggestions, understands weaknesses, and will offer necessary fixes when possible. “FM Smt. @nsitharaman said that in order to promote a strong #StartUp ecosystem in India, @DPIITGoI created a very proactive #StartUp cell and encouraged those interested in Indian #StartUps to engage with @DPIITGoI in a Department tweet of the Treasury.
During the meeting, Silicon Valley investors also said that India’s potential to produce unicorn companies is immense. “FM said that in pursuit of #digitalization, India has announced the launch of #DigitalCurrency by 2023. It also stated that #FinancialInclusion #FI will not be the only focus as India is already moving towards a larger #FI driven by #JAM Trinity,” read another tweet.
Earlier today, the Secretary of the Treasury had a lively interaction with a group of students studying at Stanford University on a variety of topics. She was accompanied by the Indian Ambassador to the United States, Taranjit S. Sandhu, and Chief Economic Adviser V, Ananth Nageswaran.
Sitharaman also participated in a panel 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 the #SHG and #DirectBenefitTransfer programs, which have particularly benefited rural women, and others such as #MudraYojana, which have empowered women, entrepreneurs,” she said. in a separate tweet. . Citing examples of strong, empowered, and inspiring women from ancient Indian scriptures, the minister said that women today are no less and have the potential to innovate through their own technological and digital stewardship and reach new heights along the way.
The Treasury Secretary met with General James Mattis, former US Secretary of Defense and currently Davies Family Emeritus, Hoover Institution, Stanford University, and discussed matters of common interest between India and the United States. She also met with Perumal Gandhi co-founder of Perfect Day, a Silicon Valley-based biotech/biosynthesis startup.
She has developed a technology to produce milk protein by taking advantage of microbial fermentation instead of using an animal source. “Mr. Perumal Gandhi has discussed Perfect Day’s growth plan with FM and is looking to #invest in India to accelerate Perfect Day’s growth and participate in the #MakeInIndia campaign,” read another tweet.
