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Ahead of Budget, PM meets venture capital, private equity funds
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SME Times News Bureau | 19 Dec, 2021
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).
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