New Delhi: As a part of pre-budget consultation with the industry stakeholders, Prime Minister Narendra Modi hosted a round table meeting on Friday with venture capitalists and private equity fund managers, who fund startups and entrepreneurs to help them in setting up a new business or developing a completely new product or service.
“Prime Minister sought suggestions towards improving the ease of doing business in India, attracting more capital and furthering the reform process in the country,” Prime Minister Office said in a statement.
Sharing the details of the meeting, an official said that the government has taken several initiatives to boost the ease of doing business in the country over the last seven years and discussions during today's meeting were also in the same line.
Officials said the Prime Minister appreciated the practical suggestions received from the representatives and assured them that his government was committed to working to resolve the issues and challenges highlighted by the industry leaders.
The meeting, which was also attended by the finance minister Nirmala Sitharaman and her team, underscores how the Prime Minister has been personally interacting with the industry leaders to gather inputs ahead of the next budget.
Finance Minister Nirmala Sitharaman is expected to present the Union budget on February 1 next year.
In the meeting, Prime Minister Modi highlighted the innovation happening in the country at the grass-root level and the boost given to the startup ecosystem. He also discussed the flagship schemes such as the PM GatiShakti that will transform the infrastructure building in the country by pooling in all the information of the projects planned by the Central and State agencies in a single platform.
In order to boost innovation in the country, Prime Minister Narendra Modi had announced the Startup India scheme in his independence day speech in August 2015 and the scheme was formally launched in January next year.