Business EconomyPosted at: May 18 2018 9:59PM


Focus on 7bn strong global market: NITI Aayog to investors

New Delhi, May 18 (UNI) NITI Aayog Chief Executive Officer Amitabh Kant on Friday urged the investors to focus on India to not just target one billion people but to build solutions in India for the seven billion strong global market.
Speaking at the inaugural session of the three-day Venture Capital Symposium here on Friday, Mr Kant exhorted the startups to utilise their funds more effectively by investing in India, which has the ‘3D advantage’ of demographic dividend, demand & democracy.
NITI Aayog in association with Vision India Foundation is organising the Venture Capital Symposium 2018 to deepen the economic relationships between France and India.
During the event French investors will be interacting with 100 early to mid-stage Indian start-ups.
Mr Kant, who focussed on the Indian Start-Up ecosystem also showcased India’s entrepreneurial might and the strides taken in innovation for solving the challenges faced by the country.
This event was attended by various investors from France including Safran Ventures, Eren Group, Luxury Tech, Fahsion Capital, Educlever, Olymp Capital, Affectio Familiae, Brands and beyond, Galileo Partners, Winevestworld, TNP, Claranova among others.
Four investor groups - Eren Group, Claranova, Olymp Capital and TNP - made announcements of setting up offices in India and commitments to invest in various sectors such as energy, aerospace, blockchain and Internet of Things.
The event facilitates interactions between French investors, Indian investors, Indian start-ups and critical government functionaries. The French investors will explore the investment landscape as well as the socio-cultural richness of India.
The Venture Capital Symposium 2018 aims to support the Start-up India programme that was launched by the Hon’ble Prime Minister of India. The three day symposium is being organized by NITI Aayog and Vision India Foundation is the Knowledge Partner for the event.
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