He added that while the Indian Diaspora in US has been very professional and innovative in their approach, they have simultaneously maintained the strong connect with Indian culture.
New Delhi: Referring to the unique positioning of the Indian Diaspora in US serving as the connect between India and abroad, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Thursday called upon them to convey to the world about the tremendous business opportunities that India, a country of 1.3 billion aspirational market, offers.
He added that while the Indian Diaspora in US has been very professional and innovative in their approach, they have simultaneously maintained the strong connect with Indian culture and value system, thus keeping the soul of India alive. Goyal was speaking at the Luncheon Engagement with ‘Indian diaspora’ at San Francisco.
Goyal highlighted that India has a vibrant start-up ecosystem and recalled that when Prime Minister Narendra Modi launched the ‘Startup India’ in 2016. He said it was a recognition of the growing importance of innovation, of young talent experimenting with new ideas, coming up with new solutions.
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Observing that a lot of the start-up ideas that are developed in India have the cozy comfort of a large domestic market and may not have engaged with the rest of the world as much as they could, Goyal emphasised on the need to have more opportunities for Indian start-up ideas to reach out to the global market and added that there can be no better place than Silicon Valley to go global.
Recognising the need for international engagement to expand, Goyal said “No country in the world has become a developed without significantly expanding engagement with the rest of the world. We need to engage with the world otherwise we will miss the bus.”
The minister said the government is playing a role of facilitator between Indian start-ups and investors based in the US and urged them to connect with each other to take this dialogue to a new level. Goyal said he is taking back a few ideas from investors that will help to further speed up deployment of capital encouraging new innovation in India.
