Wall Street CEOs keen on startups; PM says personal sector

September 24, 2015 23:01

Top Wall Street CEOs today expressed interest in investing in start-ups in India with Prime Minister Narendra Modi calling it 'personal sector' on the lines of private and public sectors.

The prime minister today chaired a roundtable meeting with top American CEOs from the financial sector.

"Many CEOs expressed keen interest in the Indian start-up sector, and showed willingness to invest in entrepreneurial ventures and innovative start-ups," the PMO said in a release.

Making a strong pitch for increased investment in various sectors in India, the Prime Minister outlined his vision for "Start-Up India, Stand-Up India".

He said that along with public sector and private sector, he was laying emphasis to individual start-ups and entrepreneurs whom he referred to as the "personal sector", the release said.

Modi said start-ups and innovation had been at the heart of the IT revolution.

The CEOs expressed appreciation for the steps taken by the Prime Minister to improve ease of doing business, and his various initiatives including his push for infrastructure development and Digital India, it said.

The CEOs mentioned taxation issues and residual bureaucratic bottlenecks as some of the concerns that still existed with regard to investment in India.

« Back to LIVE

TOP STORIES

Raj Bhavan employee files molestation case against Bengal guv

Senior police officials said they received a complaint and are looking into it.

Intense heat sweeps east, south; more heat wave days likely in May

Intense heat swept through east India and parts of the southern peninsular region on Thursday, testing power grids and prompting the Kerala government to order closure of educational institutions till May 6.

Cummins hails Bhuvi's last-ball heroics

Defending 12 in the final over, Bhuvneshwar trapped Rovman Powell in front of the wicket in the last ball to stop Rajasthan Royal's run chase at 200 for 7 and pull off a heist in the end.

'Game never done till it's done': Samson rues loss

Rajasthan Royals skipper Sanju Samson said that even while it seemed his side was cruising to victory he was not certain they would get over the line given the unpredictable nature of the league.

In Pictures - SRH seal dramatic win, edge past RR by 1 run

IMAGES from the IPL match between Sunrisers Hyderabad and Rajasthan Royals played in Hyderabad on Thursday