Subhrakant Panda-Led FICCI Delegation Pitches For Silicon Valley Investment In India’s Digital Revolution

San Francisco: A FICCI delegation, led by its Senior VP and IMFA MD Subhrakant Panda, completed a 3-day visit to San Francisco on April 26 during which a roundtable on ‘Investing in India’s Digital Revolution’ was organized along with US-India Strategic Partnership Forum (USISPF).

Union Finance minister Nirmala Sitharaman, who is also visiting the US, addressed investors at the Silicon Valley highlighting about the potential of Indian startups.

Sitharaman encouraged constant engagement with investors to understand and address their concerns and said she is open to suggestions, understand pain points and offer necessary redressal wherever possible.

The Finance minister stressed that to promote a robust startup ecosystem in India, Department fpr Promotion of Industrial and Internal Trade (DPIIT) has set up a proactive startup cell to facilitate potential investors.

She informed potential investors that in pursuit of digitization, India has announced introduction of digital currency by 2023.

She said that India is already marching towards greater financial inclusion through Jan Dhan-Aadhaar-Mobile (JAM) trinity.

Subhrakant Panda said it was an ‘excellent’ session on ‘Investing in India’s digital revolution’.

“It was a very fruitful session between the Indian delegation and the potential investors from the US. The Finance minister responded to questions on a wide range of topics and spoke eloquently about India’s digitization drive which will benefit its people,” said Panda.

Taranjit Singh Sandhu, Ambassador of India to the US, joined the roundtable along with several other dignitaries and industry representatives, including tech entrepreneurs, venture capitalists and investors from both the countries.