IMFA MD Subhrakant Panda-led FICCI delegation pitches Silicon Valley investors to invest in India’s Digital Revolution

BY SUBRAT SARANGI

NEW DELHI/ BHUBANESWAR, APRIL 27: FICCI along with US-India Strategic Partnership Forum (USISPF) on Wednesday organised a roundtable on “Investing in India’s Digital Revolution” in San Francisco in which Union finance minister Nirmala Sitharaman addressed investors at the Silicon Valley highlighting about the potential of Indian Startups.

The participating investors agreed that India’s potential in producing Unicorn companies is immense. 

The FM encouraged constant engagement with investors to understand and address their concerns. Smt Sitharaman said she is open to receive suggestions, understand pain points and offer necessary redressal wherever possible. The minister stressed that in order to promote a robust Startup ecosystem in India, DPIIT has set up a very proactive Startup cell to facilitate potential investors. She further added that India in pursuit of digitization has announced introduction of Digital Currency by 2023. She also elucidated that Financial Inclusion will not be the sole purpose of Digital Currency as India is already marching ahead to greater Financial Inclusion, achieved through Jan Dhan-Aadhaar-Mobile (JAM) trinity.

Speaking about the meet, Mr Subhrakant Panda, MD, IMFA & Senior VP, FICCI said, “Excellent session on ‘Investing in India’s digital revolution’ organised by FICCI India and USISPF which was addressed by Finance Minister Smt Nirmala Sitharaman. She responded to questions on a wide range of topics and spoke eloquently about India’s digitisation drive which will benefit its people.”

“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,” added Mr Panda.

Notably, A FICCI industry delegation, led by Mr Subhrakant Panda, MD, IMFA & Senior VP, FICCI, is on a 3-day visit to San Francisco from April 24th to 26th. The mission coincides with the visit of Finance Minister Smt Nirmala Sitharaman to the United States.

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