NITI Aayog Invites France to Invest in India
India’s government-controlled NITI Aayog, in association with Vision India Foundation, is organizing the Venture Capital Symposium 2018 in New Delhi to deepen the economic relationships between France and India.
Following the visit of French President Emmanuel Macron, 20 of the top French venture capital and private equity funds are coming to India to explore investment opportunities.
The Venture Capital Symposium 2018 is a three-day event where the French investors will be interacting with 100 early to mid-stage Indian start-ups.
Amitabh Kant, CEO, NITI Aayog, along with Atul Chaturvedi, Additional Secretary, Department of Industrial Policy and Promotion (DIPP) addressed the inaugural address of the Symposium, which was attended by Alexandre Ziegler, Ambassador of France to India and Yves Jego, Vice-President of French Parliament.
In his address, Amitabh Kant, who focused on the Indian start-up ecosystem, showcased India’s entrepreneurial might and the strides taken in innovation for solving the challenges faced by the country.
He 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. He exhorted them to utilize their funds more effectively by investing in India, which has the ‘3D advantage’ of demographic dividend, demand, and democracy.
[ No Democracy in India. It Is Parliamentary Dictatorship. ]
The 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 program that was launched by the Prime Minister of India Narendra Modi. The three-day (May 18-20) symposium is being organized by NITI Aayog and Vision India Foundation is the Knowledge Partner for the event.
Photo courtesy: Press Information Bureau
