More and extra Indian entrepreneurs from Europe and the United States are heading again to India the place the financial system is rising and alternatives are massive, Saurabh Srivastava, the previous NASSCOM chairman, has stated.
“Today, more and more Indian entrepreneurs are heading back to India from Europe and the U.S. have achieved success in those markets,” Mr. Srivastava, the co-founder of the National Association of Software and Services Company (NASSCOM), stated on the sidelines of Singapore Fintech Festival from November 15-17 right here.
“This is because the economy is growing and the opportunities are large and the government is very focused on entrepreneurs.” Mr. Srivastava stated he desires to see the Indian financial system rising at double-digit although it’s secure on the present 6.5% growth.
Given the big 1.4 billion inhabitants, India ought to have one million startups to drive the financial growth, stated the Padma Shree Awardee, who has funded about 150 startups.
“Indians are among the most inspirational people in the world, and we should not have difficulties in growing at a faster pace,” he stated.
Mr. Srivastava identified that the GIFT City in Ahmedabad is a wonderful initiative in successful investments and the enterprise group by making a tax-free zone.
Solar and wind vitality are now accessible whereas the Indian house sector is about to be a worldwide chief, he stated.
Mr. Srivastava, who wears a quantity of hats in Indian establishments and the company sector, had additionally performed a lead position within the organising The Indus Enterprise (TIE) chapter in Singapore in 2001.
He recalled how the Singapore authorities had welcomed and supported the thought of TIE Singapore chapter, and referred to as for its members to be multi-nationals in step with the affluent metropolis state’s massive MNC group.
