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videos | IST

Suresh Prabhu seeks investments from global funds in domestic startups

Commerce and Industry Minister Suresh Prabhu sought investments from global funds in startups from different sectors including infrastructure, agriculture and healthcare. He said huge investment potential exists in India as the country's economy is going to reach $10 trillion by 2035.
"Global funds will get huge return on investments here. Big opportunities exists in areas like infrastructure, services, healthcare and education," he said at the Global Venture Capital Fund summit.
“I personally met almost all the top sovereign wealth funds, pension funds, other funds all across. The largest sovereign wealth fund is Abu Dhabi Investment Authority. On October 16, we had a long meeting in Mumbai and  they are committed to invest in India in a big way,” he added.
He said that committee under Department of Industrial Policy and Promotion (DIPP) will simplify regulation for global investors.
With inputs from PTI.