Addressing a gathering during Saudi Arabia’s annual investment forum, Prime Minister Narendra Modi said that the Indian startups were acing everything, from food delivery to transport, to hospitality, to medical treatment, to tourism, reported Inc42.
PM Modi also promised to continue to work towards a transparent policy regime and ease of doing business. He also announced his commitment to bring invest $100 billion by 2023 in the areas of energy and oil.
During the annual investment forum, the Indian delegation to Saudi Arabia signed numerous MoUs including Letter of Intent between Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia and Atal Innovation Mission (AIM), NITI Aayog.
Recently, assuring government’s support for the startups, the Commerce and Industry Minister Piyush Goyal, said that the startups would never be harassed and the government was taking steps to promote them.
Furthermore, in order to promote fintech startups, ICT and other emerging technologies in Kerala, the KSUM (Kerala Startup Mission) has inked an MoU with Bahrain Economic Development Board (EDB), which will help entrepreneurs to engage in each other’s market at multiple levels.